According to the U.S. Bureau of Labor Statistics, prices in Detroit, Michigan are 1,355.71% higher in 2024 versus 1921 (a $230,470.64 difference in value).
Between 1921 and 2024: Detroit experienced an average inflation rate of 2.63% per year. This rate of change indicates significant inflation. In other words, $17,000 in Detroit in the year 1921 would cost $247,470.64 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.81% during this same period, inflation in Detroit was lower.
In the year 1921: Pricing changed by -9.26%, which is significantly below the average yearly change in Detroit during the 1921-2024 time period. Compared to inflation for all items in 1921 (-10.90%), inflation in Detroit was higher.
Below are calculations of equivalent buying power in Detroit, over time, for $17,000 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 | $17,000.00 | -9.26% |
1922 | $15,192.57 | -10.63% |
1923 | $15,642.61 | 2.96% |
1924 | $15,722.46 | 0.51% |
1925 | $15,816.82 | 0.60% |
1926 | $16,085.40 | 1.70% |
1927 | $15,816.82 | -1.67% |
1928 | $15,265.16 | -3.49% |
1929 | $15,250.64 | -0.10% |
1930 | $14,996.58 | -1.67% |
1931 | $13,225.45 | -11.81% |
1932 | $11,541.42 | -12.73% |
1933 | $10,380.02 | -10.06% |
1934 | $10,967.98 | 5.66% |
1935 | $11,555.94 | 5.36% |
1936 | $12,042.27 | 4.21% |
1937 | $12,724.59 | 5.67% |
1938 | $12,659.27 | -0.51% |
1939 | $12,223.74 | -3.44% |
1940 | $12,296.33 | 0.59% |
1941 | $13,065.76 | 6.26% |
1942 | $14,510.25 | 11.06% |
1943 | $15,301.45 | 5.45% |
1944 | $15,504.70 | 1.33% |
1945 | $15,918.45 | 2.67% |
1946 | $17,304.87 | 8.71% |
1947 | $19,722.03 | 13.97% |
1948 | $21,311.70 | 8.06% |
1949 | $21,035.87 | -1.29% |
1950 | $21,384.29 | 1.66% |
1951 | $23,061.06 | 7.84% |
1952 | $23,641.76 | 2.52% |
1953 | $24,062.77 | 1.78% |
1954 | $24,149.87 | 0.36% |
1955 | $24,106.32 | -0.18% |
1956 | $24,556.36 | 1.87% |
1957 | $25,274.98 | 2.93% |
1958 | $25,623.40 | 1.38% |
1959 | $25,616.14 | -0.03% |
1960 | $25,826.64 | 0.82% |
1961 | $25,971.82 | 0.56% |
1962 | $26,051.67 | 0.31% |
1963 | $26,305.72 | 0.98% |
1964 | $26,523.48 | 0.83% |
1965 | $27,133.22 | 2.30% |
1966 | $28,338.17 | 4.44% |
1967 | $29,289.07 | 3.36% |
1968 | $30,552.09 | 4.31% |
1969 | $32,410.33 | 6.08% |
1970 | $34,413.75 | 6.18% |
1971 | $35,669.51 | 3.65% |
1972 | $36,990.61 | 3.70% |
1973 | $39,400.51 | 6.51% |
1974 | $43,668.66 | 10.83% |
1975 | $46,920.58 | 7.45% |
1976 | $49,468.40 | 5.43% |
1977 | $52,865.50 | 6.87% |
1978 | $56,879.59 | 7.59% |
1979 | $64,109.31 | 12.71% |
1980 | $74,300.60 | 15.90% |
1981 | $81,196.41 | 9.28% |
1982 | $84,484.63 | 4.05% |
1983 | $86,894.53 | 2.85% |
1984 | $89,935.95 | 3.50% |
1985 | $93,064.47 | 3.48% |
1986 | $94,363.79 | 1.40% |
1987 | $97,223.74 | 3.03% |
1988 | $100,918.45 | 3.80% |
1989 | $106,275.41 | 5.31% |
1990 | $111,741.25 | 5.14% |
1991 | $115,820.67 | 3.65% |
1992 | $118,252.35 | 2.10% |
1993 | $121,446.20 | 2.70% |
1994 | $125,278.82 | 3.16% |
1995 | $129,234.84 | 3.16% |
1996 | $132,733.56 | 2.71% |
1997 | $136,014.52 | 2.47% |
1998 | $139,026.90 | 2.21% |
1999 | $142,649.02 | 2.61% |
2000 | $147,664.82 | 3.52% |
2001 | $151,853.12 | 2.84% |
2002 | $155,642.19 | 2.50% |
2003 | $158,937.66 | 2.12% |
2004 | $161,376.60 | 1.53% |
2005 | $165,985.91 | 2.86% |
2006 | $171,074.30 | 3.07% |
2007 | $174,185.76 | 1.82% |
2008 | $178,430.32 | 2.44% |
2009 | $177,042.51 | -0.78% |
2010 | $178,548.92 | 0.85% |
2011 | $184,196.74 | 3.16% |
2012 | $188,108.12 | 2.12% |
2013 | $191,120.36 | 1.60% |
2014 | $193,191.14 | 1.08% |
2015 | $190,644.69 | -1.32% |
2016 | $193,428.42 | 1.46% |
2017 | $197,361.29 | 2.03% |
2018 | $202,210.35 | 2.46% |
2019 | $204,886.87 | 1.32% |
2020 | $206,973.26 | 1.02% |
2021 | $215,533.22 | 4.14% |
2022 | $233,222.94 | 8.21% |
2023 | $245,915.09 | 5.44% |
2024 | $247,470.64 | 0.63%* |
* 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 Detroit, Michigan:
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 | 9.700 | 9.733 | 10.233 | 11.917 | 14.525 | 17.642 | 21.508 | 19.517 | 17.442 | 17.958 | 18.050 | 18.158 | 18.467 | 18.158 | 17.525 | 17.508 | 17.217 | 15.183 | 13.250 | 11.917 | 12.592 | 13.267 | 13.825 | 14.608 | 14.533 | 14.033 | 14.117 | 15.000 | 16.658 | 17.567 | 17.800 | 18.275 | 19.867 | 22.642 | 24.467 | 24.150 | 24.550 | 26.475 | 27.142 | 27.625 | 27.725 | 27.675 | 28.192 | 29.017 | 29.417 | 29.408 | 29.650 | 29.817 | 29.908 | 30.200 | 30.450 | 31.150 | 32.533 | 33.625 | 35.075 | 37.208 | 39.508 | 40.950 | 42.467 | 45.233 | 50.133 | 53.867 | 56.792 | 60.692 | 65.300 | 73.600 | 85.300 | 93.217 | 96.992 | 99.758 | 103.250 | 106.842 | 108.333 | 111.617 | 115.858 | 122.008 | 128.283 | 132.967 | 135.758 | 139.425 | 143.825 | 148.367 | 152.383 | 156.150 | 159.608 | 163.767 | 169.525 | 174.333 | 178.683 | 182.467 | 185.267 | 190.558 | 196.400 | 199.972 | 204.845 | 203.252 | 204.981 | 211.465 | 215.956 | 219.414 | 221.791 | 218.868 | 222.063 | 226.578 | 232.145 | 235.218 | 237.613 | 247.441 | 267.749 | 282.320 | 284.106 |