According to the U.S. Bureau of Labor Statistics, prices for owners' equivalent rent of primary residence were 225.22% higher in 2019 versus 1982 (a $45.04 difference in value).
Between 1982 and 2019: Owners' equivalent rent of primary residence experienced an average inflation rate of 3.24% per year. This rate of change indicates significant inflation. In other words, owners' equivalent rent of primary residence costing $20 in the year 1982 would cost $65.04 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 2.67% during this same period, inflation for owners' equivalent rent of primary residence was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Owners' equivalent rent of primary residence:
Year | 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 |
CPI | 100.000 | 102.492 | 107.308 | 113.162 | 119.385 | 124.823 | 131.123 | 137.400 | 144.800 | 150.423 | 155.523 | 160.515 | 165.785 | 171.331 | 176.777 | 181.892 | 187.800 | 192.923 | 198.662 | 206.285 | 214.700 | 219.923 | 224.923 | 230.154 | 238.177 | 246.235 | 252.426 | 256.610 | 256.578 | 259.553 | 264.813 | 270.661 | 277.808 | 285.889 | 295.329 | 305.092 | 315.162 | 325.224 |
Below are calculations of equivalent buying power for Owners' equivalent rent of primary residence, over time, for $20 beginning in 1982. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1982 | $20.00 | - |
1983 | $20.50 | 2.49% |
1984 | $21.46 | 4.70% |
1985 | $22.63 | 5.46% |
1986 | $23.88 | 5.50% |
1987 | $24.96 | 4.56% |
1988 | $26.22 | 5.05% |
1989 | $27.48 | 4.79% |
1990 | $28.96 | 5.39% |
1991 | $30.08 | 3.88% |
1992 | $31.10 | 3.39% |
1993 | $32.10 | 3.21% |
1994 | $33.16 | 3.28% |
1995 | $34.27 | 3.35% |
1996 | $35.36 | 3.18% |
1997 | $36.38 | 2.89% |
1998 | $37.56 | 3.25% |
1999 | $38.58 | 2.73% |
2000 | $39.73 | 2.97% |
2001 | $41.26 | 3.84% |
2002 | $42.94 | 4.08% |
2003 | $43.98 | 2.43% |
2004 | $44.98 | 2.27% |
2005 | $46.03 | 2.33% |
2006 | $47.64 | 3.49% |
2007 | $49.25 | 3.38% |
2008 | $50.49 | 2.51% |
2009 | $51.32 | 1.66% |
2010 | $51.32 | -0.01% |
2011 | $51.91 | 1.16% |
2012 | $52.96 | 2.03% |
2013 | $54.13 | 2.21% |
2014 | $55.56 | 2.64% |
2015 | $57.18 | 2.91% |
2016 | $59.07 | 3.30% |
2017 | $61.02 | 3.31% |
2018 | $63.03 | 3.30% |
2019 | $65.04 | 3.19%* |