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Quick Comparison: SPIN Class vs. Home Exercise Bike Cost

Quick Comparison: SPIN Class vs. Home Exercise Bike Cost

By Lisa Selvaggio

Riding a bike can serve as a great cardio workout that burns calories and builds muscle. But if you’re hoping to save money in the long run, which is the better choice: paying for SPIN classes, or similar cycling classes, or purchasing your own home exercise bike?

There are definitely some pros and cons associated with attending a cycling class versus working out at home on your own exercise bike, but we’re going to focus solely on the costs of each of these options. Check out our breakdown below to see which one is ultimately the more affordable way to go.

The Costs of Attending Indoor Cycling Classes

Before we get started, it’s worth noting that SPIN and terms like “spinning” refer to a specific brand of exercise bikes and the classes associated with them, and they’re trademarked to Mad Dogg Athletics.

What you’ll pay to attend a spinning class will vary, depending on where a studio is located and how long the class will be. If you’re in a big city, for example, the cost of a class might be higher than it would be in a more rural area. On average, you might expect to pay anywhere from $10-25 to attend a class as a drop-in.

To get a lower per-class rate, you might want to buy a group of classes at once. As an example, you might be able to buy a package of 10 classes for roughly $175. Larger packages will cost even more, and you might find yourself spending more than $300. Or, you might need to purchase a studio or gym membership that costs hundreds of dollars in order to participate in the classes.

What about other types of indoor cycling classes? Well, their prices will vary as well:

  • SoulCycle classes have become hugely popular, and you might pay around $32 (one class plus shoe rental) if you’re going to a studio in Toronto. If you purchase packages of classes, though, you might end up spending around $300 or more.
  • Spinco, which is the biggest spin chain in Canada, offers classes around $25 in its downtown Toronto studio. If you purchase multiple classes at once, the per-class rate falls. For example, if you spend $210 for 10 classes, the per-class rate is $21. You can even opt to spend $250 for unlimited classes for one month.

The Costs of Purchasing an Exercise Bike

Today’s home exercise bikes are more advanced than ever, providing you with streaming cycling classes, so you don’t need to adhere to any studio’s schedule, and you don’t have to leave your house to take exhilarating classes led by top-notch instructors.

The initial investment into a home exercise bike could be a little rough because these machines can be pricey. If you’re an avid cycler, however, and you’ve been spending hundreds of dollars per month to attend classes, your exercise bike will pay itself back in no time.

Here are two of the top home exercise bikes, along with what they typically cost:

Here are two of the top home exercise bikes, along with what they typically cost:

  • A Peloton bike might cost around $2,245, but the price is higher if you opt to go with larger packages that include accessories. You’re also required to pay $39 per month to access the online platform, which has all of the live and recorded classes this brand is known for. If you were to take in-person cycling classes at $25 per class, you’d break even after completing roughly 90 Peloton sessions at home. If you’re cycling about eight times per month (twice a week), it would take a little less than a year to break even on the cost of the bike and start saving money. Then, it’s a matter of keeping up with the subscription.
  • NordicTrack offers exercise bikes that come with iFit technology to connect you with exciting trainers and classes, so it’s like being in a studio, but you’re at home instead. The Commercial S15i Studio Cycle is a great example, and it costs around $1,599. Using the scenario described above, if you spent $25 per cycling class at a local studio, you’d break even after completing roughly 64 sessions on your NordicTrack bike. If you’re working out on your bike eight times per month (twice per week), it would take about eight months to break even and start saving money. Then, it’s a matter of covering the cost of iFit, which is $39 monthly.

Home Exercise Bikes Might Help You Save Money in the Long Run

In-studio cycling sessions are great, but the costs of attending them can really add up in the long run. If you have the room in your home for a high-tech exercise bike that can connect you to the same types of classes, you might end up saving money over time. So it’s definitely worth crunching some numbers, based on your personal workout habits, to figure out if investing in the equipment is worthwhile.

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