Llamas range anywhere from $200 to $40,000, depending on the role the llama will undertake. Pets (companions) are less expensive than a stud whose potency will effect the future herd. Because there is no standard for llamas, a price of a llama depends largely on conformation, genealogy, a breeders preference, how the animal reproduces, and managing the number of llamas in the herd.  Llamas are, however, extremely inexpensive to maintain. Llamas need some room to roam and adequate shelter for colder, hotter, or wetter days, but typically cost less to feed than dogs because of their efficient three-chambered stomachs and low protein requirements. Born grazers, llamas typically nibble on trees and a variety of plants, shrubs, vegetables, and fruits, as well as weeds.

Llamas are known to be very intelligent animals. They are easily trained and can pick up repetitive tasks easily.

Since llamas are part of the camel family, they do spit as a way of communicating with other animals in the herd. However, humans are usually only targeted when the llamas are scared, feel threatened, or have been mistreated.