Atlanta, Georgia prices: $240,000 in 1923 → $4,262,956.39 in 2024

Inflation in Georgia

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Prices in Atlanta, 1923-2024 ($240,000)

According to the U.S. Bureau of Labor Statistics, prices in Atlanta, Georgia are 1,676.23% higher in 2024 versus 1923 (a $4,022,956.39 difference in value).

Between 1923 and 2024: Atlanta experienced an average inflation rate of 2.89% per year. This rate of change indicates significant inflation. In other words, $240,000 in Atlanta in the year 1923 would cost $4,262,956.39 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.93% during this same period, inflation in Atlanta was lower.

In the year 1923: Pricing changed by 0.14%, which is below the average yearly change in Atlanta during the 1923-2024 time period. Compared to inflation for all items in 1923 (1.79%), inflation in Atlanta was lower.

Price Inflation in Atlanta, Georgia since 1917

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1998 (37.33%), 1919 (21.47%), and 1947 (16.95%).
View price changes for other categories
Wine at home · Airline fares · Bread · San Francisco, California · More

Buying power of $240,000.00 since 1923

Below are calculations of equivalent buying power in Atlanta, over time, for $240,000 beginning in 1923. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1923$240,000.000.14%
1924$237,149.64-1.19%
1925$241,938.242.02%
1926$247,752.972.40%
1927$244,902.61-1.15%
1928$236,807.60-3.31%
1929$235,097.39-0.72%
1930$228,370.55-2.86%
1931$207,277.91-9.24%
1932$185,843.23-10.34%
1933$172,047.51-7.42%
1934$178,774.353.91%
1935$184,361.053.12%
1936$188,009.501.98%
1937$192,798.102.55%
1938$188,807.60-2.07%
1939$186,869.36-1.03%
1940$186,299.29-0.31%
1941$195,192.404.77%
1942$216,513.0610.92%
1943$232,019.007.16%
1944$236,351.541.87%
1945$244,674.583.52%
1946$259,610.456.10%
1947$303,619.9516.95%
1948$324,940.627.02%
1949$325,510.690.18%
1950$327,904.990.74%
1951$359,144.899.53%
1952$369,178.152.79%
1953$373,282.661.11%
1954$372,826.60-0.12%
1955$370,432.30-0.64%
1956$375,790.971.45%
1957$385,938.242.70%
1958$396,313.542.69%
1959$398,593.820.58%
1960$404,978.621.60%
1961$407,144.890.53%
1962$410,451.310.81%
1963$413,643.710.78%
1964$420,256.531.60%
1965$425,729.221.30%
1966$438,498.813.00%
1967$452,636.583.22%
1968$470,308.793.90%
1969$497,558.195.79%
1970$526,061.765.73%
1971$550,916.864.72%
1972$567,904.993.08%
1973$602,223.286.04%
1974$667,553.4410.85%
1975$730,033.259.36%
1976$765,263.664.83%
1977$810,299.295.88%
1978$870,954.877.49%
1979$959,885.9910.21%
1980$1,092,826.6013.85%
1981$1,229,643.7112.52%
1982$1,310,935.876.61%
1983$1,364,864.614.11%
1984$1,422,441.814.22%
1985$1,486,859.864.53%
1986$1,533,377.673.13%
1987$1,552,874.111.27%
1988$1,552,874.110.00% **
1989$1,552,874.110.00% **
1990$1,552,874.110.00% **
1991$1,552,874.110.00% **
1992$1,552,874.110.00% **
1993$1,552,874.110.00% **
1994$1,552,874.110.00% **
1995$1,552,874.110.00% **
1996$1,552,874.110.00% **
1997$1,605,206.653.37%
1998$2,204,351.5437.33%
1999$2,251,553.442.14%
2000$2,331,021.383.53%
2001$2,409,463.183.37%
2002$2,437,510.691.16%
2003$2,472,399.051.43%
2004$2,503,524.941.26%
2005$2,581,852.733.13%
2006$2,648,437.052.58%
2007$2,732,001.523.16%
2008$2,828,048.273.52%
2009$2,748,000.00-2.83%
2010$2,782,623.851.26%
2011$2,857,435.442.69%
2012$2,909,842.091.83%
2013$2,956,082.851.59%
2014$3,022,092.542.23%
2015$3,032,066.510.33%
2016$3,081,967.131.65%
2017$3,182,411.403.26%
2018$3,261,226.032.48%
2019$3,328,963.042.08%
2020$3,372,018.241.29%
2021$3,570,491.975.89%
2022$3,952,639.2410.70%
2023$4,154,485.515.11%
2024$4,262,956.392.61%*

* 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 Atlanta, Georgia:

Year191719181919192019211922192319241925192619271928192919301931193219331934193519361937193819391940194119421943194419451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI15.20015.45018.76721.90019.39217.51717.54217.33317.68318.10817.90017.30817.18316.69215.15013.58312.57513.06713.47513.74214.09213.80013.65813.61714.26715.82516.95817.27517.88318.97522.19223.75023.79223.96726.25026.98327.28327.25027.07527.46728.20828.96729.13329.60029.75830.00030.23330.71731.11732.05033.08334.37536.36738.45040.26741.50844.01748.79253.35855.93359.22563.65870.15879.87589.87595.81799.758103.967108.675112.075113.500113.500113.500113.500113.500113.500113.500113.500113.500113.500117.325161.117164.567170.375176.108178.158180.708182.983188.708193.575199.683206.703200.852203.383208.851212.681216.061220.886221.615225.262232.603238.364243.315246.462260.968288.899303.652311.581

Adjust Atlanta prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1923 * 1923 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Atlanta, Georgia was 17.542 in the year 1923 and 311.581 in 2024:

311.581 / 17.542 * $240,000 = $4,262,956.39

Therefore, according to U.S. Bureau of Labor Statistics, $240,000 in 1923 has the same "purchasing power" as $4,262,956.39 in 2024 (in the CPI category of Atlanta, Georgia).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Atlanta, Georgia in 1917. In addition to Atlanta, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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