According to the U.S. Bureau of Labor Statistics, prices for owners' equivalent rent of residences were 197.24% higher in 2017 versus 1983.
Between 1983 and 2017: Owners' equivalent rent of residences experienced an average inflation rate of 3.26% per year. This rate of change indicates significant inflation. In other words, owners' equivalent rent of residences costing $20 in the year 1983 would cost $59.45 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 2.68% during this same period, inflation for owners' equivalent rent of residences was similar.
In the year 1983: Pricing changed by 2.49%, below the average yearly change for owners' equivalent rent of residences during the 1983-2017 time period. Compared to inflation for all items in 1983 (3.21%), 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: