Legal services priced at $10,000 in 1987 $38,448.79 in 2022

Legal Services Inflation Calculator

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Prices for Legal Services, 1987-2022 ($10,000)

According to the U.S. Bureau of Labor Statistics, prices for legal services are 284.49% higher in 2022 versus 1987 (a $28,448.79 difference in value).

Between 1987 and 2022: Legal services experienced an average inflation rate of 3.92% per year. This rate of change indicates significant inflation. In other words, legal services costing $10,000 in the year 1987 would cost $38,448.79 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.73% during this same period, inflation for legal services was higher.

In the year 1987: Pricing changed by 3.44%, which is below the average yearly change for legal services during the 1987-2022 time period. Compared to inflation for all items in 1987 (3.66%), inflation for legal services was lower.

Price Inflation for Legal services since 1986

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1990 (7.40%), 2022 (6.23%), and 1989 (5.99%).

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Buying power of $10,000.00 since 1987

Below are calculations of equivalent buying power for Legal services, over time, for $10,000 beginning in 1987. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1987$10,000.003.44%
1988$10,408.274.08%
1989$11,032.205.99%
1990$11,848.747.40%
1991$12,526.965.72%
1992$13,168.745.12%
1993$13,723.514.21%
1994$14,188.293.39%
1995$14,659.033.32%
1996$15,186.293.60%
1997$15,837.734.29%
1998$16,596.274.79%
1999$17,399.424.84%
2000$18,304.455.20%
2001$19,283.865.35%
2002$20,403.815.81%
2003$21,433.785.05%
2004$22,454.084.76%
2005$23,371.764.09%
2006$24,169.703.41%
2007$25,162.134.11%
2008$26,172.664.02%
2009$26,890.012.74%
2010$27,855.203.59%
2011$28,754.033.23%
2012$29,337.702.03%
2013$30,145.172.75%
2014$30,790.512.14%
2015$31,280.221.59%
2016$32,335.963.38%
2017$33,487.683.56%
2018$34,923.604.29%
2019$35,262.860.97%
2020$35,646.441.09%
2021$36,193.581.53%
2022$38,448.796.23%*

* 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 Legal services:

Year1986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI100.000103.438107.662114.115122.562129.577136.215141.954146.762151.631157.085163.823171.669179.977189.338199.469211.054221.708232.262241.754250.008260.273270.726278.146288.130297.427303.465311.817318.492323.558334.478346.391361.244364.754368.721374.381397.708

Adjust legal services prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1987 * 1987 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Legal services was 103.438 in the year 1987 and 397.708 in 2022:

397.708 / 103.438 * $10,000 = $38,448.79

Therefore, according to U.S. Bureau of Labor Statistics, $10,000 in 1987 has the same "purchasing power" as $38,448.79 in 2022 (in the CPI category of Legal services).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Legal services in 1986. In addition to legal services, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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