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