What Does the Average Gym Membership Cost?

With the New Year right around the corner you might be wondering how much you will have to spend to join a gym. Today my guest blogger is Stephanie Lynch, and she has done some research to help you out!

In the world of gyms, prices are going to greatly vary.  Usually, the more you want, the more you’re going to pay.  Isn’t that with anything in life?

If you’re thinking about joining a new gym in the future, let’s breakdown what it’s more than likely going to cost you.

Factors That Affect Pricing

1.  Location

Like anything, your geographical location will play an important role in the pricing.  A gym in New York City is going to cost a lot more than one in Iowa.

2.  Features

A gym with a pool, basketball court, spa and premium amenities is going to be a lot more than a gym with simple gym equipment.  Generally, the less the gym offers, the less you’re going to pay.

3.  Brand

Just like clothing or food, brands are everything when it comes to pricing.

3.  Extras

Outside of your gym membership, gyms may offer childcare, classes and other premium amenities, such as the ones mentioned above, for a fee.

How You Can Pay

  • Month-to-month:  This one is simple.  The gym will want your credit card or bank account number to automatically withdrawal your money every month.  This method tends to be the most expensive option.
  • Short Term:  Some gyms will offer three to six month memberships.
  • Yearly:  If you pay by the year, many gyms will let you save more than 20-40 percent.
  • Multiyear:  If you really feel committed, some gyms let you sign contracts up to a few years.

How Much Does it Cost?

On average, a gym membership can cost anywhere from as little as $10 to as much as $60 per month.    On top of this, most gyms will force you to pay an initiation fee that can range from $25 to $150.  This cost will depend on the contract that you’ll sign.  To give you a good ballpark, here’s what you can expect to pay at certain gyms around you —

  • Ballys:  $20 to $30
  • Gold’s Gym:  $30 to $40
  • LA Fitness:   $30 to $45
  • Planet Fitness:  $10 to $20
  • 24 Hour Fitness:  $20 to $30

How to Save

Wait for the New Year

Since most people want to head to the gym during the New Year, this is when gyms will offer the biggest discounts.  If you can wait until this time, see what you can save.

Haggle

Don’t be afraid to haggle!  Most gyms are more than happy to haggle with you on the monthly membership fee and initiation fee.  If possible, try to waive the initiation fee.

Compare

Try to compare at least three to five gyms in your area.  If you can’t find the gym membership price on the website, consider calling them up over the phone.

Family Membership

The more people you sign up, the more you’re going to be able to save.  Consider signing up with a partner or as a family.

Stephanie Lynch represents the website Howmuchisit.org.

http://www.howmuchisit.org

Enhanced by Zemanta
Advertisements

4 thoughts on “What Does the Average Gym Membership Cost?

  1. Hello! I could have sworn I’ve been to this website before but after reading through some of the post I
    realized it’s new to me. Anyways, I’m definitely delighted I found it
    and I’ll be book-marking and checking back frequently!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s