Owners' equivalent rent of residences priced at $20 in 2004 $32.07 in 2022

Owners' Equivalent Rent Of Residences Inflation Calculator

$

Prices for Owners' Equivalent Rent Of Residences, 2004-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for owners' equivalent rent of residences are 60.33% higher in 2022 versus 2004 (a $12.07 difference in value).

Between 2004 and 2022: Owners' equivalent rent of residences experienced an average inflation rate of 2.66% per year. This rate of change indicates significant inflation. In other words, owners' equivalent rent of residences costing $20 in the year 2004 would cost $32.07 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.44% during this same period, inflation for owners' equivalent rent of residences was higher.

In the year 2004: Pricing changed by 2.27%, which is below the average yearly change for owners' equivalent rent of residences during the 2004-2022 time period. Compared to inflation for all items in 2004 (2.68%), 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%).

View price changes for other categories
Indoor plants and flowers · Juices and nonalcoholic drinks · Baby food · Alcoholic beverages · More

Buying power of $20.00 since 2004

Below are calculations of equivalent buying power for Owners' equivalent rent of residences, over time, for $20 beginning in 2004. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2004$20.002.27%
2005$20.472.33%
2006$21.183.49%
2007$21.903.38%
2008$22.452.51%
2009$22.821.66%
2010$22.82-0.01%
2011$23.081.16%
2012$23.552.03%
2013$24.072.21%
2014$24.702.64%
2015$25.422.91%
2016$26.263.30%
2017$27.133.30%
2018$28.023.29%
2019$28.963.33%
2020$29.772.81%
2021$30.532.58%
2022$32.075.01%*

* 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
CPI100.000102.492107.308113.162119.385124.823131.123137.400144.800150.423155.523160.515165.785171.331176.777181.892187.800192.923198.662206.285214.700219.923224.923230.154238.177246.235252.426256.610256.584259.570264.838270.685277.832285.926295.365305.100315.151325.635334.776343.400360.610

Adjust owners' equivalent rent of residences prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2004 * 2004 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Owners' equivalent rent of residences was 224.923 in the year 2004 and 360.610 in 2022:

360.610 / 224.923 * $20 = $32.07

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2004 has the same "purchasing power" as $32.07 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.

» Read more about inflation and investment.