According to the U.S. Bureau of Labor Statistics, prices for owners' equivalent rent of residences were 64.67% lower in 1984 versus 2017.
Between 1984 and 2017: Owners' equivalent rent of residences experienced an average inflation rate of 3.20% per year. In other words, owners' equivalent rent of residences costing $20 in the year 1984 would cost $56.62 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 2.63% during this same period, owners' equivalent rent of residences inflation was similar.
In the year 1984: Pricing changed by 4.49%, above the average yearly change for owners' equivalent rent of residences during the 1984-2017 time period. Compared to overall inflation for all items in 1984 (4.12%), price inflation for owners' equivalent rent of residences was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Owners' equivalent rent of residences: