Nursing homes and adult day services priced at $20 in 1996 $56.70 in 2024

Nursing Homes And Adult Day Services Inflation Calculator

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Prices for Nursing Homes And Adult Day Services, 1996-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for nursing homes and adult day services are 183.51% higher in 2024 versus 1996 (a $36.70 difference in value).

Between 1996 and 2024: Nursing homes and adult day services experienced an average inflation rate of 3.79% per year. This rate of change indicates significant inflation. In other words, nursing homes and adult day services costing $20 in the year 1996 would cost $56.70 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.47% during this same period, inflation for nursing homes and adult day services was higher.

Price Inflation for Nursing homes and adult day services since 1996

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2007 (5.68%), 2003 (5.68%), and 2023 (5.27%).

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Buying power of $20.00 since 1996

Below are calculations of equivalent buying power for Nursing homes and adult day services, over time, for $20 beginning in 1996. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1996$20.00-
1997$20.462.32%
1998$21.414.64%
1999$22.314.20%
2000$23.404.88%
2001$24.364.10%
2002$25.595.04%
2003$27.045.68%
2004$28.093.87%
2005$29.003.24%
2006$30.204.15%
2007$31.925.68%
2008$33.073.60%
2009$34.333.80%
2010$35.403.13%
2011$36.442.93%
2012$37.763.63%
2013$38.893.00%
2014$40.022.88%
2015$41.283.16%
2016$42.743.52%
2017$44.053.08%
2018$45.563.43%
2019$47.063.28%
2020$48.342.72%
2021$49.923.28%
2022$52.024.20%
2023$54.765.27%
2024$56.703.55%*

* 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 Nursing homes and adult day services:

Year19961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI100.000102.315107.062111.554116.992121.792127.931135.200140.431144.985151.008159.592165.343171.630177.003182.188188.805194.472200.080206.406213.676220.254227.819235.292241.697249.614260.090273.800283.514

Adjust nursing homes and adult day services prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1996 * 1996 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Nursing homes and adult day services was 100.000 in the year 1996 and 283.514 in 2024:

283.514 / 100.000 * $20 = $56.70

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1996 has the same "purchasing power" as $56.70 in 2024 (in the CPI category of Nursing homes and adult day services).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Nursing homes and adult day services in 1996. In addition to nursing homes and adult day services, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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