Owners' equivalent rent of residences priced at $20 in 1989 $52.14 in 2022

Owners' Equivalent Rent Of Residences Inflation Calculator

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Prices for Owners' Equivalent Rent Of Residences, 1989-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for owners' equivalent rent of residences are 160.71% higher in 2022 versus 1989 (a $32.14 difference in value).

Between 1989 and 2022: Owners' equivalent rent of residences experienced an average inflation rate of 2.95% per year. This rate of change indicates significant inflation. In other words, owners' equivalent rent of residences costing $20 in the year 1989 would cost $52.14 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.61% during this same period, inflation for owners' equivalent rent of residences was higher.

In the year 1989: Pricing changed by 4.79%, which is above the average yearly change for owners' equivalent rent of residences during the 1989-2022 time period. Compared to inflation for all items in 1989 (4.83%), inflation for owners' equivalent rent of residences was lower.

Price Inflation for Owners' equivalent rent of residences 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 1989

Below are calculations of equivalent buying power for Owners' equivalent rent of residences, over time, for $20 beginning in 1989. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1989$20.004.79%
1990$21.085.39%
1991$21.903.88%
1992$22.643.39%
1993$23.363.21%
1994$24.133.28%
1995$24.943.35%
1996$25.733.18%
1997$26.482.89%
1998$27.343.25%
1999$28.082.73%
2000$28.922.97%
2001$30.033.84%
2002$31.254.08%
2003$32.012.43%
2004$32.742.27%
2005$33.502.33%
2006$34.673.49%
2007$35.843.38%
2008$36.742.51%
2009$37.351.66%
2010$37.35-0.01%
2011$37.781.16%
2012$38.552.03%
2013$39.402.21%
2014$40.442.64%
2015$41.622.91%
2016$42.993.30%
2017$44.413.30%
2018$45.873.29%
2019$47.403.33%
2020$48.732.81%
2021$49.992.58%
2022$52.144.31%*

* 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 residences:

Year19821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI100.000102.492107.308113.162119.385124.823131.123137.400144.800150.423155.523160.515165.785171.331176.777181.892187.800192.923198.662206.285214.700219.923224.923230.154238.177246.235252.426256.610256.584259.570264.838270.685277.832285.926295.365305.100315.151325.635334.776343.400358.214

Adjust owners' equivalent rent of residences prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1989 * 1989 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Owners' equivalent rent of residences was 137.400 in the year 1989 and 358.214 in 2022:

358.214 / 137.400 * $20 = $52.14

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1989 has the same "purchasing power" as $52.14 in 2022 (in the CPI category of Owners' equivalent rent of residences).


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

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