According to the U.S. Bureau of Labor Statistics, prices for rent of primary residence were 30.55% higher in 2019 versus 2011 (a $305.50 difference in value).
Between 2011 and 2019: Rent experienced an average inflation rate of 3.39% per year. This rate of change indicates significant inflation. In other words, rent costing $1,000 in the year 2011 would cost $1,305.50 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 1.61% during this same period, inflation for rent was higher.
In the year 2011: Pricing changed by 1.71%, which is below the average yearly change for rent during the 2011-2019 time period. Compared to inflation for all items in 2011 (3.16%), inflation for rent was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Rent of primary residence:
Below are calculations of equivalent buying power for Rent, over time, for $1000 beginning in 2011. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|