Owners' equivalent rent of residences priced at $20 in 1996 $38.47 in 2021

Owners' Equivalent Rent Of Residences Inflation Calculator

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Prices for Owners' Equivalent Rent Of Residences, 1996-2021 ($20)

According to the U.S. Bureau of Labor Statistics, prices for owners' equivalent rent of residences were 92.35% higher in 2021 versus 1996 (a $18.47 difference in value).

Between 1996 and 2021: Owners' equivalent rent of residences experienced an average inflation rate of 2.65% per year. This rate of change indicates significant inflation. In other words, owners' equivalent rent of residences costing $20 in the year 1996 would cost $38.47 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.14% during this same period, inflation for owners' equivalent rent of residences was higher.

In the year 1996: Pricing changed by 3.18%, which is above the average yearly change for owners' equivalent rent of residences during the 1996-2021 time period. Compared to inflation for all items in 1996 (2.93%), inflation for owners' equivalent rent of residences was higher.

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%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Owners' equivalent rent of residences:

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
CPI 100.000 102.492 107.308 113.162 119.385 124.823 131.123 137.400 144.800 150.423 155.523 160.515 165.785 171.331 176.777 181.892 187.800 192.923 198.662 206.285 214.700 219.923 224.923 230.154 238.177 246.235 252.426 256.610 256.584 259.570 264.838 270.685 277.832 285.926 295.365 305.100 315.151 325.635 334.776 340.030

View price changes for other categories
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Buying power of $20 since 1996

Below are calculations of equivalent buying power for Owners' equivalent rent of residences, over time, for $20 beginning in 1996. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1996 $20.00 3.18%
1997 $20.58 2.89%
1998 $21.25 3.25%
1999 $21.83 2.73%
2000 $22.48 2.97%
2001 $23.34 3.84%
2002 $24.29 4.08%
2003 $24.88 2.43%
2004 $25.45 2.27%
2005 $26.04 2.33%
2006 $26.95 3.49%
2007 $27.86 3.38%
2008 $28.56 2.51%
2009 $29.03 1.66%
2010 $29.03 -0.01%
2011 $29.37 1.16%
2012 $29.96 2.03%
2013 $30.62 2.21%
2014 $31.43 2.64%
2015 $32.35 2.91%
2016 $33.42 3.30%
2017 $34.52 3.30%
2018 $35.66 3.29%
2019 $36.84 3.33%
2020 $37.88 2.81%
2021 $38.47 1.57%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for owners' equivalent rent of residences, 1996-2021

Start with the inflation rate formula:

CPI in 2021 / CPI in 1996 * 1996 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Owners' equivalent rent of residences was 176.777 in the year 1996 and 340.030 in 2021:

340.030 / 176.777 * $20 = $38.47

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1996 has the same "purchasing power" as $38.47 in 2021 (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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