According to the U.S. Bureau of Labor Statistics, prices for owners' equivalent rent of residences were 66.26% lower in 1983 versus 2017.
Between 1983 and 2017: Owners' equivalent rent of residences experienced an average inflation rate of 3.25% per year. In other words, owners' equivalent rent of residences costing $20 in the year 1983 would cost $59.28 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 2.68% during this same period, owners' equivalent rent of residences inflation was similar.
In the year 1983: Pricing changed by 2.43%, below the average yearly change for owners' equivalent rent of residences during the 1983-2017 time period. Compared to overall inflation for all items in 1983 (3.11%), price inflation for owners' equivalent rent of residences was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Owners' equivalent rent of residences: