Housing priced at $10,000,000 in 1988 $25,385,886.78 in 2022

Housing Inflation Calculator

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Prices for Housing, 1988-2022 ($10,000,000)

According to the U.S. Bureau of Labor Statistics, prices for housing are 153.86% higher in 2022 versus 1988 (a $15,385,886.78 difference in value).

Between 1988 and 2022: Housing experienced an average inflation rate of 2.78% per year. This rate of change indicates significant inflation. In other words, housing costing $10,000,000 in the year 1988 would cost $25,385,886.78 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.70% during this same period, inflation for housing was higher.

In the year 1988: Pricing changed by 3.74%, which is above the average yearly change for housing during the 1988-2022 time period. Compared to inflation for all items in 1988 (4.08%), 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 (15.70%), 1979 (12.17%), and 1981 (11.48%).

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Buying power of $10,000,000.00 since 1988

Below are calculations of equivalent buying power for Housing, over time, for $10,000,000 beginning in 1988. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1988$10,000,000.003.74%
1989$10,381,069.853.81%
1990$10,847,182.554.49%
1991$11,275,642.693.95%
1992$11,604,777.982.92%
1993$11,917,683.722.70%
1994$12,218,255.002.52%
1995$12,528,564.012.54%
1996$12,894,053.492.92%
1997$13,230,978.972.61%
1998$13,533,497.792.29%
1999$13,830,823.162.20%
2000$14,309,270.323.46%
2001$14,883,796.424.02%
2002$15,213,580.892.22%
2003$15,594,650.742.50%
2004$15,995,196.052.57%
2005$16,517,787.593.27%
2006$17,145,546.613.80%
2007$17,687,743.443.16%
2008$18,251,285.383.19%
2009$18,318,229.030.37%
2010$18,250,636.20-0.37%
2011$18,490,788.111.32%
2012$18,795,754.351.65%
2013$19,186,996.882.08%
2014$19,681,894.312.58%
2015$20,090,781.622.08%
2016$20,589,736.432.48%
2017$21,202,135.812.97%
2018$21,813,918.462.89%
2019$22,444,624.772.89%
2020$22,935,912.752.19%
2021$23,690,995.853.29%
2022$25,385,886.787.15%*

* 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
CPI30.78532.03134.00036.40037.98539.46941.16245.80850.63853.76257.42362.46270.06281.06290.36996.89299.485103.615107.731110.915114.215118.492123.008128.531133.608137.508141.215144.777148.454152.785156.777160.362163.885169.554176.362180.269184.785189.531195.723203.162209.586216.264217.057216.256219.102222.715227.351233.215238.060243.973251.229258.478265.952271.773280.720300.803

Adjust housing prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1988 * 1988 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Housing was 118.492 in the year 1988 and 300.803 in 2022:

300.803 / 118.492 * $10,000,000 = $25,385,886.78

Therefore, according to U.S. Bureau of Labor Statistics, $10,000,000 in 1988 has the same "purchasing power" as $25,385,886.78 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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