Average Cost Of Gym Membership Per Month – Behind the numbers: Gym memberships on the rise since COVID-19 Behind the numbers: Gym memberships on the rise since COVID-19
Wodify is a holistic health management system trusted by over 5,000 companies worldwide. With one of the largest and most accurate databases in the industry, we decided to create this series to share specific results-proven metrics, insights from the most successful gyms, and how Wodify customers can track their progress.
Average Cost Of Gym Membership Per Month
Over the past few years, the global pandemic has caused inflation, which has led to economic instability. Behind the Numbers, we present key data related to the growth of gym memberships post-COVID-19 and explore the following questions:
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We analyzed 9.18 million data points from thousands of gyms to compile this information for you. Yes, it’s a long one, so be prepared for some extra tips.
We reviewed monthly rates in the United States from January 2019 to September 2022.
As you can see from the chart above, the average cost of a gym membership in January 2019 was $112/month. During COVID-19, you can see the numbers drop significantly to around $100/month, which is 10% off the average price.
As you can see the cost of membership continues to rise and the average price as of August 2022 is $128/month.
Ways To Get Cheap Gym Memberships In 2023
In fact, the average monthly gym membership price has increased by 14.33% from January 2019 to August 2022.
You might be surprised how much the average cost of a gym membership has gone up, but it hasn’t increased at the rate of inflation. According to the Bureau of Labor Statistics, the cost of living has increased by 17%+ since January 2019, which is almost 3% higher than the rate at which gym memberships have increased.
Across each country on the map below, you can see the average cost of participation in that country.
Our key takeaway from this information is that insurance is still very important to business owners. Wondering why membership fees haven’t risen as quickly as the cost of living? Maybe gym owners don’t want to lose customers, so they raise prices for only a fraction of the money needed to grow their business.
Massage Envy Prices
Your gym owners work tirelessly to keep their business open and in the best possible condition for you. There’s no action here, just some respect for the owners and staff that makes your body stronger.
Offer a higher price than a higher price There are several things you can do to offer a higher price to your subscribers in addition to raising your subscriber price.
Maybe start cleaning up your site, making sure it’s as clean and as good as possible to keep your subscribers as happy as possible.
You can host weekend events, which will prevent members from switching gyms because of your company’s neighbors.
What’s The Average Gym Membership Cost?
Also, encourage your members to track their performance with a tool like Wodify Perform. Once all their training data is stored in one place, the cost of switching will outweigh the cost of staying at your gym, as they don’t want to lose their entire training session. Performance appraisal can lead to 20% retention.
We hope these insights and tips are helpful for your business! Stay tuned for more posts in this series as we continue to explore information about Wodify.
Download a free PDF book with many NCFIT gym management techniques and concepts you can use in your gym today.
Book a demo with our team before the end of 2022 and get 65% off Wodify and an exclusive Wodify Starter Pack.* Everyone seems to have their own reasons for not being good. “I don’t have time” and “I’m too tired” are the most common. We’re all busy working, sleeping, watching Netflix, and (re)working out, which isn’t the break in life we’re looking for at the gym.
Reasons To Ditch Your Gym Membership
Both countries have their New Year’s resolutions. Of course, millions of Americans sign up for gym memberships but don’t use them.
I encourage you to visit the HHS website for some information on American health and safety. is alarming. Here are some statistics to whet your appetite:
From a health perspective, we seem to be in trouble. But that is the personal finance sector. So I’m here to be one
Here’s why we should all be spending more time in the gym. Let’s put down the gym shoes for a few minutes and focus on money.
How Much Does It Cost To Start A Gym?
According to a study by the Statistical Brain Research Institute, the average gym membership in the US costs $58 a month. That’s $696 a year.
According to National Healthcare Expenditure data published by CMS, the average healthcare expenditure per person is $10,348 per year.
From the beginning, something was clear. Where are more opportunities to save? Medical expenses.
Of course, it’s not that simple. Health insurance covers most of these costs, so your out-of-pocket costs are usually low. CMS estimates ~$1,105 per person (not including health insurance costs).
How Much Do Americans Spend On Health & Fitness?
The average annual cost of weight loss in the US is $478 (higher than the average of $1,105). The price is $524 for women and $432 for men.
The average annual cost of obesity is high: $3,763 (higher than the average cost of $1,105). The price is $4,879 for women and $2,646 for men.
To show the savings you can get, I’d like to look at the cost of a gym membership in different scenarios.
For this first analysis, let’s imagine there are 3 people, all 25 years old. One is average weight, second is fat and third is obese. Now suppose everyone lives in the same distribution (average/obese/obese) for the next 40 years.
How Much Is A Gym Membership In 2023?
Stay with me i know I got more than I promised. hold on I’m here for you. I promise the result is interesting and possible.
Avoiding excess health care costs of being overweight or obese can save more than $1 million over your lifetime.
I know there is more to a person’s weight than just going to the gym. Diet and genetics also play a big role. But for the purposes of this analysis, I’ve simplified it to the bare bones.
A friendly disclaimer: these results are based on my own assumptions. Each scenario involves the following considerations:
Gym Membership Invoice Template
I have to say that I was surprised at the magnitude of the results. Some Americans would save more than a million dollars if they could reduce their health care costs. Who knew?!
So far it has caught people’s attention. It’s true that many of us can improve our financial goals by improving our health.
However, we should not forget that health care costs have become a large part of spending in America as well. From 1960 to 2016, the share of healthcare spending in GDP increased from 5.0% to 17.9%!
This picture is likely to persist as the population ages. Per capita health care spending has increased significantly (nearly 7000% – if you read that right) over the same period.
How Much Does It Cost To Start A Gym? 8 Gym Startup Costs
Will legislators work to lower drug prices? I’ll believe it when I see it. Will CMS increase incentives for providers to reduce overall health care costs? Maybe one day.
At this time, the only way to reduce the cost of health care per person is to reduce the use of services (ie healthcare).
Therefore, I can argue that it is your American responsibility to get a gym membership – and use it!
Look bad When I’m not wearing contacts or glasses, I can’t tell how many fingers you’re holding up from 3 feet away. Now I can see perfectly. The result was miraculous. But is it a worthwhile financial investment?
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Let’s think about the fire lifestyle. If you ask 10 random people on the street if you want enough money
On the rare occasion that I find out that a friend doesn’t drink coffee, I usually think there’s something wrong with them…or maybe they had trouble with baristas in their childhood. Maybe they are right! How much money could they save by avoiding coffee? It may be more than you think.
In the personal finance/financial freedom community, we all love free stuff. What better way to increase your financial goals! But have you ever considered the power of marketers to use “freebies” to get people to buy more than they want? I
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