According to the U.S. Bureau of Labor Statistics, prices in New York are 3,123.66% higher in 2024 versus 1916 (a $1,624,304.97 difference in value).
Between 1916 and 2024: New York experienced an average inflation rate of 3.27% per year. This rate of change indicates significant inflation. In other words, $52,000 in New York in the year 1916 would cost $1,676,304.97 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.15% during this same period, inflation in New York was higher.
In the year 1916: Pricing changed by 2.86%, which is below the average yearly change in New York during the 1916-2024 time period. Compared to inflation for all items in 1916 (7.69%), inflation in New York was much lower.
Below are calculations of equivalent buying power in New York, over time, for $52,000 beginning in 1916. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1916 | $52,000.00 | 2.86% |
1917 | $58,669.93 | 12.83% |
1918 | $71,627.45 | 22.09% |
1919 | $87,473.86 | 22.12% |
1920 | $102,555.56 | 17.24% |
1921 | $93,846.41 | -8.49% |
1922 | $88,111.11 | -6.11% |
1923 | $89,003.27 | 1.01% |
1924 | $89,173.20 | 0.19% |
1925 | $90,575.16 | 1.57% |
1926 | $93,124.18 | 2.81% |
1927 | $92,019.61 | -1.19% |
1928 | $91,127.45 | -0.97% |
1929 | $90,787.58 | -0.37% |
1930 | $89,598.04 | -1.31% |
1931 | $83,437.91 | -6.88% |
1932 | $76,215.69 | -8.66% |
1933 | $71,032.68 | -6.80% |
1934 | $72,349.67 | 1.85% |
1935 | $73,284.31 | 1.29% |
1936 | $74,176.47 | 1.22% |
1937 | $75,790.85 | 2.18% |
1938 | $74,516.34 | -1.68% |
1939 | $74,176.47 | -0.46% |
1940 | $74,941.18 | 1.03% |
1941 | $77,745.10 | 3.74% |
1942 | $85,222.22 | 9.62% |
1943 | $91,594.77 | 7.48% |
1944 | $93,803.92 | 2.41% |
1945 | $95,970.59 | 2.31% |
1946 | $105,444.44 | 9.87% |
1947 | $118,104.58 | 12.01% |
1948 | $126,133.99 | 6.80% |
1949 | $124,732.03 | -1.11% |
1950 | $125,454.25 | 0.58% |
1951 | $134,800.65 | 7.45% |
1952 | $137,137.25 | 1.73% |
1953 | $137,859.48 | 0.53% |
1954 | $138,709.15 | 0.62% |
1955 | $138,071.90 | -0.46% |
1956 | $140,111.11 | 1.48% |
1957 | $144,571.90 | 3.18% |
1958 | $148,905.23 | 3.00% |
1959 | $151,156.86 | 1.51% |
1960 | $153,918.30 | 1.83% |
1961 | $155,277.78 | 0.88% |
1962 | $157,656.86 | 1.53% |
1963 | $161,098.04 | 2.18% |
1964 | $163,604.58 | 1.56% |
1965 | $166,238.56 | 1.61% |
1966 | $171,846.41 | 3.37% |
1967 | $176,307.19 | 2.60% |
1968 | $183,911.76 | 4.31% |
1969 | $195,297.39 | 6.19% |
1970 | $209,784.31 | 7.42% |
1971 | $221,934.64 | 5.79% |
1972 | $231,705.88 | 4.40% |
1973 | $246,447.71 | 6.36% |
1974 | $272,957.52 | 10.76% |
1975 | $293,689.54 | 7.60% |
1976 | $310,937.91 | 5.87% |
1977 | $327,124.18 | 5.21% |
1978 | $345,901.96 | 5.74% |
1979 | $375,852.94 | 8.66% |
1980 | $418,294.12 | 11.29% |
1981 | $459,460.78 | 9.84% |
1982 | $486,013.07 | 5.78% |
1983 | $508,954.25 | 4.72% |
1984 | $534,444.44 | 5.01% |
1985 | $554,199.35 | 3.70% |
1986 | $572,382.35 | 3.28% |
1987 | $601,313.73 | 5.05% |
1988 | $630,542.48 | 4.86% |
1989 | $665,591.50 | 5.56% |
1990 | $706,290.85 | 6.11% |
1991 | $738,196.08 | 4.52% |
1992 | $764,833.33 | 3.61% |
1993 | $787,689.54 | 2.99% |
1994 | $806,424.84 | 2.38% |
1995 | $826,689.54 | 2.51% |
1996 | $850,990.20 | 2.94% |
1997 | $870,830.07 | 2.33% |
1998 | $885,062.09 | 1.63% |
1999 | $902,267.97 | 1.94% |
2000 | $930,307.19 | 3.11% |
2001 | $954,013.07 | 2.55% |
2002 | $978,313.73 | 2.55% |
2003 | $1,008,349.67 | 3.07% |
2004 | $1,043,908.50 | 3.53% |
2005 | $1,084,395.42 | 3.88% |
2006 | $1,125,349.67 | 3.78% |
2007 | $1,156,949.44 | 2.81% |
2008 | $1,202,028.01 | 3.90% |
2009 | $1,207,341.01 | 0.44% |
2010 | $1,227,934.97 | 1.71% |
2011 | $1,262,873.95 | 2.85% |
2012 | $1,287,705.23 | 1.97% |
2013 | $1,309,345.13 | 1.68% |
2014 | $1,326,660.62 | 1.32% |
2015 | $1,328,335.75 | 0.13% |
2016 | $1,342,644.67 | 1.08% |
2017 | $1,368,927.61 | 1.96% |
2018 | $1,395,030.00 | 1.91% |
2019 | $1,418,091.83 | 1.65% |
2020 | $1,442,335.13 | 1.71% |
2021 | $1,490,170.03 | 3.32% |
2022 | $1,581,112.68 | 6.10% |
2023 | $1,641,558.01 | 3.82% |
2024 | $1,676,304.97 | 2.12%* |
* 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 New York:
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 | 9.900 | 9.917 | 10.200 | 11.508 | 14.050 | 17.158 | 20.117 | 18.408 | 17.283 | 17.458 | 17.492 | 17.767 | 18.267 | 18.050 | 17.875 | 17.808 | 17.575 | 16.367 | 14.950 | 13.933 | 14.192 | 14.375 | 14.550 | 14.867 | 14.617 | 14.550 | 14.700 | 15.250 | 16.717 | 17.967 | 18.400 | 18.825 | 20.683 | 23.167 | 24.742 | 24.467 | 24.608 | 26.442 | 26.900 | 27.042 | 27.208 | 27.083 | 27.483 | 28.358 | 29.208 | 29.650 | 30.192 | 30.458 | 30.925 | 31.600 | 32.092 | 32.608 | 33.708 | 34.583 | 36.075 | 38.308 | 41.150 | 43.533 | 45.450 | 48.342 | 53.542 | 57.608 | 60.992 | 64.167 | 67.850 | 73.725 | 82.050 | 90.125 | 95.333 | 99.833 | 104.833 | 108.708 | 112.275 | 117.950 | 123.683 | 130.558 | 138.542 | 144.800 | 150.025 | 154.508 | 158.183 | 162.158 | 166.925 | 170.817 | 173.608 | 176.983 | 182.483 | 187.133 | 191.900 | 197.792 | 204.767 | 212.708 | 220.742 | 226.940 | 235.782 | 236.825 | 240.864 | 247.718 | 252.588 | 256.833 | 260.230 | 260.558 | 263.365 | 268.520 | 273.641 | 278.164 | 282.920 | 292.303 | 310.141 | 321.998 | 328.814 |