According to the U.S. Bureau of Labor Statistics, prices in Boston, Massachusetts are 1,667.12% higher in 2024 versus 1921 (a $12,336,689.58 difference in value).
Between 1921 and 2024: Boston experienced an average inflation rate of 2.83% per year. This rate of change indicates significant inflation. In other words, $740,000 in Boston in the year 1921 would cost $13,076,689.58 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.81% during this same period, inflation in Boston was higher.
In the year 1921: Pricing changed by -8.96%, which is significantly below the average yearly change in Boston during the 1921-2024 time period. Compared to inflation for all items in 1921 (-10.90%), inflation in Boston was higher.
Below are calculations of equivalent buying power in Boston, over time, for $740,000 beginning in 1921. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1921 | $740,000.00 | -8.96% |
1922 | $674,434.55 | -8.86% |
1923 | $684,648.26 | 1.51% |
1924 | $689,260.91 | 0.67% |
1925 | $696,838.82 | 1.10% |
1926 | $722,537.85 | 3.69% |
1927 | $714,959.93 | -1.05% |
1928 | $701,121.99 | -1.94% |
1929 | $697,827.25 | -0.47% |
1930 | $692,885.13 | -0.71% |
1931 | $639,180.77 | -7.75% |
1932 | $576,251.11 | -9.85% |
1933 | $538,032.06 | -6.63% |
1934 | $554,835.26 | 3.12% |
1935 | $566,366.87 | 2.08% |
1936 | $569,661.62 | 0.58% |
1937 | $582,511.13 | 2.26% |
1938 | $567,684.77 | -2.55% |
1939 | $559,118.43 | -1.51% |
1940 | $564,390.03 | 0.94% |
1941 | $589,430.10 | 4.44% |
1942 | $652,359.75 | 10.68% |
1943 | $686,625.11 | 5.25% |
1944 | $694,203.03 | 1.10% |
1945 | $708,370.44 | 2.04% |
1946 | $766,357.97 | 8.19% |
1947 | $872,448.80 | 13.84% |
1948 | $944,274.27 | 8.23% |
1949 | $932,742.65 | -1.22% |
1950 | $944,933.21 | 1.31% |
1951 | $1,008,192.34 | 6.69% |
1952 | $1,030,267.14 | 2.19% |
1953 | $1,032,902.94 | 0.26% |
1954 | $1,036,856.63 | 0.38% |
1955 | $1,041,798.75 | 0.48% |
1956 | $1,070,463.05 | 2.75% |
1957 | $1,108,023.15 | 3.51% |
1958 | $1,143,606.41 | 3.21% |
1959 | $1,152,502.23 | 0.78% |
1960 | $1,174,247.55 | 1.89% |
1961 | $1,192,039.18 | 1.52% |
1962 | $1,217,738.20 | 2.16% |
1963 | $1,242,448.80 | 2.03% |
1964 | $1,259,252.00 | 1.35% |
1965 | $1,282,974.18 | 1.88% |
1966 | $1,322,511.13 | 3.08% |
1967 | $1,357,105.97 | 2.62% |
1968 | $1,410,480.85 | 3.93% |
1969 | $1,488,566.34 | 5.54% |
1970 | $1,579,501.34 | 6.11% |
1971 | $1,663,517.36 | 5.32% |
1972 | $1,722,822.80 | 3.57% |
1973 | $1,818,699.91 | 5.57% |
1974 | $2,006,500.45 | 10.33% |
1975 | $2,187,382.01 | 9.01% |
1976 | $2,365,298.31 | 8.13% |
1977 | $2,485,886.02 | 5.10% |
1978 | $2,618,664.29 | 5.34% |
1979 | $2,882,243.99 | 10.07% |
1980 | $3,247,960.82 | 12.69% |
1981 | $3,616,972.40 | 11.36% |
1982 | $3,771,825.47 | 4.28% |
1983 | $3,938,539.63 | 4.42% |
1984 | $4,132,270.70 | 4.92% |
1985 | $4,315,458.59 | 4.43% |
1986 | $4,433,410.51 | 2.73% |
1987 | $4,622,528.94 | 4.27% |
1988 | $4,894,016.03 | 5.87% |
1989 | $5,179,341.05 | 5.83% |
1990 | $5,479,162.96 | 5.79% |
1991 | $5,727,586.82 | 4.53% |
1992 | $5,867,284.06 | 2.44% |
1993 | $6,041,905.61 | 2.98% |
1994 | $6,118,343.72 | 1.27% |
1995 | $6,265,289.40 | 2.40% |
1996 | $6,448,477.29 | 2.92% |
1997 | $6,634,300.98 | 2.88% |
1998 | $6,783,882.46 | 2.25% |
1999 | $6,947,960.82 | 2.42% |
2000 | $7,245,805.88 | 4.29% |
2001 | $7,566,714.16 | 4.43% |
2002 | $7,759,786.29 | 2.55% |
2003 | $8,047,088.16 | 3.70% |
2004 | $8,277,720.39 | 2.87% |
2005 | $8,539,982.19 | 3.17% |
2006 | $8,812,787.18 | 3.19% |
2007 | $8,978,671.06 | 1.88% |
2008 | $9,307,915.05 | 3.67% |
2009 | $9,232,241.32 | -0.81% |
2010 | $9,383,727.16 | 1.64% |
2011 | $9,632,328.94 | 2.65% |
2012 | $9,787,913.45 | 1.62% |
2013 | $9,924,058.95 | 1.39% |
2014 | $10,086,865.54 | 1.64% |
2015 | $10,150,829.74 | 0.63% |
2016 | $10,290,757.61 | 1.38% |
2017 | $10,553,243.46 | 2.55% |
2018 | $10,893,650.04 | 3.23% |
2019 | $11,112,375.07 | 2.01% |
2020 | $11,232,007.30 | 1.08% |
2021 | $11,579,319.68 | 3.09% |
2022 | $12,413,720.75 | 7.21% |
2023 | $12,877,904.36 | 3.74% |
2024 | $13,076,689.58 | 1.54%* |
* 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 | 330.746 |