According to the U.S. Bureau of Labor Statistics, prices in Boston, Massachusetts are 2,972.70% higher in 2024 versus 1916 (a $832,355.87 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, $28,000 in Boston in the year 1916 would cost $860,355.87 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 $28,000 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 | $28,000.00 | 2.85% |
1917 | $31,775.04 | 13.48% |
1918 | $37,426.81 | 17.79% |
1919 | $45,386.75 | 21.27% |
1920 | $53,217.26 | 17.25% |
1921 | $48,449.92 | -8.96% |
1922 | $44,157.16 | -8.86% |
1923 | $44,825.89 | 1.51% |
1924 | $45,127.89 | 0.67% |
1925 | $45,624.04 | 1.10% |
1926 | $47,306.63 | 3.69% |
1927 | $46,810.48 | -1.05% |
1928 | $45,904.47 | -1.94% |
1929 | $45,688.75 | -0.47% |
1930 | $45,365.18 | -0.71% |
1931 | $41,849.00 | -7.75% |
1932 | $37,728.81 | -9.85% |
1933 | $35,226.50 | -6.63% |
1934 | $36,326.66 | 3.12% |
1935 | $37,081.66 | 2.08% |
1936 | $37,297.38 | 0.58% |
1937 | $38,138.67 | 2.26% |
1938 | $37,167.95 | -2.55% |
1939 | $36,607.09 | -1.51% |
1940 | $36,952.23 | 0.94% |
1941 | $38,591.68 | 4.44% |
1942 | $42,711.86 | 10.68% |
1943 | $44,955.32 | 5.25% |
1944 | $45,451.46 | 1.10% |
1945 | $46,379.04 | 2.04% |
1946 | $50,175.65 | 8.19% |
1947 | $57,121.73 | 13.84% |
1948 | $61,824.35 | 8.23% |
1949 | $61,069.34 | -1.22% |
1950 | $61,867.49 | 1.31% |
1951 | $66,009.24 | 6.69% |
1952 | $67,454.55 | 2.19% |
1953 | $67,627.12 | 0.26% |
1954 | $67,885.98 | 0.38% |
1955 | $68,209.55 | 0.48% |
1956 | $70,086.29 | 2.75% |
1957 | $72,545.45 | 3.51% |
1958 | $74,875.19 | 3.21% |
1959 | $75,457.63 | 0.78% |
1960 | $76,881.36 | 1.89% |
1961 | $78,046.22 | 1.52% |
1962 | $79,728.81 | 2.16% |
1963 | $81,346.69 | 2.03% |
1964 | $82,446.84 | 1.35% |
1965 | $84,000.00 | 1.88% |
1966 | $86,588.60 | 3.08% |
1967 | $88,853.62 | 2.62% |
1968 | $92,348.23 | 3.93% |
1969 | $97,460.71 | 5.54% |
1970 | $103,414.48 | 6.11% |
1971 | $108,915.25 | 5.32% |
1972 | $112,798.15 | 3.57% |
1973 | $119,075.50 | 5.57% |
1974 | $131,371.34 | 10.33% |
1975 | $143,214.18 | 9.01% |
1976 | $154,862.87 | 8.13% |
1977 | $162,758.09 | 5.10% |
1978 | $171,451.46 | 5.34% |
1979 | $188,708.78 | 10.07% |
1980 | $212,653.31 | 12.69% |
1981 | $236,813.56 | 11.36% |
1982 | $246,952.23 | 4.28% |
1983 | $257,867.49 | 4.42% |
1984 | $270,551.62 | 4.92% |
1985 | $282,545.45 | 4.43% |
1986 | $290,268.10 | 2.73% |
1987 | $302,650.23 | 4.27% |
1988 | $320,425.27 | 5.87% |
1989 | $339,106.32 | 5.83% |
1990 | $358,736.52 | 5.79% |
1991 | $375,001.54 | 4.53% |
1992 | $384,147.92 | 2.44% |
1993 | $395,580.89 | 2.98% |
1994 | $400,585.52 | 1.27% |
1995 | $410,206.47 | 2.40% |
1996 | $422,200.31 | 2.92% |
1997 | $434,366.72 | 2.88% |
1998 | $444,160.25 | 2.25% |
1999 | $454,902.93 | 2.42% |
2000 | $474,403.70 | 4.29% |
2001 | $495,414.48 | 4.43% |
2002 | $508,055.47 | 2.55% |
2003 | $526,865.95 | 3.70% |
2004 | $541,966.10 | 2.87% |
2005 | $559,137.13 | 3.17% |
2006 | $576,998.46 | 3.19% |
2007 | $587,859.35 | 1.88% |
2008 | $609,415.90 | 3.67% |
2009 | $604,461.33 | -0.81% |
2010 | $614,379.54 | 1.64% |
2011 | $630,656.21 | 2.65% |
2012 | $640,842.77 | 1.62% |
2013 | $649,756.61 | 1.39% |
2014 | $660,416.02 | 1.64% |
2015 | $664,603.94 | 0.63% |
2016 | $673,765.42 | 1.38% |
2017 | $690,951.12 | 2.55% |
2018 | $713,238.52 | 3.23% |
2019 | $727,559.08 | 2.01% |
2020 | $735,391.74 | 1.08% |
2021 | $758,131.28 | 3.09% |
2022 | $812,761.91 | 7.21% |
2023 | $843,153.34 | 3.74% |
2024 | $860,355.87 | 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 |