Shelter priced at $20 in 1960 $316.54 in 2024

Shelter Inflation Calculator

$

Prices for Shelter, 1960-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for shelter are 1,482.69% higher in 2024 versus 1960 (a $296.54 difference in value).

Between 1960 and 2024: Shelter experienced an average inflation rate of 4.41% per year. This rate of change indicates significant inflation. In other words, shelter costing $20 in the year 1960 would cost $316.54 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.76% during this same period, inflation for shelter was higher.

In the year 1960: Pricing changed by 2.02%, which is below the average yearly change for shelter during the 1960-2024 time period. Compared to inflation for all items in 1960 (1.48%), inflation for shelter was higher.

Price Inflation for Shelter since 1952

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (17.55%), 1979 (13.90%), and 1981 (11.72%).

View price changes for other categories
Electricity · Detroit, Michigan · Juices and nonalcoholic drinks · Food · More

Buying power of $20.00 since 1960

Below are calculations of equivalent buying power for Shelter, over time, for $20 beginning in 1960. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1960$20.002.02%
1961$20.170.85%
1962$20.401.12%
1963$20.661.32%
1964$21.011.65%
1965$21.401.86%
1966$22.042.99%
1967$22.803.49%
1968$23.884.73%
1969$25.828.12%
1970$28.179.09%
1971$29.354.18%
1972$30.664.47%
1973$32.094.65%
1974$35.209.71%
1975$38.689.87%
1976$40.805.50%
1977$43.556.74%
1978$47.9510.09%
1979$54.6213.90%
1980$64.2017.55%
1981$71.7311.72%
1982$76.807.08%
1983$78.582.31%
1984$82.434.90%
1985$87.055.60%
1986$91.815.47%
1987$96.114.68%
1988$100.744.82%
1989$105.294.52%
1990$110.965.39%
1991$115.954.49%
1992$119.853.36%
1993$123.453.00%
1994$127.243.08%
1995$131.343.22%
1996$135.573.23%
1997$139.733.07%
1998$144.353.31%
1999$148.442.83%
2000$153.273.25%
2001$158.983.73%
2002$164.953.75%
2003$168.932.41%
2004$173.472.69%
2005$177.902.55%
2006$184.013.43%
2007$190.733.65%
2008$195.532.52%
2009$197.661.09%
2010$196.90-0.38%
2011$199.481.31%
2012$203.792.16%
2013$208.522.32%
2014$214.432.83%
2015$221.003.06%
2016$228.483.38%
2017$236.063.32%
2018$243.883.31%
2019$252.123.38%
2020$258.322.46%
2021$265.212.67%
2022$280.805.88%
2023$301.737.45%
2024$316.544.91%*

* 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 Shelter:

Year1952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI21.60022.00022.48522.74623.12323.96224.46924.73125.23125.44625.73126.06926.50026.99227.80028.76930.13132.57735.53837.02338.67740.47744.40848.79251.47754.94660.49268.90080.99290.48596.89299.131103.992109.815115.823121.246127.085132.831139.985146.277151.192155.731160.523165.685171.031176.277182.108187.262193.354200.562208.092213.115218.838224.423232.131240.611246.666249.354248.396251.646257.083263.056270.513278.803288.230297.803307.663318.053325.886334.575354.235380.643399.325

Adjust shelter prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1960 * 1960 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Shelter was 25.231 in the year 1960 and 399.325 in 2024:

399.325 / 25.231 * $20 = $316.54

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1960 has the same "purchasing power" as $316.54 in 2024 (in the CPI category of Shelter).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Shelter in 1952. In addition to shelter, 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.