According to the U.S. Bureau of Labor Statistics, prices in New York are 1,802.49% higher in 2024 versus 1922 (a $1,261,742.91 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, $70,000 in New York in the year 1922 would cost $1,331,742.91 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 $70,000 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 | $70,000.00 | -6.11% |
1923 | $70,708.78 | 1.01% |
1924 | $70,843.78 | 0.19% |
1925 | $71,957.57 | 1.57% |
1926 | $73,982.64 | 2.81% |
1927 | $73,105.11 | -1.19% |
1928 | $72,396.34 | -0.97% |
1929 | $72,126.33 | -0.37% |
1930 | $71,181.29 | -1.31% |
1931 | $66,287.37 | -6.88% |
1932 | $60,549.66 | -8.66% |
1933 | $56,432.02 | -6.80% |
1934 | $57,478.30 | 1.85% |
1935 | $58,220.83 | 1.29% |
1936 | $58,929.60 | 1.22% |
1937 | $60,212.15 | 2.18% |
1938 | $59,199.61 | -1.68% |
1939 | $58,929.60 | -0.46% |
1940 | $59,537.13 | 1.03% |
1941 | $61,764.71 | 3.74% |
1942 | $67,704.92 | 9.62% |
1943 | $72,767.60 | 7.48% |
1944 | $74,522.66 | 2.41% |
1945 | $76,243.97 | 2.31% |
1946 | $83,770.49 | 9.87% |
1947 | $93,828.35 | 12.01% |
1948 | $100,207.33 | 6.80% |
1949 | $99,093.54 | -1.11% |
1950 | $99,667.31 | 0.58% |
1951 | $107,092.57 | 7.45% |
1952 | $108,948.89 | 1.73% |
1953 | $109,522.66 | 0.53% |
1954 | $110,197.69 | 0.62% |
1955 | $109,691.42 | -0.46% |
1956 | $111,311.48 | 1.48% |
1957 | $114,855.35 | 3.18% |
1958 | $118,297.97 | 3.00% |
1959 | $120,086.79 | 1.51% |
1960 | $122,280.62 | 1.83% |
1961 | $123,360.66 | 0.88% |
1962 | $125,250.72 | 1.53% |
1963 | $127,984.57 | 2.18% |
1964 | $129,975.89 | 1.56% |
1965 | $132,068.47 | 1.61% |
1966 | $136,523.63 | 3.37% |
1967 | $140,067.50 | 2.60% |
1968 | $146,108.97 | 4.31% |
1969 | $155,154.29 | 6.19% |
1970 | $166,663.45 | 7.42% |
1971 | $176,316.30 | 5.79% |
1972 | $184,079.07 | 4.40% |
1973 | $195,790.74 | 6.36% |
1974 | $216,851.49 | 10.76% |
1975 | $233,322.08 | 7.60% |
1976 | $247,025.07 | 5.87% |
1977 | $259,884.28 | 5.21% |
1978 | $274,802.31 | 5.74% |
1979 | $298,596.91 | 8.66% |
1980 | $332,314.37 | 11.29% |
1981 | $365,019.29 | 9.84% |
1982 | $386,113.79 | 5.78% |
1983 | $404,339.44 | 4.72% |
1984 | $424,590.16 | 5.01% |
1985 | $440,284.47 | 3.70% |
1986 | $454,729.99 | 3.28% |
1987 | $477,714.56 | 5.05% |
1988 | $500,935.39 | 4.86% |
1989 | $528,780.14 | 5.56% |
1990 | $561,113.79 | 6.11% |
1991 | $586,460.95 | 4.52% |
1992 | $607,622.95 | 3.61% |
1993 | $625,781.10 | 2.99% |
1994 | $640,665.38 | 2.38% |
1995 | $656,764.71 | 2.51% |
1996 | $676,070.40 | 2.94% |
1997 | $691,832.21 | 2.33% |
1998 | $703,138.86 | 1.63% |
1999 | $716,808.10 | 1.94% |
2000 | $739,083.90 | 3.11% |
2001 | $757,917.07 | 2.55% |
2002 | $777,222.76 | 2.55% |
2003 | $801,084.86 | 3.07% |
2004 | $829,334.62 | 3.53% |
2005 | $861,499.52 | 3.88% |
2006 | $894,035.68 | 3.78% |
2007 | $919,140.16 | 2.81% |
2008 | $954,952.89 | 3.90% |
2009 | $959,173.82 | 0.44% |
2010 | $975,534.72 | 1.71% |
2011 | $1,003,292.04 | 2.85% |
2012 | $1,023,019.29 | 1.97% |
2013 | $1,040,211.14 | 1.68% |
2014 | $1,053,967.45 | 1.32% |
2015 | $1,055,298.26 | 0.13% |
2016 | $1,066,666.01 | 1.08% |
2017 | $1,087,546.53 | 1.96% |
2018 | $1,108,283.61 | 1.91% |
2019 | $1,126,605.11 | 1.65% |
2020 | $1,145,865.24 | 1.71% |
2021 | $1,183,867.74 | 3.32% |
2022 | $1,256,117.26 | 6.10% |
2023 | $1,304,138.14 | 3.82% |
2024 | $1,331,742.91 | 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 |