According to the U.S. Bureau of Labor Statistics, prices in Boston, Massachusetts are 2,249.42% higher in 2024 versus 1940 (a $11,921,928.70 difference in value).
Between 1940 and 2024: Boston experienced an average inflation rate of 3.83% per year. This rate of change indicates significant inflation. In other words, $530,000 in Boston in the year 1940 would cost $12,451,928.70 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.77% during this same period, inflation in Boston was higher.
In the year 1940: Pricing changed by 0.94%, which is below the average yearly change in Boston during the 1940-2024 time period. Compared to inflation for all items in 1940 (0.72%), inflation in Boston was higher.
Below are calculations of equivalent buying power in Boston, over time, for $530,000 beginning in 1940. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1940 | $530,000.00 | 0.94% |
1941 | $553,514.30 | 4.44% |
1942 | $612,609.46 | 10.68% |
1943 | $644,786.92 | 5.25% |
1944 | $651,903.09 | 1.10% |
1945 | $665,207.24 | 2.04% |
1946 | $719,661.41 | 8.19% |
1947 | $819,287.80 | 13.84% |
1948 | $886,736.72 | 8.23% |
1949 | $875,907.76 | -1.22% |
1950 | $887,355.52 | 1.31% |
1951 | $946,760.07 | 6.69% |
1952 | $967,489.78 | 2.19% |
1953 | $969,964.97 | 0.26% |
1954 | $973,677.76 | 0.38% |
1955 | $978,318.74 | 0.48% |
1956 | $1,005,236.43 | 2.75% |
1957 | $1,040,507.88 | 3.51% |
1958 | $1,073,922.94 | 3.21% |
1959 | $1,082,276.71 | 0.78% |
1960 | $1,102,697.02 | 1.89% |
1961 | $1,119,404.55 | 1.52% |
1962 | $1,143,537.65 | 2.16% |
1963 | $1,166,742.56 | 2.03% |
1964 | $1,182,521.89 | 1.35% |
1965 | $1,204,798.60 | 1.88% |
1966 | $1,241,926.44 | 3.08% |
1967 | $1,274,413.31 | 2.62% |
1968 | $1,324,535.90 | 3.93% |
1969 | $1,397,863.40 | 5.54% |
1970 | $1,483,257.44 | 6.11% |
1971 | $1,562,154.12 | 5.32% |
1972 | $1,617,845.88 | 3.57% |
1973 | $1,707,880.91 | 5.57% |
1974 | $1,884,238.18 | 10.33% |
1975 | $2,054,098.07 | 9.01% |
1976 | $2,221,173.38 | 8.13% |
1977 | $2,334,413.31 | 5.10% |
1978 | $2,459,100.99 | 5.34% |
1979 | $2,706,619.96 | 10.07% |
1980 | $3,050,052.54 | 12.69% |
1981 | $3,396,579.10 | 11.36% |
1982 | $3,541,996.50 | 4.28% |
1983 | $3,698,552.25 | 4.42% |
1984 | $3,880,478.69 | 4.92% |
1985 | $4,052,504.38 | 4.43% |
1986 | $4,163,269.12 | 2.73% |
1987 | $4,340,863.98 | 4.27% |
1988 | $4,595,808.52 | 5.87% |
1989 | $4,863,747.81 | 5.83% |
1990 | $5,145,300.64 | 5.79% |
1991 | $5,378,587.27 | 4.53% |
1992 | $5,509,772.33 | 2.44% |
1993 | $5,673,753.65 | 2.98% |
1994 | $5,745,534.15 | 1.27% |
1995 | $5,883,525.98 | 2.40% |
1996 | $6,055,551.66 | 2.92% |
1997 | $6,230,052.54 | 2.88% |
1998 | $6,370,519.56 | 2.25% |
1999 | $6,524,600.12 | 2.42% |
2000 | $6,804,296.56 | 4.29% |
2001 | $7,105,650.90 | 4.43% |
2002 | $7,286,958.55 | 2.55% |
2003 | $7,556,754.23 | 3.70% |
2004 | $7,773,333.33 | 2.87% |
2005 | $8,019,614.71 | 3.17% |
2006 | $8,275,796.85 | 3.19% |
2007 | $8,431,572.91 | 1.88% |
2008 | $8,740,755.05 | 3.67% |
2009 | $8,669,692.35 | -0.81% |
2010 | $8,811,947.69 | 1.64% |
2011 | $9,045,401.40 | 2.65% |
2012 | $9,191,505.66 | 1.62% |
2013 | $9,319,355.40 | 1.39% |
2014 | $9,472,241.68 | 1.64% |
2015 | $9,532,308.35 | 0.63% |
2016 | $9,663,709.98 | 1.38% |
2017 | $9,910,201.75 | 2.55% |
2018 | $10,229,866.32 | 3.23% |
2019 | $10,435,263.75 | 2.01% |
2020 | $10,547,606.42 | 1.08% |
2021 | $10,873,755.98 | 3.09% |
2022 | $11,657,314.42 | 7.21% |
2023 | $12,093,213.89 | 3.74% |
2024 | $12,451,928.70 | 2.97%* |
* 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 | 335.380 |