Phoenix, Arizona prices: $20,000 in 2010 $28,868.53 in 2022

Inflation in Arizona


Prices in Phoenix, 2010-2022 ($20,000)

According to the U.S. Bureau of Labor Statistics, prices in Phoenix, Arizona are 44.34% higher in 2022 versus 2010 (a $8,868.53 difference in value).

Between 2010 and 2022: Phoenix experienced an average inflation rate of 3.11% per year. This rate of change indicates significant inflation. In other words, $20,000 in Phoenix in the year 2010 would cost $28,868.53 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.48% during this same period, inflation in Phoenix was higher.

In the year 2010: Pricing changed by 0.56%, which is below the average yearly change in Phoenix during the 2010-2022 time period. Compared to inflation for all items in 2010 (1.64%), inflation in Phoenix was lower.

Price Inflation in Phoenix, Arizona since 2002

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2022 (11.51%), 2021 (5.01%), and 2018 (4.16%).

View price changes for other categories
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Buying power of $20,000.00 since 2010

Below are calculations of equivalent buying power in Phoenix, over time, for $20,000 beginning in 2010. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate

* 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 Phoenix, Arizona:


Adjust Phoenix prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2010 * 2010 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Phoenix, Arizona was 118.227 in the year 2010 and 170.652 in 2022:

170.652 / 118.227 * $20,000 = $28,868.53

Therefore, according to U.S. Bureau of Labor Statistics, $20,000 in 2010 has the same "purchasing power" as $28,868.53 in 2022 (in the CPI category of Phoenix, Arizona).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Phoenix, Arizona in 2002. In addition to Phoenix, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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