Boston, Massachusetts prices: $20 in 1914 $633.07 in 2024

Inflation in Massachusetts

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Prices in Boston, 1914-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices in Boston, Massachusetts are 3,065.37% higher in 2024 versus 1914 (a $613.07 difference in value).

Between 1914 and 2024: Boston experienced an average inflation rate of 3.19% per year. This rate of change indicates significant inflation. In other words, $20 in Boston in the year 1914 would cost $633.07 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.17% during this same period, inflation in Boston was higher.

Price Inflation in Boston, Massachusetts since 1914

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1919 (21.27%), 1918 (17.79%), and 1920 (17.25%).

View price changes for other categories
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Buying power of $20.00 since 1914

Below are calculations of equivalent buying power in Boston, over time, for $20 beginning in 1914. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1914$20.00-
1915$20.030.16%
1916$20.602.85%
1917$23.3813.48%
1918$27.5417.79%
1919$33.4021.27%
1920$39.1617.25%
1921$35.65-8.96%
1922$32.49-8.86%
1923$32.981.51%
1924$33.210.67%
1925$33.571.10%
1926$34.813.69%
1927$34.44-1.05%
1928$33.78-1.94%
1929$33.62-0.47%
1930$33.38-0.71%
1931$30.79-7.75%
1932$27.76-9.85%
1933$25.92-6.63%
1934$26.733.12%
1935$27.292.08%
1936$27.440.58%
1937$28.062.26%
1938$27.35-2.55%
1939$26.94-1.51%
1940$27.190.94%
1941$28.404.44%
1942$31.4310.68%
1943$33.085.25%
1944$33.441.10%
1945$34.132.04%
1946$36.928.19%
1947$42.0313.84%
1948$45.498.23%
1949$44.94-1.22%
1950$45.521.31%
1951$48.576.69%
1952$49.632.19%
1953$49.760.26%
1954$49.950.38%
1955$50.190.48%
1956$51.572.75%
1957$53.383.51%
1958$55.103.21%
1959$55.520.78%
1960$56.571.89%
1961$57.431.52%
1962$58.672.16%
1963$59.862.03%
1964$60.671.35%
1965$61.811.88%
1966$63.713.08%
1967$65.382.62%
1968$67.953.93%
1969$71.715.54%
1970$76.106.11%
1971$80.145.32%
1972$83.003.57%
1973$87.625.57%
1974$96.6710.33%
1975$105.389.01%
1976$113.958.13%
1977$119.765.10%
1978$126.165.34%
1979$138.8610.07%
1980$156.4812.69%
1981$174.2511.36%
1982$181.714.28%
1983$189.754.42%
1984$199.084.92%
1985$207.904.43%
1986$213.592.73%
1987$222.704.27%
1988$235.785.87%
1989$249.525.83%
1990$263.975.79%
1991$275.944.53%
1992$282.672.44%
1993$291.082.98%
1994$294.761.27%
1995$301.842.40%
1996$310.672.92%
1997$319.622.88%
1998$326.832.25%
1999$334.732.42%
2000$349.084.29%
2001$364.544.43%
2002$373.842.55%
2003$387.683.70%
2004$398.792.87%
2005$411.433.17%
2006$424.573.19%
2007$432.561.88%
2008$448.433.67%
2009$444.78-0.81%
2010$452.081.64%
2011$464.052.65%
2012$471.551.62%
2013$478.111.39%
2014$485.951.64%
2015$489.030.63%
2016$495.781.38%
2017$508.422.55%
2018$524.823.23%
2019$535.362.01%
2020$541.121.08%
2021$557.853.09%
2022$598.057.21%
2023$620.423.74%
2024$633.072.04%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.


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

Year191419151916191719181919192019211922192319241925192619271928192919301931193219331934193519361937193819391940194119421943194419451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI10.50010.51710.81712.27514.45817.53320.55818.71717.05817.31717.43317.62518.27518.08317.73317.65017.52516.16714.57513.60814.03314.32514.40814.73314.35814.14214.27514.90816.50017.36717.55817.91719.38322.06723.88323.59223.90025.50026.05826.12526.22526.35027.07528.02528.92529.15029.70030.15030.80031.42531.85032.45033.45034.32535.67537.65039.95042.07543.57546.00050.75055.32559.82562.87566.23372.90082.15091.48395.40099.617104.517109.150112.133116.917123.783131.000138.583144.867148.400152.817154.750158.467163.100167.800171.583175.733183.267191.383196.267203.533209.367216.000222.900227.096235.423233.509237.341243.629247.564251.007255.125256.743260.282266.921275.531281.063284.089292.873313.978325.718332.364

Adjust Boston prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1914 * 1914 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Boston, Massachusetts was 10.500 in the year 1914 and 332.364 in 2024:

332.364 / 10.500 * $20 = $633.07

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1914 has the same "purchasing power" as $633.07 in 2024 (in the CPI category of Boston, Massachusetts).


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

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