According to the U.S. Bureau of Labor Statistics, prices in Detroit, Michigan are 1,998.54% higher in 2025 versus 1940 (a $1,417,682.97 difference in value).
Between 1940 and 2025: Detroit experienced an average inflation rate of 3.65% per year. This rate of change indicates significant inflation. In other words, $70,936 in Detroit in the year 1940 would cost $1,488,618.97 in 2025 for an equivalent purchase. Compared to the overall inflation rate of 3.75% during this same period, inflation in Detroit was lower.
In the year 1940: Pricing changed by 0.59%, which is significantly below the average yearly change in Detroit during the 1940-2025 time period. Compared to inflation for all items in 1940 (0.72%), inflation in Detroit was lower.
Below are calculations of equivalent buying power in Detroit, over time, for $70,936 beginning in 1940. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1940 | $70,936.00 | 0.59% |
| 1941 | $75,374.73 | 6.26% |
| 1942 | $83,707.83 | 11.06% |
| 1943 | $88,272.19 | 5.45% |
| 1944 | $89,444.68 | 1.33% |
| 1945 | $91,831.55 | 2.67% |
| 1946 | $99,829.65 | 8.71% |
| 1947 | $113,773.97 | 13.97% |
| 1948 | $122,944.57 | 8.06% |
| 1949 | $121,353.32 | -1.29% |
| 1950 | $123,363.32 | 1.66% |
| 1951 | $133,036.41 | 7.84% |
| 1952 | $136,386.39 | 2.52% |
| 1953 | $138,815.14 | 1.78% |
| 1954 | $139,317.63 | 0.36% |
| 1955 | $139,066.38 | -0.18% |
| 1956 | $141,662.63 | 1.87% |
| 1957 | $145,808.24 | 2.93% |
| 1958 | $147,818.23 | 1.38% |
| 1959 | $147,776.35 | -0.03% |
| 1960 | $148,990.72 | 0.82% |
| 1961 | $149,828.22 | 0.56% |
| 1962 | $150,288.85 | 0.31% |
| 1963 | $151,754.47 | 0.98% |
| 1964 | $153,010.71 | 0.83% |
| 1965 | $156,528.20 | 2.30% |
| 1966 | $163,479.42 | 4.44% |
| 1967 | $168,965.03 | 3.36% |
| 1968 | $176,251.25 | 4.31% |
| 1969 | $186,971.22 | 6.08% |
| 1970 | $198,528.68 | 6.18% |
| 1971 | $205,773.02 | 3.65% |
| 1972 | $213,394.25 | 3.70% |
| 1973 | $227,296.70 | 6.51% |
| 1974 | $251,919.11 | 10.83% |
| 1975 | $270,679.05 | 7.45% |
| 1976 | $285,377.12 | 5.43% |
| 1977 | $304,974.55 | 6.87% |
| 1978 | $328,131.34 | 7.59% |
| 1979 | $369,838.70 | 12.71% |
| 1980 | $428,630.99 | 15.90% |
| 1981 | $468,412.10 | 9.28% |
| 1982 | $487,381.41 | 4.05% |
| 1983 | $501,283.86 | 2.85% |
| 1984 | $518,829.42 | 3.50% |
| 1985 | $536,877.48 | 3.48% |
| 1986 | $544,373.08 | 1.40% |
| 1987 | $560,871.77 | 3.03% |
| 1988 | $582,186.07 | 3.80% |
| 1989 | $613,089.71 | 5.31% |
| 1990 | $644,621.48 | 5.14% |
| 1991 | $668,155.15 | 3.65% |
| 1992 | $682,183.22 | 2.10% |
| 1993 | $700,608.16 | 2.70% |
| 1994 | $722,718.08 | 3.16% |
| 1995 | $745,539.87 | 3.16% |
| 1996 | $765,723.55 | 2.71% |
| 1997 | $784,650.98 | 2.47% |
| 1998 | $802,029.05 | 2.21% |
| 1999 | $822,924.60 | 2.61% |
| 2000 | $851,860.12 | 3.52% |
| 2001 | $876,021.91 | 2.84% |
| 2002 | $897,880.59 | 2.50% |
| 2003 | $916,891.77 | 2.12% |
| 2004 | $930,961.72 | 1.53% |
| 2005 | $957,552.25 | 2.86% |
| 2006 | $986,906.52 | 3.07% |
| 2007 | $1,004,856.18 | 1.82% |
| 2008 | $1,029,342.50 | 2.44% |
| 2009 | $1,021,336.44 | -0.78% |
| 2010 | $1,030,026.73 | 0.85% |
| 2011 | $1,062,608.30 | 3.16% |
| 2012 | $1,085,172.56 | 2.12% |
| 2013 | $1,102,549.79 | 1.60% |
| 2014 | $1,114,495.85 | 1.08% |
| 2015 | $1,099,805.73 | -1.32% |
| 2016 | $1,115,864.74 | 1.46% |
| 2017 | $1,138,552.95 | 2.03% |
| 2018 | $1,166,526.61 | 2.46% |
| 2019 | $1,181,967.12 | 1.32% |
| 2020 | $1,194,003.21 | 1.02% |
| 2021 | $1,243,384.55 | 4.14% |
| 2022 | $1,345,434.40 | 8.21% |
| 2023 | $1,418,653.84 | 5.44% |
| 2024 | $1,465,997.55 | 3.34% |
| 2025 | $1,488,618.97 | 1.54%* |
* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Detroit, Michigan:
| Year | 1914 | 1915 | 1916 | 1917 | 1918 | 1919 | 1920 | 1921 | 1922 | 1923 | 1924 | 1925 | 1926 | 1927 | 1928 | 1929 | 1930 | 1931 | 1932 | 1933 | 1934 | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 | 1949 | 1950 | 1951 | 1952 | 1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| CPI | 9.700 | 9.733 | 10.233 | 11.917 | 14.525 | 17.642 | 21.508 | 19.517 | 17.442 | 17.958 | 18.050 | 18.158 | 18.467 | 18.158 | 17.525 | 17.508 | 17.217 | 15.183 | 13.250 | 11.917 | 12.592 | 13.267 | 13.825 | 14.608 | 14.533 | 14.033 | 14.117 | 15.000 | 16.658 | 17.567 | 17.800 | 18.275 | 19.867 | 22.642 | 24.467 | 24.150 | 24.550 | 26.475 | 27.142 | 27.625 | 27.725 | 27.675 | 28.192 | 29.017 | 29.417 | 29.408 | 29.650 | 29.817 | 29.908 | 30.200 | 30.450 | 31.150 | 32.533 | 33.625 | 35.075 | 37.208 | 39.508 | 40.950 | 42.467 | 45.233 | 50.133 | 53.867 | 56.792 | 60.692 | 65.300 | 73.600 | 85.300 | 93.217 | 96.992 | 99.758 | 103.250 | 106.842 | 108.333 | 111.617 | 115.858 | 122.008 | 128.283 | 132.967 | 135.758 | 139.425 | 143.825 | 148.367 | 152.383 | 156.150 | 159.608 | 163.767 | 169.525 | 174.333 | 178.683 | 182.467 | 185.267 | 190.558 | 196.400 | 199.972 | 204.845 | 203.252 | 204.981 | 211.465 | 215.956 | 219.414 | 221.791 | 218.868 | 222.063 | 226.578 | 232.145 | 235.218 | 237.613 | 247.441 | 267.749 | 282.320 | 291.742 | 296.244 |