According to the U.S. Bureau of Labor Statistics, prices in New York are 1,816.35% higher in 2024 versus 1919 (a $15,620,607.29 difference in value).
Between 1919 and 2024: New York experienced an average inflation rate of 2.85% per year. This rate of change indicates significant inflation. In other words, $860,000 in New York in the year 1919 would cost $16,480,607.29 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.79% during this same period, inflation in New York was higher.
In the year 1919: Pricing changed by 22.12%, which is significantly above the average yearly change in New York during the 1919-2024 time period. Compared to inflation for all items in 1919 (15.18%), inflation in New York was much higher.
Below are calculations of equivalent buying power in New York, over time, for $860,000 beginning in 1919. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1919 | $860,000.00 | 22.12% |
1920 | $1,008,275.86 | 17.24% |
1921 | $922,651.77 | -8.49% |
1922 | $866,265.18 | -6.11% |
1923 | $875,036.43 | 1.01% |
1924 | $876,707.14 | 0.19% |
1925 | $890,490.53 | 1.57% |
1926 | $915,551.24 | 2.81% |
1927 | $904,691.60 | -1.19% |
1928 | $895,920.35 | -0.97% |
1929 | $892,578.92 | -0.37% |
1930 | $880,883.92 | -1.31% |
1931 | $820,320.54 | -6.88% |
1932 | $749,315.20 | -8.66% |
1933 | $698,358.43 | -6.80% |
1934 | $711,306.46 | 1.85% |
1935 | $720,495.39 | 1.29% |
1936 | $729,266.63 | 1.22% |
1937 | $745,138.42 | 2.18% |
1938 | $732,608.06 | -1.68% |
1939 | $729,266.63 | -0.46% |
1940 | $736,784.85 | 1.03% |
1941 | $764,351.63 | 3.74% |
1942 | $837,863.04 | 9.62% |
1943 | $900,514.81 | 7.48% |
1944 | $922,234.09 | 2.41% |
1945 | $943,535.70 | 2.31% |
1946 | $1,036,678.00 | 9.87% |
1947 | $1,161,146.19 | 12.01% |
1948 | $1,240,087.42 | 6.80% |
1949 | $1,226,304.03 | -1.11% |
1950 | $1,233,404.57 | 0.58% |
1951 | $1,325,293.83 | 7.45% |
1952 | $1,348,266.15 | 1.73% |
1953 | $1,355,366.68 | 0.53% |
1954 | $1,363,720.25 | 0.62% |
1955 | $1,357,455.08 | -0.46% |
1956 | $1,377,503.64 | 1.48% |
1957 | $1,421,359.88 | 3.18% |
1958 | $1,463,963.09 | 3.00% |
1959 | $1,486,100.05 | 1.51% |
1960 | $1,513,249.15 | 1.83% |
1961 | $1,526,614.86 | 0.88% |
1962 | $1,550,004.86 | 1.53% |
1963 | $1,583,836.81 | 2.18% |
1964 | $1,608,479.84 | 1.56% |
1965 | $1,634,375.91 | 1.61% |
1966 | $1,689,509.47 | 3.37% |
1967 | $1,733,365.71 | 2.60% |
1968 | $1,808,130.16 | 4.31% |
1969 | $1,920,067.99 | 6.19% |
1970 | $2,062,496.36 | 7.42% |
1971 | $2,181,952.40 | 5.79% |
1972 | $2,278,018.46 | 4.40% |
1973 | $2,422,952.89 | 6.36% |
1974 | $2,683,584.26 | 10.76% |
1975 | $2,887,411.36 | 7.60% |
1976 | $3,056,988.83 | 5.87% |
1977 | $3,216,124.33 | 5.21% |
1978 | $3,400,738.22 | 5.74% |
1979 | $3,695,201.55 | 8.66% |
1980 | $4,112,462.36 | 11.29% |
1981 | $4,517,192.81 | 9.84% |
1982 | $4,778,241.86 | 5.78% |
1983 | $5,003,788.25 | 4.72% |
1984 | $5,254,395.34 | 5.01% |
1985 | $5,448,615.83 | 3.70% |
1986 | $5,627,382.22 | 3.28% |
1987 | $5,911,821.27 | 5.05% |
1988 | $6,199,184.07 | 4.86% |
1989 | $6,543,768.82 | 5.56% |
1990 | $6,943,904.81 | 6.11% |
1991 | $7,257,581.35 | 4.52% |
1992 | $7,519,465.76 | 3.61% |
1993 | $7,744,176.78 | 2.99% |
1994 | $7,928,373.00 | 2.38% |
1995 | $8,127,605.63 | 2.51% |
1996 | $8,366,517.73 | 2.94% |
1997 | $8,561,573.58 | 2.33% |
1998 | $8,701,495.87 | 1.63% |
1999 | $8,870,655.66 | 1.94% |
2000 | $9,146,323.46 | 3.11% |
2001 | $9,379,388.05 | 2.55% |
2002 | $9,618,300.15 | 2.55% |
2003 | $9,913,598.83 | 3.07% |
2004 | $10,263,195.73 | 3.53% |
2005 | $10,661,243.32 | 3.88% |
2006 | $11,063,885.38 | 3.78% |
2007 | $11,374,558.81 | 2.81% |
2008 | $11,817,749.10 | 3.90% |
2009 | $11,869,983.97 | 0.44% |
2010 | $12,072,453.62 | 1.71% |
2011 | $12,415,956.58 | 2.85% |
2012 | $12,660,085.48 | 1.97% |
2013 | $12,872,838.37 | 1.68% |
2014 | $13,043,075.76 | 1.32% |
2015 | $13,059,544.83 | 0.13% |
2016 | $13,200,223.12 | 1.08% |
2017 | $13,458,624.09 | 1.96% |
2018 | $13,715,249.93 | 1.91% |
2019 | $13,941,982.52 | 1.65% |
2020 | $14,180,330.74 | 1.71% |
2021 | $14,650,620.01 | 3.32% |
2022 | $15,544,723.46 | 6.10% |
2023 | $16,138,992.23 | 3.82% |
2024 | $16,480,607.29 | 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 |