Philadelphia, Pennsylvania prices: $20,000 in 2005 $27,939 in 2022

Inflation in Pennsylvania

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Prices in Philadelphia, 2005-2022 ($20,000)

According to the U.S. Bureau of Labor Statistics, prices in Philadelphia, Pennsylvania are 39.70% higher in 2022 versus 2005 (a $7,939 difference in value).

Between 2005 and 2022: Philadelphia experienced an average inflation rate of 1.99% per year. In other words, $20,000 in Philadelphia in the year 2005 would cost $27,939 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.34% during this same period, inflation in Philadelphia was lower.

In the year 2005: Pricing changed by 3.97%, which is above the average yearly change in Philadelphia during the 2005-2022 time period. Compared to inflation for all items in 2005 (3.39%), inflation in Philadelphia was higher.

Price Inflation in Philadelphia, Pennsylvania since 1914

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1919 (21.56%), 1918 (21.45%), and 1920 (16.49%).

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Buying power of $20,000.00 since 2005

Below are calculations of equivalent buying power in Philadelphia, over time, for $20,000 beginning in 2005. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2005$20,000.003.97%
2006$20,769.833.85%
2007$21,225.202.19%
2008$21,983.753.57%
2009$21,870.26-0.52%
2010$22,318.252.05%
2011$22,903.352.62%
2012$23,332.491.87%
2013$23,612.611.20%
2014$23,927.161.33%
2015$23,906.61-0.09%
2016$24,046.480.59%
2017$24,352.521.27%
2018$24,677.161.33%
2019$25,145.571.90%
2020$25,375.990.92%
2021$26,368.473.91%
2022$27,939.005.96%*
* Not final. See inflation summary for latest details.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Philadelphia, Pennsylvania:

Year1914191519161917191819191920192119221923192419251926192719281929193019311932193319341935193619371938193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI10.20010.20810.40811.80814.34217.43320.30818.61717.26717.54217.69218.27518.83318.56718.15817.80817.60816.22514.60013.37514.01714.23314.50814.85814.55014.31714.33315.04216.73317.80018.04218.52520.10823.00824.83324.54224.69226.97527.49227.62527.90827.85028.23329.14229.71730.05030.58330.92531.20031.75832.25832.75833.70034.61736.27538.20040.76742.75843.94246.90052.46756.83359.64263.53367.24273.92583.57592.08396.55899.375104.042108.767111.467116.808122.400128.300135.842142.183146.583150.233154.642158.692162.842166.450168.117171.708176.300181.183184.683188.675196.150203.942211.792216.435224.170223.013227.581233.547237.923240.780243.987243.778245.204248.325251.635256.411258.761268.882284.896

Adjust Philadelphia prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2005 * 2005 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Philadelphia, Pennsylvania was 203.942 in the year 2005 and 284.896 in 2022:

284.896 / 203.942 * $20,000 = $27,939

Therefore, according to U.S. Bureau of Labor Statistics, $20,000 in 2005 has the same "purchasing power" as $27,939 in 2022 (in the CPI category of Philadelphia, Pennsylvania).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Philadelphia, Pennsylvania in 1914. In addition to Philadelphia, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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