According to the U.S. Bureau of Labor Statistics, prices in Boston, Massachusetts are 1,809.99% higher in 2024 versus 1923 (a $8,506,936.67 difference in value).
Between 1923 and 2024: Boston experienced an average inflation rate of 2.96% per year. This rate of change indicates significant inflation. In other words, $470,000 in Boston in the year 1923 would cost $8,976,936.67 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.91% during this same period, inflation in Boston was higher.
In the year 1923: Pricing changed by 1.51%, which is below the average yearly change in Boston during the 1923-2024 time period. Compared to inflation for all items in 1923 (1.79%), inflation in Boston was lower.
Below are calculations of equivalent buying power in Boston, over time, for $470,000 beginning in 1923. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1923 | $470,000.00 | 1.51% |
1924 | $473,166.51 | 0.67% |
1925 | $478,368.62 | 1.10% |
1926 | $496,010.59 | 3.69% |
1927 | $490,808.47 | -1.05% |
1928 | $481,308.95 | -1.94% |
1929 | $479,047.16 | -0.47% |
1930 | $475,654.48 | -0.71% |
1931 | $438,787.30 | -7.75% |
1932 | $395,587.10 | -9.85% |
1933 | $369,350.34 | -6.63% |
1934 | $380,885.47 | 3.12% |
1935 | $388,801.73 | 2.08% |
1936 | $391,063.52 | 0.58% |
1937 | $399,884.50 | 2.26% |
1938 | $389,706.45 | -2.55% |
1939 | $383,825.79 | -1.51% |
1940 | $387,444.66 | 0.94% |
1941 | $404,634.26 | 4.44% |
1942 | $447,834.46 | 10.68% |
1943 | $471,357.07 | 5.25% |
1944 | $476,559.19 | 1.10% |
1945 | $486,284.89 | 2.04% |
1946 | $526,092.40 | 8.19% |
1947 | $598,922.04 | 13.84% |
1948 | $648,229.07 | 8.23% |
1949 | $640,312.80 | -1.22% |
1950 | $648,681.42 | 1.31% |
1951 | $692,107.80 | 6.69% |
1952 | $707,261.79 | 2.19% |
1953 | $709,071.22 | 0.26% |
1954 | $711,785.37 | 0.38% |
1955 | $715,178.06 | 0.48% |
1956 | $734,855.63 | 2.75% |
1957 | $760,640.04 | 3.51% |
1958 | $785,067.37 | 3.21% |
1959 | $791,174.21 | 0.78% |
1960 | $806,102.02 | 1.89% |
1961 | $818,315.69 | 1.52% |
1962 | $835,957.65 | 2.16% |
1963 | $852,921.08 | 2.03% |
1964 | $864,456.21 | 1.35% |
1965 | $880,741.10 | 1.88% |
1966 | $907,882.58 | 3.08% |
1967 | $931,631.38 | 2.62% |
1968 | $968,272.38 | 3.93% |
1969 | $1,021,876.80 | 5.54% |
1970 | $1,084,302.21 | 6.11% |
1971 | $1,141,977.86 | 5.32% |
1972 | $1,182,690.09 | 3.57% |
1973 | $1,248,508.18 | 5.57% |
1974 | $1,377,430.22 | 10.33% |
1975 | $1,501,602.50 | 9.01% |
1976 | $1,623,739.17 | 8.13% |
1977 | $1,706,520.69 | 5.10% |
1978 | $1,797,670.84 | 5.34% |
1979 | $1,978,614.05 | 10.07% |
1980 | $2,229,672.76 | 12.69% |
1981 | $2,482,993.26 | 11.36% |
1982 | $2,589,297.40 | 4.28% |
1983 | $2,703,743.98 | 4.42% |
1984 | $2,836,737.25 | 4.92% |
1985 | $2,962,492.78 | 4.43% |
1986 | $3,043,464.87 | 2.73% |
1987 | $3,173,291.63 | 4.27% |
1988 | $3,359,663.14 | 5.87% |
1989 | $3,555,534.17 | 5.83% |
1990 | $3,761,357.07 | 5.79% |
1991 | $3,931,896.05 | 4.53% |
1992 | $4,027,795.96 | 2.44% |
1993 | $4,147,670.84 | 2.98% |
1994 | $4,200,144.37 | 1.27% |
1995 | $4,301,020.21 | 2.40% |
1996 | $4,426,775.75 | 2.92% |
1997 | $4,554,340.71 | 2.88% |
1998 | $4,657,025.99 | 2.25% |
1999 | $4,769,663.14 | 2.42% |
2000 | $4,974,128.97 | 4.29% |
2001 | $5,194,427.33 | 4.43% |
2002 | $5,326,968.24 | 2.55% |
2003 | $5,524,196.34 | 3.70% |
2004 | $5,682,521.66 | 2.87% |
2005 | $5,862,560.15 | 3.17% |
2006 | $6,049,836.38 | 3.19% |
2007 | $6,163,712.99 | 1.88% |
2008 | $6,389,733.69 | 3.67% |
2009 | $6,337,784.89 | -0.81% |
2010 | $6,441,777.48 | 1.64% |
2011 | $6,612,438.59 | 2.65% |
2012 | $6,719,244.85 | 1.62% |
2013 | $6,812,706.54 | 1.39% |
2014 | $6,924,470.64 | 1.64% |
2015 | $6,968,381.04 | 0.63% |
2016 | $7,064,439.27 | 1.38% |
2017 | $7,244,631.57 | 2.55% |
2018 | $7,478,315.21 | 3.23% |
2019 | $7,628,466.41 | 2.01% |
2020 | $7,710,592.01 | 1.08% |
2021 | $7,949,016.36 | 3.09% |
2022 | $8,521,819.25 | 7.21% |
2023 | $8,840,473.82 | 3.74% |
2024 | $8,976,936.67 | 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 |