According to the U.S. Bureau of Labor Statistics, prices in New York are 1,802.49% higher in 2024 versus 1922 (a $11,535,935.20 difference in value).
Between 1922 and 2024: New York experienced an average inflation rate of 2.93% per year. This rate of change indicates significant inflation. In other words, $640,000 in New York in the year 1922 would cost $12,175,935.20 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.90% during this same period, inflation in New York was higher.
In the year 1922: Pricing changed by -6.11%, which is significantly below the average yearly change in New York during the 1922-2024 time period. Compared to inflation for all items in 1922 (-6.16%), inflation in New York was higher.
Below are calculations of equivalent buying power in New York, over time, for $640,000 beginning in 1922. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1922 | $640,000.00 | -6.11% |
1923 | $646,480.23 | 1.01% |
1924 | $647,714.56 | 0.19% |
1925 | $657,897.78 | 1.57% |
1926 | $676,412.73 | 2.81% |
1927 | $668,389.59 | -1.19% |
1928 | $661,909.35 | -0.97% |
1929 | $659,440.69 | -0.37% |
1930 | $650,800.39 | -1.31% |
1931 | $606,055.93 | -6.88% |
1932 | $553,596.91 | -8.66% |
1933 | $515,949.86 | -6.80% |
1934 | $525,515.91 | 1.85% |
1935 | $532,304.73 | 1.29% |
1936 | $538,784.96 | 1.22% |
1937 | $550,511.09 | 2.18% |
1938 | $541,253.62 | -1.68% |
1939 | $538,784.96 | -0.46% |
1940 | $544,339.44 | 1.03% |
1941 | $564,705.88 | 3.74% |
1942 | $619,016.39 | 9.62% |
1943 | $665,303.76 | 7.48% |
1944 | $681,350.05 | 2.41% |
1945 | $697,087.75 | 2.31% |
1946 | $765,901.64 | 9.87% |
1947 | $857,859.21 | 12.01% |
1948 | $916,181.29 | 6.80% |
1949 | $905,998.07 | -1.11% |
1950 | $911,243.97 | 0.58% |
1951 | $979,132.11 | 7.45% |
1952 | $996,104.15 | 1.73% |
1953 | $1,001,350.05 | 0.53% |
1954 | $1,007,521.70 | 0.62% |
1955 | $1,002,892.96 | -0.46% |
1956 | $1,017,704.92 | 1.48% |
1957 | $1,050,106.08 | 3.18% |
1958 | $1,081,581.49 | 3.00% |
1959 | $1,097,936.35 | 1.51% |
1960 | $1,117,994.21 | 1.83% |
1961 | $1,127,868.85 | 0.88% |
1962 | $1,145,149.47 | 1.53% |
1963 | $1,170,144.65 | 2.18% |
1964 | $1,188,351.01 | 1.56% |
1965 | $1,207,483.12 | 1.61% |
1966 | $1,248,216.01 | 3.37% |
1967 | $1,280,617.16 | 2.60% |
1968 | $1,335,853.42 | 4.31% |
1969 | $1,418,553.52 | 6.19% |
1970 | $1,523,780.14 | 7.42% |
1971 | $1,612,034.72 | 5.79% |
1972 | $1,683,008.68 | 4.40% |
1973 | $1,790,086.79 | 6.36% |
1974 | $1,982,642.24 | 10.76% |
1975 | $2,133,230.47 | 7.60% |
1976 | $2,258,514.95 | 5.87% |
1977 | $2,376,084.86 | 5.21% |
1978 | $2,512,478.30 | 5.74% |
1979 | $2,730,028.93 | 8.66% |
1980 | $3,038,302.80 | 11.29% |
1981 | $3,337,319.19 | 9.84% |
1982 | $3,530,183.22 | 5.78% |
1983 | $3,696,817.74 | 4.72% |
1984 | $3,881,967.21 | 5.01% |
1985 | $4,025,458.05 | 3.70% |
1986 | $4,157,531.34 | 3.28% |
1987 | $4,367,675.99 | 5.05% |
1988 | $4,579,980.71 | 4.86% |
1989 | $4,834,561.23 | 5.56% |
1990 | $5,130,183.22 | 6.11% |
1991 | $5,361,928.64 | 4.52% |
1992 | $5,555,409.84 | 3.61% |
1993 | $5,721,427.19 | 2.99% |
1994 | $5,857,512.05 | 2.38% |
1995 | $6,004,705.88 | 2.51% |
1996 | $6,181,215.04 | 2.94% |
1997 | $6,325,323.05 | 2.33% |
1998 | $6,428,698.17 | 1.63% |
1999 | $6,553,674.06 | 1.94% |
2000 | $6,757,338.48 | 3.11% |
2001 | $6,929,527.48 | 2.55% |
2002 | $7,106,036.64 | 2.55% |
2003 | $7,324,204.44 | 3.07% |
2004 | $7,582,487.95 | 3.53% |
2005 | $7,876,567.02 | 3.88% |
2006 | $8,174,040.50 | 3.78% |
2007 | $8,403,567.21 | 2.81% |
2008 | $8,730,997.88 | 3.90% |
2009 | $8,769,589.20 | 0.44% |
2010 | $8,919,174.54 | 1.71% |
2011 | $9,172,955.83 | 2.85% |
2012 | $9,353,319.19 | 1.97% |
2013 | $9,510,501.83 | 1.68% |
2014 | $9,636,273.87 | 1.32% |
2015 | $9,648,441.27 | 0.13% |
2016 | $9,752,374.93 | 1.08% |
2017 | $9,943,282.55 | 1.96% |
2018 | $10,132,878.69 | 1.91% |
2019 | $10,300,389.59 | 1.65% |
2020 | $10,476,482.16 | 1.71% |
2021 | $10,823,933.65 | 3.32% |
2022 | $11,484,500.68 | 6.10% |
2023 | $11,923,548.70 | 3.82% |
2024 | $12,175,935.20 | 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 |