According to the U.S. Bureau of Labor Statistics, prices for rent of primary residence are 1,860.61% higher in 2024 versus 1916 (a $18,606.15 difference in value).
Between 1916 and 2024: Rent experienced an average inflation rate of 2.79% per year. This rate of change indicates significant inflation. In other words, rent costing $1,000 in the year 1916 would cost $19,606.15 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.16% during this same period, inflation for rent was lower.
In the year 1916: Pricing changed by 0.95%, which is below the average yearly change for rent during the 1916-2024 time period. Compared to inflation for all items in 1916 (7.69%), inflation for rent was much lower.
Below are calculations of equivalent buying power for Rent, over time, for $1,000 beginning in 1916. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1916 | $1,000.00 | 0.95% |
1917 | $988.29 | -1.17% |
1918 | $1,018.74 | 3.08% |
1919 | $1,110.07 | 8.97% |
1920 | $1,314.60 | 18.42% |
1921 | $1,489.46 | 13.30% |
1922 | $1,517.56 | 1.89% |
1923 | $1,561.59 | 2.90% |
1924 | $1,613.11 | 3.30% |
1925 | $1,619.05 | 0.37% |
1926 | $1,598.75 | -1.25% |
1927 | $1,572.21 | -1.66% |
1928 | $1,534.74 | -2.38% |
1929 | $1,498.83 | -2.34% |
1930 | $1,455.11 | -2.92% |
1931 | $1,372.37 | -5.69% |
1932 | $1,216.24 | -11.38% |
1933 | $1,052.30 | -13.48% |
1934 | $999.22 | -5.04% |
1935 | $1,002.34 | 0.31% |
1936 | $1,025.76 | 2.34% |
1937 | $1,076.35 | 4.93% |
1938 | $1,109.13 | 3.05% |
1939 | $1,110.07 | 0.08% |
1940 | $1,112.75 | 0.24% |
1941 | $1,131.33 | 1.67% |
1942 | $1,156.55 | 2.23% |
1943 | $1,156.55 | 0.00% ** |
1944 | $1,159.04 | 0.22% |
1945 | $1,162.53 | 0.30% |
1946 | $1,170.02 | 0.64% |
1947 | $1,208.07 | 3.25% |
1948 | $1,288.06 | 6.62% |
1949 | $1,343.90 | 4.34% |
1950 | $1,393.62 | 3.70% |
1951 | $1,448.39 | 3.93% |
1952 | $1,508.92 | 4.18% |
1953 | $1,588.18 | 5.25% |
1954 | $1,644.75 | 3.56% |
1955 | $1,667.81 | 1.40% |
1956 | $1,698.43 | 1.84% |
1957 | $1,731.22 | 1.93% |
1958 | $1,762.93 | 1.83% |
1959 | $1,788.15 | 1.43% |
1960 | $1,814.45 | 1.47% |
1961 | $1,837.51 | 1.27% |
1962 | $1,860.21 | 1.24% |
1963 | $1,878.94 | 1.01% |
1964 | $1,898.40 | 1.04% |
1965 | $1,917.13 | 0.99% |
1966 | $1,943.43 | 1.37% |
1967 | $1,978.38 | 1.80% |
1968 | $2,025.94 | 2.40% |
1969 | $2,091.52 | 3.24% |
1970 | $2,177.99 | 4.13% |
1971 | $2,278.87 | 4.63% |
1972 | $2,357.41 | 3.45% |
1973 | $2,460.10 | 4.36% |
1974 | $2,583.32 | 5.01% |
1975 | $2,716.63 | 5.16% |
1976 | $2,863.63 | 5.41% |
1977 | $3,035.85 | 6.01% |
1978 | $3,244.82 | 6.88% |
1979 | $3,481.90 | 7.31% |
1980 | $3,789.95 | 8.85% |
1981 | $4,118.90 | 8.68% |
1982 | $4,431.99 | 7.60% |
