According to the U.S. Bureau of Labor Statistics, prices in Boston, Massachusetts are 2,972.70% higher in 2024 versus 1916 (a $7,134,478.89 difference in value).
Between 1916 and 2024: Boston experienced an average inflation rate of 3.22% per year. This rate of change indicates significant inflation. In other words, $240,000 in Boston in the year 1916 would cost $7,374,478.89 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.15% during this same period, inflation in Boston was higher.
In the year 1916: Pricing changed by 2.85%, which is below the average yearly change in Boston during the 1916-2024 time period. Compared to inflation for all items in 1916 (7.69%), inflation in Boston was much lower.
Below are calculations of equivalent buying power in Boston, over time, for $240,000 beginning in 1916. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1916 | $240,000.00 | 2.85% |
1917 | $272,357.47 | 13.48% |
1918 | $320,801.23 | 17.79% |
1919 | $389,029.28 | 21.27% |
1920 | $456,147.92 | 17.25% |
1921 | $415,285.05 | -8.96% |
1922 | $378,489.98 | -8.86% |
1923 | $384,221.88 | 1.51% |
1924 | $386,810.48 | 0.67% |
1925 | $391,063.17 | 1.10% |
1926 | $405,485.36 | 3.69% |
1927 | $401,232.67 | -1.05% |
1928 | $393,466.87 | -1.94% |
1929 | $391,617.87 | -0.47% |
1930 | $388,844.38 | -0.71% |
1931 | $358,705.70 | -7.75% |
1932 | $323,389.83 | -9.85% |
1933 | $301,941.45 | -6.63% |
1934 | $311,371.34 | 3.12% |
1935 | $317,842.84 | 2.08% |
1936 | $319,691.83 | 0.58% |
1937 | $326,902.93 | 2.26% |
1938 | $318,582.43 | -2.55% |
1939 | $313,775.04 | -1.51% |
1940 | $316,733.44 | 0.94% |
1941 | $330,785.82 | 4.44% |
1942 | $366,101.69 | 10.68% |
1943 | $385,331.28 | 5.25% |
1944 | $389,583.98 | 1.10% |
1945 | $397,534.67 | 2.04% |
1946 | $430,077.04 | 8.19% |
1947 | $489,614.79 | 13.84% |
1948 | $529,922.96 | 8.23% |
1949 | $523,451.46 | -1.22% |
1950 | $530,292.76 | 1.31% |
1951 | $565,793.53 | 6.69% |
1952 | $578,181.82 | 2.19% |
1953 | $579,661.02 | 0.26% |
1954 | $581,879.82 | 0.38% |
1955 | $584,653.31 | 0.48% |
1956 | $600,739.60 | 2.75% |
1957 | $621,818.18 | 3.51% |
1958 | $641,787.37 | 3.21% |
1959 | $646,779.66 | 0.78% |
1960 | $658,983.05 | 1.89% |
1961 | $668,967.64 | 1.52% |
1962 | $683,389.83 | 2.16% |
1963 | $697,257.32 | 2.03% |
1964 | $706,687.21 | 1.35% |
1965 | $720,000.00 | 1.88% |
1966 | $742,187.98 | 3.08% |
1967 | $761,602.47 | 2.62% |
1968 | $791,556.24 | 3.93% |
1969 | $835,377.50 | 5.54% |
1970 | $886,409.86 | 6.11% |
1971 | $933,559.32 | 5.32% |
1972 | $966,841.29 | 3.57% |
1973 | $1,020,647.15 | 5.57% |
1974 | $1,126,040.06 | 10.33% |
1975 | $1,227,550.08 | 9.01% |
1976 | $1,327,395.99 | 8.13% |
1977 | $1,395,069.34 | 5.10% |
1978 | $1,469,583.98 | 5.34% |
1979 | $1,617,503.85 | 10.07% |
1980 | $1,822,742.68 | 12.69% |
