Owners' equivalent rent of primary residence price inflation, 2021→2024

Owners' Equivalent Rent Of Primary Residence Inflation Calculator

Prices for Owners' Equivalent Rent Of Primary Residence, 2021-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for owners' equivalent rent of primary residence are 19.39% higher in 2024 versus 2021 (a $3.88 difference in value).

Between 2021 and 2024: Owners' equivalent rent of primary residence experienced an average inflation rate of 6.09% per year. This rate of change indicates significant inflation. In other words, owners' equivalent rent of primary residence costing $20 in the year 2021 would cost $23.88 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.96% during this same period, inflation for owners' equivalent rent of primary residence was higher.

In the year 2021: Pricing changed by 2.57%, which is significantly below the average yearly change for owners' equivalent rent of primary residence during the 2021-2024 time period. Compared to inflation for all items in 2021 (4.70%), inflation for owners' equivalent rent of primary residence was lower.

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: 2023 (7.47%), 2022 (5.74%), and 1986 (5.50%).

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Buying power of $20.00 since 2021

Below are calculations of equivalent buying power for Owners' equivalent rent of primary residence, over time, for $20 beginning in 2021. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2021	$20.00	2.57%
2022	$21.15	5.74%
2023	$22.73	7.47%
2024	$23.88	5.06%*

* 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:

Year	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	100.000	102.492	107.308	113.162	119.385	124.823	131.123	137.400	144.800	150.423	155.523	160.515	165.785	171.331	176.777	181.892	187.800	192.923	198.662	206.285	214.700	219.923	224.923	230.154	238.177	246.235	252.426	256.610	256.578	259.553	264.813	270.661	277.808	285.889	295.329	305.092	315.162	325.669	334.808	343.419	363.125	390.266	410.023

Adjust owners' equivalent rent of primary residence prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2021 * 2021 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Owners' equivalent rent of primary residence was 343.419 in the year 2021 and 410.023 in 2024:

410.023 / 343.419 * $20 = $23.88

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2021 has the same "purchasing power" as $23.88 in 2024 (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.