Owners' equivalent rent of residences price history from 2000 through 2020

Owners' Equivalent Rent Of Residences Inflation Calculator

Prices for Owners' Equivalent Rent Of Residences, 2000-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for owners' equivalent rent of residences were 67.65% higher in 2020 versus 2000 (a $13.53 difference in value).

Between 2000 and 2020: Owners' equivalent rent of residences experienced an average inflation rate of 2.62% per year. This rate of change indicates significant inflation. In other words, owners' equivalent rent of residences costing $20 in the year 2000 would cost $33.53 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.04% during this same period, inflation for owners' equivalent rent of residences was higher.

In the year 2000: Pricing changed by 2.97%, which is above the average yearly change for owners' equivalent rent of residences during the 2000-2020 time period. Compared to inflation for all items in 2000 (3.38%), inflation for owners' equivalent rent of residences was lower.

Price Inflation for Owners' equivalent rent of residences since 1984

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 1985 (5.50%), 1986 (5.45%), and 1990 (5.39%).

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

Year	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
CPI	107.300	113.200	119.367	124.800	131.133	137.400	144.800	150.400	155.533	160.500	165.800	171.300	176.800	181.900	187.800	192.933	198.667	206.300	214.700	219.933	224.900	230.167	238.200	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	333.066

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Buying power of $20 since 2000

Below are calculations of equivalent buying power for Owners' equivalent rent of residences, over time, for $20 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2000	$20.00	2.97%
2001	$20.77	3.84%
2002	$21.61	4.07%
2003	$22.14	2.44%
2004	$22.64	2.26%
2005	$23.17	2.34%
2006	$23.98	3.49%
2007	$24.79	3.37%
2008	$25.41	2.51%
2009	$25.83	1.66%
2010	$25.83	-0.01%
2011	$26.13	1.16%
2012	$26.66	2.03%
2013	$27.25	2.21%
2014	$27.97	2.64%
2015	$28.78	2.91%
2016	$29.73	3.30%
2017	$30.71	3.30%
2018	$31.73	3.29%
2019	$32.78	3.33%
2020	$33.53	2.28%*

* Not final. See inflation summary for latest details.

How to calculate the inflation rate for owners' equivalent rent of residences, 2000-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 2000 * 2000 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Owners' equivalent rent of residences was 198.667 in the year 2000 and 333.066 in 2020:

333.066 / 198.667 * $20 = $33.53

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $33.53 in 2020 (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 1984. 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.