Houston, Texas prices: $20,000 in 2002 $34,114.57 in 2024

Inflation in Texas

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Prices in Houston, 2002-2024 ($20,000)

According to the U.S. Bureau of Labor Statistics, prices in Houston, Texas are 70.57% higher in 2024 versus 2002 (a $14,114.57 difference in value).

Between 2002 and 2024: Houston experienced an average inflation rate of 2.46% per year. This rate of change indicates significant inflation. In other words, $20,000 in Houston in the year 2002 would cost $34,114.57 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.50% during this same period, inflation in Houston was lower.

In the year 2002: Pricing changed by 0.26%, which is below the average yearly change in Houston during the 2002-2024 time period. Compared to inflation for all items in 2002 (1.59%), inflation in Houston was lower.

Price Inflation in Houston, Texas since 1914

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1919 (21.91%), 1918 (21.04%), and 1947 (17.55%).

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Buying power of $20,000.00 since 2002

Below are calculations of equivalent buying power in Houston, over time, for $20,000 beginning in 2002. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2002$20,000.000.26%
2003$20,550.872.75%
2004$21,269.313.50%
2005$22,036.973.61%
2006$22,690.472.97%
2007$23,066.891.66%
2008$23,875.963.51%
2009$23,914.210.16%
2010$24,383.881.96%
2011$25,165.803.21%
2012$25,653.941.94%
2013$26,048.331.54%
2014$26,802.252.89%
2015$26,776.80-0.09%
2016$27,176.041.49%
2017$27,728.942.03%
2018$28,395.232.40%
2019$28,748.101.24%
2020$28,776.700.10%
2021$29,978.944.18%
2022$32,458.518.27%
2023$33,612.853.56%
2024$34,114.571.49%*

* 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 Houston, Texas:

Year191419151916191719181919192019211922192319241925192619271928192919301931193219331934193519361937193819391940194119421943194419451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI9.5009.5009.61711.09213.42516.36719.13317.45015.90815.89215.84216.08316.16715.83315.63315.61715.50814.14212.70811.68312.22512.69212.83313.31713.30813.19213.22513.80015.24216.05016.20016.54217.85020.98322.73322.66723.35025.21725.52525.79225.83325.60025.99226.85027.31727.50827.82527.92528.48328.72529.16729.51730.30031.10032.35034.45036.27537.62538.92540.97545.55051.10054.97558.95064.51773.08382.40090.64297.15099.917102.525104.825103.983106.308109.383113.917120.242124.967128.992133.150137.808139.708142.608145.300146.758148.583153.958158.725159.142163.525169.242175.350180.550183.545189.983190.287194.025200.246204.130207.269213.268213.065216.242220.641225.943228.751228.979238.545258.275267.460271.452

Adjust Houston prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2002 * 2002 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Houston, Texas was 159.142 in the year 2002 and 271.452 in 2024:

271.452 / 159.142 * $20,000 = $34,114.57

Therefore, according to U.S. Bureau of Labor Statistics, $20,000 in 2002 has the same "purchasing power" as $34,114.57 in 2024 (in the CPI category of Houston, Texas).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Houston, Texas in 1914. In addition to Houston, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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