New York prices: $460,000 in 1917 $12,305,318.10 in 2022

Inflation in New York

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Prices in New York, 1917-2022 ($460,000)

According to the U.S. Bureau of Labor Statistics, prices in New York are 2,575.07% higher in 2022 versus 1917 (a $11,845,318.10 difference in value).

Between 1917 and 2022: New York experienced an average inflation rate of 3.18% per year. This rate of change indicates significant inflation. In other words, $460,000 in New York in the year 1917 would cost $12,305,318.10 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.02% during this same period, inflation in New York was higher.

In the year 1917: Pricing changed by 12.83%, which is significantly above the average yearly change in New York during the 1917-2022 time period. Compared to inflation for all items in 1917 (17.81%), inflation in New York was much lower.

Price Inflation in New York since 1914

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1919 (22.12%), 1918 (22.09%), and 1920 (17.24%).

View price changes for other categories
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Buying power of $460,000.00 since 1917

Below are calculations of equivalent buying power in New York, over time, for $460,000 beginning in 1917. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1917$460,000.0012.83%
1918$561,593.0522.09%
1919$685,836.3522.12%
1920$804,084.0017.24%
1921$735,800.14-8.49%
1922$690,832.73-6.11%
1923$697,827.661.01%
1924$699,160.030.19%
1925$710,152.061.57%
1926$730,137.582.81%
1927$721,477.19-1.19%
1928$714,482.26-0.97%
1929$711,817.52-0.37%
1930$702,490.95-1.31%
1931$654,192.61-6.88%
1932$597,566.98-8.66%
1933$556,929.76-6.80%
1934$567,255.611.85%
1935$574,583.641.29%
1936$581,578.571.22%
1937$594,236.062.18%
1938$584,243.30-1.68%
1939$581,578.57-0.46%
1940$587,574.221.03%
1941$609,558.293.74%
1942$668,182.489.62%
1943$718,146.277.48%
1944$735,467.052.41%
1945$752,454.742.31%
1946$826,734.259.87%
1947$925,995.6612.01%
1948$988,950.046.80%
1949$977,958.00-1.11%
1950$983,620.560.58%
1951$1,056,900.807.45%
1952$1,075,220.851.73%
1953$1,080,883.420.53%
1954$1,087,545.260.62%
1955$1,082,548.88-0.46%
1956$1,098,537.291.48%
1957$1,133,511.953.18%
1958$1,167,487.333.00%
1959$1,185,141.201.51%
1960$1,206,792.181.83%
1961$1,217,451.120.88%
1962$1,236,104.271.53%
1963$1,263,084.722.18%
1964$1,282,737.151.56%
1965$1,303,388.851.61%
1966$1,347,356.993.37%
1967$1,382,331.642.60%
1968$1,441,955.104.31%
1969$1,531,223.756.19%
1970$1,644,808.117.42%
1971$1,740,072.415.79%
1972$1,816,683.564.40%
1973$1,932,266.476.36%
1974$2,140,115.8610.76%
1975$2,302,664.747.60%
1976$2,437,900.075.87%
1977$2,564,808.115.21%
1978$2,712,034.765.74%
1979$2,946,864.598.66%
1980$3,279,623.4611.29%
1981$3,602,389.579.84%
1982$3,810,572.055.78%
1983$3,990,441.714.72%
1984$4,190,296.895.01%
1985$4,345,184.653.70%
1986$4,487,748.013.28%
1987$4,714,583.645.05%
1988$4,943,750.914.86%
1989$5,218,551.775.56%
1990$5,537,653.876.11%
1991$5,787,805.944.52%
1992$5,996,654.603.61%
1993$6,175,858.072.99%
1994$6,322,751.632.38%
1995$6,481,636.502.51%
1996$6,672,165.102.94%
1997$6,827,719.042.33%
1998$6,939,304.851.63%
1999$7,074,207.101.94%
2000$7,294,047.793.11%
2001$7,479,913.112.55%
2002$7,670,441.712.55%
2003$7,905,937.733.07%
2004$8,184,735.703.53%
2005$8,502,172.343.88%
2006$8,823,272.993.78%
2007$9,071,030.122.81%
2008$9,424,467.343.90%
2009$9,466,123.820.44%
2010$9,627,590.151.71%
2011$9,901,528.312.85%
2012$10,096,217.231.97%
2013$10,265,884.291.68%
2014$10,401,645.911.32%
2015$10,414,779.720.13%
2016$10,526,968.431.08%
2017$10,733,039.101.96%
2018$10,937,694.131.91%
2019$11,118,509.781.65%
2020$11,308,588.701.71%
2021$11,683,636.933.32%
2022$12,305,318.105.32%*

* 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:

Year1914191519161917191819191920192119221923192419251926192719281929193019311932193319341935193619371938193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI9.9009.91710.20011.50814.05017.15820.11718.40817.28317.45817.49217.76718.26718.05017.87517.80817.57516.36714.95013.93314.19214.37514.55014.86714.61714.55014.70015.25016.71717.96718.40018.82520.68323.16724.74224.46724.60826.44226.90027.04227.20827.08327.48328.35829.20829.65030.19230.45830.92531.60032.09232.60833.70834.58336.07538.30841.15043.53345.45048.34253.54257.60860.99264.16767.85073.72582.05090.12595.33399.833104.833108.708112.275117.950123.683130.558138.542144.800150.025154.508158.183162.158166.925170.817173.608176.983182.483187.133191.900197.792204.767212.708220.742226.940235.782236.825240.864247.718252.588256.833260.230260.558263.365268.520273.640278.164282.920292.303307.856

Adjust New York prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1917 * 1917 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for New York was 11.508 in the year 1917 and 307.856 in 2022:

307.856 / 11.508 * $460,000 = $12,305,318.10

Therefore, according to U.S. Bureau of Labor Statistics, $460,000 in 1917 has the same "purchasing power" as $12,305,318.10 in 2022 (in the CPI category of New York).


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

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