Rent priced at $1,000 in 2002 $1,826.88 in 2022

Rent Inflation Calculator

$

Prices for Rent, 2002-2022 ($1,000)

According to the U.S. Bureau of Labor Statistics, prices for rent of primary residence are 82.69% higher in 2022 versus 2002 (a $826.88 difference in value).

Between 2002 and 2022: Rent experienced an average inflation rate of 3.06% per year. This rate of change indicates significant inflation. In other words, rent costing $1,000 in the year 2002 would cost $1,826.88 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.42% during this same period, inflation for rent was higher.

In the year 2002: Pricing changed by 3.93%, which is above the average yearly change for rent during the 2002-2022 time period. Compared to inflation for all items in 2002 (1.59%), inflation for rent was higher.

Price Inflation for Rent of primary residence since 1913

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1920 (18.42%), 1933 (-13.48%), and 1921 (13.30%).

View price changes for other categories
Indoor plants and flowers · College tuition and fees · Women's apparel · Juices and nonalcoholic drinks · More

Buying power of $1,000.00 since 2002

Below are calculations of equivalent buying power for Rent, over time, for $1,000 beginning in 2002. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2002$1,000.003.93%
2003$1,029.282.93%
2004$1,056.862.68%
2005$1,088.492.99%
2006$1,127.333.57%
2007$1,175.344.26%
2008$1,218.373.66%
2009$1,246.122.28%
2010$1,248.990.23%
2011$1,270.291.71%
2012$1,303.992.65%
2013$1,340.842.83%
2014$1,383.103.15%
2015$1,432.533.57%
2016$1,486.563.77%
2017$1,543.273.81%
2018$1,599.093.62%
2019$1,658.363.71%
2020$1,710.173.12%
2021$1,748.572.25%
2022$1,826.884.48%*

* 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:

Year19131914191519161917191819191920192119221923192419251926192719281929193019311932193319341935193619371938193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI21.00021.00021.15021.35021.10021.75023.70028.06731.80032.40033.34034.44034.56734.13333.56732.76732.00031.06729.30025.96722.46721.33321.40021.90022.98023.68023.70023.75724.15424.69224.69224.74524.82024.98025.79227.50028.69229.75430.92332.21533.90835.11535.60836.26236.96237.63838.17738.73839.23139.71540.11540.53140.93141.49242.23843.25444.65446.50048.65450.33152.52355.15458.00061.13864.81569.27774.33880.91587.93894.623100.092105.292111.762118.277123.146127.838132.808138.408143.315146.908150.338154.008157.777161.954166.669172.077177.485183.923192.115199.669205.515211.023217.338225.092234.679243.271248.812249.385253.638260.367267.725276.162286.032296.820308.143319.289331.124341.468349.135364.772

Adjust rent prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2002 * 2002 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Rent of primary residence was 199.669 in the year 2002 and 364.772 in 2022:

364.772 / 199.669 * $1,000 = $1,826.88

Therefore, according to U.S. Bureau of Labor Statistics, $1,000 in 2002 has the same "purchasing power" as $1,826.88 in 2022 (in the CPI category of Rent of primary residence).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Rent of primary residence in 1913. In addition to rent, 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.