Residential rents in urban areas in the United States have grown faster than the general basket of products and services of the urban population. In December 2023, the consumer price index (CPI) for rent of primary residences reached almost 411 index points, more than 100 index points more than the CPI for all items. The CPI measures the development of prices, with 1984 chosen as a base year. An index value of 400 indicates that rents have quadrupled since 1984.
Consumer price index (CPI) for rent of primary residence compared to CPI for all items in the United States from 2000 to 2023
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St. Louis Fed. (November 22, 2024). Consumer price index (CPI) for rent of primary residence compared to CPI for all items in the United States from 2000 to 2023 [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1440254/cpi-rent-primary-residence-usa/
St. Louis Fed. "Consumer price index (CPI) for rent of primary residence compared to CPI for all items in the United States from 2000 to 2023." Chart. November 22, 2024. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1440254/cpi-rent-primary-residence-usa/
St. Louis Fed. (2024). Consumer price index (CPI) for rent of primary residence compared to CPI for all items in the United States from 2000 to 2023. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1440254/cpi-rent-primary-residence-usa/
St. Louis Fed. "Consumer Price Index (Cpi) for Rent of Primary Residence Compared to Cpi for All Items in The United States from 2000 to 2023." Statista, Statista Inc., 22 Nov 2024, https://www.statista.com/statistics/1440254/cpi-rent-primary-residence-usa/
St. Louis Fed, Consumer price index (CPI) for rent of primary residence compared to CPI for all items in the United States from 2000 to 2023 Statista, https://www.statista.com/statistics/1440254/cpi-rent-primary-residence-usa/ (last visited November 22, 2024)
Consumer price index (CPI) for rent of primary residence compared to CPI for all items in the United States from 2000 to 2023 [Graph], St. Louis Fed, November 22, 2024. [Online]. Available: https://www.statista.com/statistics/1440254/cpi-rent-primary-residence-usa/