1983 | $4,688.16 | 5.78% |
1984 | $4,931.72 | 5.20% |
1985 | $5,234.73 | 6.14% |
1986 | $5,539.90 | 5.83% |
1987 | $5,767.97 | 4.12% |
1988 | $5,987.75 | 3.81% |
1989 | $6,220.50 | 3.89% |
1990 | $6,482.80 | 4.22% |
1991 | $6,712.66 | 3.55% |
1992 | $6,880.92 | 2.51% |
1993 | $7,041.61 | 2.34% |
1994 | $7,213.48 | 2.44% |
1995 | $7,390.02 | 2.45% |
1996 | $7,585.66 | 2.65% |
1997 | $7,806.52 | 2.91% |
1998 | $8,059.81 | 3.24% |
1999 | $8,313.10 | 3.14% |
2000 | $8,614.66 | 3.63% |
2001 | $8,998.38 | 4.45% |
2002 | $9,352.19 | 3.93% |
2003 | $9,626.01 | 2.93% |
2004 | $9,883.98 | 2.68% |
2005 | $10,179.79 | 2.99% |
2006 | $10,542.97 | 3.57% |
2007 | $10,991.99 | 4.26% |
2008 | $11,394.43 | 3.66% |
2009 | $11,653.94 | 2.28% |
2010 | $11,680.81 | 0.23% |
2011 | $11,880.01 | 1.71% |
2012 | $12,195.17 | 2.65% |
2013 | $12,539.79 | 2.83% |
2014 | $12,934.98 | 3.15% |
2015 | $13,397.28 | 3.57% |
2016 | $13,902.59 | 3.77% |
2017 | $14,432.91 | 3.81% |
2018 | $14,954.98 | 3.62% |
2019 | $15,509.31 | 3.71% |
2020 | $15,993.81 | 3.12% |
2021 | $16,352.91 | 2.25% |
2022 | $17,339.53 | 6.03% |
2023 | $18,718.62 | 7.95% |
2024 | $19,606.15 | 4.74%* |
* 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 Rent of primary residence:
Year | 1913 | 1914 | 1915 | 1916 | 1917 | 1918 | 1919 | 1920 | 1921 | 1922 | 1923 | 1924 | 1925 | 1926 | 1927 | 1928 | 1929 | 1930 | 1931 | 1932 | 1933 | 1934 | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 | 1949 | 1950 | 1951 | 1952 | 1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 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 | 2022 | 2023 | 2024 |
CPI | 21.000 | 21.000 | 21.150 | 21.350 | 21.100 | 21.750 | 23.700 | 28.067 | 31.800 | 32.400 | 33.340 | 34.440 | 34.567 | 34.133 | 33.567 | 32.767 | 32.000 | 31.067 | 29.300 | 25.967 | 22.467 | 21.333 | 21.400 | 21.900 | 22.980 | 23.680 | 23.700 | 23.757 | 24.154 | 24.692 | 24.692 | 24.745 | 24.820 | 24.980 | 25.792 | 27.500 | 28.692 | 29.754 | 30.923 | 32.215 | 33.908 | 35.115 | 35.608 | 36.262 | 36.962 | 37.638 | 38.177 | 38.738 | 39.231 | 39.715 | 40.115 | 40.531 | 40.931 | 41.492 | 42.238 | 43.254 | 44.654 | 46.500 | 48.654 | 50.331 | 52.523 | 55.154 | 58.000 | 61.138 | 64.815 | 69.277 | 74.338 | 80.915 | 87.938 | 94.623 | 100.092 | 105.292 | 111.762 | 118.277 | 123.146 | 127.838 | 132.808 | 138.408 | 143.315 | 146.908 | 150.338 | 154.008 | 157.777 | 161.954 | 166.669 | 172.077 | 177.485 | 183.923 | 192.115 | 199.669 | 205.515 | 211.023 | 217.338 | 225.092 | 234.679 | 243.271 | 248.812 | 249.385 | 253.638 | 260.367 | 267.725 | 276.162 | 286.032 | 296.820 | 308.143 | 319.289 | 331.124 | 341.468 | 349.135 | 370.199 | 399.643 | 418.591 |