1981 | $2,029,830.51 | 11.36% |
1982 | $2,116,733.44 | 4.28% |
1983 | $2,210,292.76 | 4.42% |
1984 | $2,319,013.87 | 4.92% |
1985 | $2,421,818.18 | 4.43% |
1986 | $2,488,012.33 | 2.73% |
1987 | $2,594,144.84 | 4.27% |
1988 | $2,746,502.31 | 5.87% |
1989 | $2,906,625.58 | 5.83% |
1990 | $3,074,884.44 | 5.79% |
1991 | $3,214,298.92 | 4.53% |
1992 | $3,292,696.46 | 2.44% |
1993 | $3,390,693.37 | 2.98% |
1994 | $3,433,590.14 | 1.27% |
1995 | $3,516,055.47 | 2.40% |
1996 | $3,618,859.78 | 2.92% |
1997 | $3,723,143.30 | 2.88% |
1998 | $3,807,087.83 | 2.25% |
1999 | $3,899,167.95 | 2.42% |
2000 | $4,066,317.41 | 4.29% |
2001 | $4,246,409.86 | 4.43% |
2002 | $4,354,761.17 | 2.55% |
2003 | $4,515,993.84 | 3.70% |
2004 | $4,645,423.73 | 2.87% |
2005 | $4,792,604.01 | 3.17% |
2006 | $4,945,701.08 | 3.19% |
2007 | $5,038,794.45 | 1.88% |
2008 | $5,223,564.87 | 3.67% |
2009 | $5,181,097.07 | -0.81% |
2010 | $5,266,110.32 | 1.64% |
2011 | $5,405,624.65 | 2.65% |
2012 | $5,492,938.06 | 1.62% |
2013 | $5,569,342.37 | 1.39% |
2014 | $5,660,708.78 | 1.64% |
2015 | $5,696,605.24 | 0.63% |
2016 | $5,775,132.20 | 1.38% |
2017 | $5,922,438.21 | 2.55% |
2018 | $6,113,473.04 | 3.23% |
2019 | $6,236,220.65 | 2.01% |
2020 | $6,303,357.78 | 1.08% |
2021 | $6,498,268.10 | 3.09% |
2022 | $6,966,530.66 | 7.21% |
2023 | $7,227,028.66 | 3.74% |
2024 | $7,374,478.89 | 2.04%* |
* 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:
Year | 1914 | 1915 | 1916 | 1917 | 1918 | 1919 | 1920 | 1921 | 1922 | 1923 | 1924 | 1925 | 1926 | 1927 | 1928 | 1929 | 1930 | 1931 | 1932 | 1933 | 1934 | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 | 1949 | 1950 | 1951 | 1952 | 1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
CPI | 10.500 | 10.517 | 10.817 | 12.275 | 14.458 | 17.533 | 20.558 | 18.717 | 17.058 | 17.317 | 17.433 | 17.625 | 18.275 | 18.083 | 17.733 | 17.650 | 17.525 | 16.167 | 14.575 | 13.608 | 14.033 | 14.325 | 14.408 | 14.733 | 14.358 | 14.142 | 14.275 | 14.908 | 16.500 | 17.367 | 17.558 | 17.917 | 19.383 | 22.067 | 23.883 | 23.592 | 23.900 | 25.500 | 26.058 | 26.125 | 26.225 | 26.350 | 27.075 | 28.025 | 28.925 | 29.150 | 29.700 | 30.150 | 30.800 | 31.425 | 31.850 | 32.450 | 33.450 | 34.325 | 35.675 | 37.650 | 39.950 | 42.075 | 43.575 | 46.000 | 50.750 | 55.325 | 59.825 | 62.875 | 66.233 | 72.900 | 82.150 | 91.483 | 95.400 | 99.617 | 104.517 | 109.150 | 112.133 | 116.917 | 123.783 | 131.000 | 138.583 | 144.867 | 148.400 | 152.817 | 154.750 | 158.467 | 163.100 | 167.800 | 171.583 | 175.733 | 183.267 | 191.383 | 196.267 | 203.533 | 209.367 | 216.000 | 222.900 | 227.096 | 235.423 | 233.509 | 237.341 | 243.629 | 247.564 | 251.007 | 255.125 | 256.743 | 260.282 | 266.921 | 275.531 | 281.063 | 284.089 | 292.873 | 313.978 | 325.718 | 332.364 |