Elderly care priced at $10,000 in 2015 $12,030.68 in 2022

Elderly Care Inflation Calculator

$

Prices for Elderly Care, 2015-2022 ($10,000)

According to the U.S. Bureau of Labor Statistics, prices for care of invalids and elderly at home are 20.31% higher in 2022 versus 2015 (a $2,030.68 difference in value).

Between 2015 and 2022: Elderly care experienced an average inflation rate of 2.68% per year. This rate of change indicates significant inflation. In other words, elderly care costing $10,000 in the year 2015 would cost $12,030.68 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.90% during this same period, inflation for elderly care was lower.

In the year 2015: Pricing changed by 1.01%, which is below the average yearly change for elderly care during the 2015-2022 time period. Compared to inflation for all items in 2015 (0.12%), inflation for elderly care was higher.

Price Inflation for Care of invalids and elderly at home since 2005

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2021 (7.31%), 2008 (4.57%), and 2020 (3.96%).

View price changes for other categories
Public transportation · Financial services · Boston, Massachusetts · Electricity · More

Buying power of $10,000.00 since 2015

Below are calculations of equivalent buying power for Elderly care, over time, for $10,000 beginning in 2015. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2015$10,000.001.01%
2016$10,226.672.27%
2017$10,149.61-0.75%
2018$10,249.100.98%
2019$10,532.112.76%
2020$10,949.633.96%
2021$11,749.837.31%
2022$12,030.682.39%*
* Not final. See inflation summary for latest details.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Care of invalids and elderly at home:

Year200520062007200820092010201120122013201420152016201720182019202020212022
CPI100.000101.777103.164107.882109.872111.280113.133114.470115.117116.704117.878120.550119.642120.815124.151129.072138.505141.816

Adjust elderly care prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2015 * 2015 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Care of invalids and elderly at home was 117.878 in the year 2015 and 141.816 in 2022:

141.816 / 117.878 * $10,000 = $12,030.68

Therefore, according to U.S. Bureau of Labor Statistics, $10,000 in 2015 has the same "purchasing power" as $12,030.68 in 2022 (in the CPI category of Care of invalids and elderly at home).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Care of invalids and elderly at home in 2005. In addition to elderly care, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation and investment.