Owners' equivalent rent of residences priced at $20 in 2005 $33.57 in 2023

Owners' Equivalent Rent Of Residences Inflation Calculator

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Prices for Owners' Equivalent Rent Of Residences, 2005-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for owners' equivalent rent of residences are 67.85% higher in 2023 versus 2005 (a $13.57 difference in value).

Between 2005 and 2023: Owners' equivalent rent of residences experienced an average inflation rate of 2.92% per year. This rate of change indicates significant inflation. In other words, owners' equivalent rent of residences costing $20 in the year 2005 would cost $33.57 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.48% during this same period, inflation for owners' equivalent rent of residences was higher.

In the year 2005: Pricing changed by 2.33%, which is below the average yearly change for owners' equivalent rent of residences during the 2005-2023 time period. Compared to inflation for all items in 2005 (3.39%), 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: 2023 (6.40%), 2022 (5.73%), and 1986 (5.50%).

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Buying power of $20.00 since 2005

Below are calculations of equivalent buying power for Owners' equivalent rent of residences, over time, for $20 beginning in 2005. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2005$20.002.33%
2006$20.703.49%
2007$21.403.38%
2008$21.942.51%
2009$22.301.66%
2010$22.30-0.01%
2011$22.561.16%
2012$23.012.03%
2013$23.522.21%
2014$24.142.64%
2015$24.852.91%
2016$25.673.30%
2017$26.513.30%
2018$27.393.29%
2019$28.303.33%
2020$29.092.81%
2021$29.842.58%
2022$31.555.73%
2023$33.576.40%*

* 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:

Year198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI100.000102.492107.308113.162119.385124.823131.123137.400144.800150.423155.523160.515165.785171.331176.777181.892187.800192.923198.662206.285214.700219.923224.923230.154238.177246.235252.426256.610256.584259.570264.838270.685277.832285.926295.365305.100315.151325.635334.776343.400363.086386.314

Adjust owners' equivalent rent of residences prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2005 * 2005 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Owners' equivalent rent of residences was 230.154 in the year 2005 and 386.314 in 2023:

386.314 / 230.154 * $20 = $33.57

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2005 has the same "purchasing power" as $33.57 in 2023 (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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