Owners' equivalent rent of primary residence priced at $20 in 1998 $38.15 in 2022

Owners' Equivalent Rent Of Primary Residence Inflation Calculator

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Prices for Owners' Equivalent Rent Of Primary Residence, 1998-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for owners' equivalent rent of primary residence are 90.76% higher in 2022 versus 1998 (a $18.15 difference in value).

Between 1998 and 2022: Owners' equivalent rent of primary residence experienced an average inflation rate of 2.73% per year. This rate of change indicates significant inflation. In other words, owners' equivalent rent of primary residence costing $20 in the year 1998 would cost $38.15 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.43% during this same period, inflation for owners' equivalent rent of primary residence was higher.

In the year 1998: Pricing changed by 3.25%, which is above the average yearly change for owners' equivalent rent of primary residence during the 1998-2022 time period. Compared to inflation for all items in 1998 (1.55%), inflation for owners' equivalent rent of primary residence was higher.

Price Inflation for Owners' equivalent rent of primary residence since 1982

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1986 (5.50%), 1985 (5.46%), and 1990 (5.39%).

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Buying power of $20.00 since 1998

Below are calculations of equivalent buying power for Owners' equivalent rent of primary residence, over time, for $20 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1998$20.003.25%
1999$20.552.73%
2000$21.162.97%
2001$21.973.84%
2002$22.864.08%
2003$23.422.43%
2004$23.952.27%
2005$24.512.33%
2006$25.363.49%
2007$26.223.38%
2008$26.882.51%
2009$27.331.66%
2010$27.32-0.01%
2011$27.641.16%
2012$28.202.03%
2013$28.822.21%
2014$29.592.64%
2015$30.452.91%
2016$31.453.30%
2017$32.493.31%
2018$33.563.30%
2019$34.683.33%
2020$35.662.81%
2021$36.572.57%
2022$38.154.32%*

* 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 Owners' equivalent rent of primary residence:

Year19821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI100.000102.492107.308113.162119.385124.823131.123137.400144.800150.423155.523160.515165.785171.331176.777181.892187.800192.923198.662206.285214.700219.923224.923230.154238.177246.235252.426256.610256.578259.553264.813270.661277.808285.889295.329305.092315.162325.669334.808343.419358.241

Adjust owners' equivalent rent of primary residence prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1998 * 1998 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Owners' equivalent rent of primary residence was 187.800 in the year 1998 and 358.241 in 2022:

358.241 / 187.800 * $20 = $38.15

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1998 has the same "purchasing power" as $38.15 in 2022 (in the CPI category of Owners' equivalent rent of primary residence).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Owners' equivalent rent of primary residence in 1982. In addition to owners' equivalent rent of primary residence, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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