Housing priced at $24.95 in 1983 $74.97 in 2022

Housing Inflation Calculator

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Prices for Housing, 1983-2022 ($24.95)

According to the U.S. Bureau of Labor Statistics, prices for housing are 200.50% higher in 2022 versus 1983 (a $50.02 difference in value).

Between 1983 and 2022: Housing experienced an average inflation rate of 2.86% per year. This rate of change indicates significant inflation. In other words, housing costing $24.95 in the year 1983 would cost $74.97 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.79% during this same period, inflation for housing was higher.

In the year 1983: Pricing changed by 2.67%, which is below the average yearly change for housing during the 1983-2022 time period. Compared to inflation for all items in 1983 (3.21%), inflation for housing was lower.

Price Inflation for Housing since 1967

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (15.69%), 1979 (12.20%), and 1981 (11.51%).

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Buying power of $24.95 since 1983

Below are calculations of equivalent buying power for Housing, over time, for $24.95 beginning in 1983. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1983$24.952.67%
1984$25.994.16%
1985$27.023.96%
1986$27.822.96%
1987$28.663.04%
1988$29.723.70%
1989$30.853.80%
1990$32.254.51%
1991$33.513.93%
1992$34.492.91%
1993$35.422.72%
1994$36.322.51%
1995$37.232.53%
1996$38.332.93%
1997$39.332.62%
1998$40.232.29%
1999$41.112.20%
2000$42.543.46%
2001$44.244.00%
2002$45.222.22%
2003$46.352.52%
2004$47.542.57%
2005$49.093.26%
2006$50.963.80%
2007$52.573.16%
2008$54.243.18%
2009$54.450.37%
2010$54.24-0.37%
2011$54.961.32%
2012$55.871.65%
2013$57.032.08%
2014$58.502.58%
2015$59.712.08%
2016$61.202.48%
2017$63.022.97%
2018$64.842.88%
2019$66.712.89%
2020$68.172.19%
2021$70.413.29%
2022$74.976.47%*

* 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 Housing:

Year19671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI30.79232.02534.00836.36737.98339.45841.17545.80050.63353.74257.40862.43370.05081.04290.36796.88399.467103.608107.708110.892114.267118.500123.000128.550133.600137.492141.225144.775148.442152.792156.792160.375163.900169.575176.350180.258184.800189.542195.717203.158209.583216.255217.058216.254219.104222.714227.350233.215238.060243.975251.231258.478265.944271.774280.719298.894

Adjust housing prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1983 * 1983 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Housing was 99.467 in the year 1983 and 298.894 in 2022:

298.894 / 99.467 * $24.95 = $74.97

Therefore, according to U.S. Bureau of Labor Statistics, $24.95 in 1983 has the same "purchasing power" as $74.97 in 2022 (in the CPI category of Housing).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Housing in 1967. In addition to housing, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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