Boston, Massachusetts prices: $440,000 in 1927 → $8,357,631.71 in 2025

Inflation in Massachusetts

$

Prices in Boston, 1927-2025 ($440,000)

According to the U.S. Bureau of Labor Statistics, prices in Boston, Massachusetts are 1,799.46% higher in 2025 versus 1927 (a $7,917,631.71 difference in value).

Between 1927 and 2025: Boston experienced an average inflation rate of 3.05% per year. This rate of change indicates significant inflation. In other words, $440,000 in Boston in the year 1927 would cost $8,357,631.71 in 2025 for an equivalent purchase. Compared to the overall inflation rate of 3.01% during this same period, inflation in Boston was higher.

In the year 1927: Pricing changed by -1.05%, which is significantly below the average yearly change in Boston during the 1927-2025 time period. Compared to inflation for all items in 1927 (-1.91%), inflation in Boston was higher.

Price Inflation in Boston, Massachusetts since 1914

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1919 (21.27%), 1918 (17.79%), and 1920 (17.25%).
View price changes for other categories
Fresh fruits · Legal services · Educational books and supplies · Medical care · More

Buying power of $440,000.00 since 1927

Below are calculations of equivalent buying power in Boston, over time, for $440,000 beginning in 1927. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1927$440,000.00-1.05%
1928$431,483.87-1.94%
1929$429,456.22-0.47%
1930$426,414.75-0.71%
1931$393,364.06-7.75%
1932$354,635.94-9.85%
1933$331,115.21-6.63%
1934$341,456.223.12%
1935$348,553.002.08%
1936$350,580.650.58%
1937$358,488.482.26%
1938$349,364.06-2.55%
1939$344,092.17-1.51%
1940$347,336.410.94%
1941$362,746.544.44%
1942$401,474.6510.68%
1943$422,562.215.25%
1944$427,225.811.10%
1945$435,944.702.04%
1946$471,631.348.19%
1947$536,921.6613.84%
1948$581,124.428.23%
1949$574,027.65-1.22%
1950$581,529.951.31%
1951$620,460.836.69%
1952$634,046.082.19%
1953$635,668.200.26%
1954$638,101.380.38%
1955$641,142.860.48%
1956$658,783.412.75%
1957$681,898.623.51%
1958$703,797.243.21%
1959$709,271.890.78%
1960$722,654.381.89%
1961$733,603.691.52%
1962$749,419.352.16%
1963$764,626.732.03%
1964$774,967.741.35%
1965$789,566.821.88%
1966$813,898.623.08%
1967$835,188.942.62%
1968$868,036.873.93%
1969$916,092.175.54%
1970$972,055.306.11%
1971$1,023,760.375.32%
1972$1,060,258.063.57%
1973$1,119,262.675.57%
1974$1,234,838.7110.33%
1975$1,346,156.689.01%
1976$1,455,649.778.13%
1977$1,529,861.755.10%
1978$1,611,576.045.34%
1979$1,773,788.0210.07%
1980$1,998,857.1412.69%
1981$2,225,953.9211.36%
1982$2,321,253.464.28%
1983$2,423,852.534.42%
1984$2,543,078.344.92%
1985$2,655,815.674.43%
1986$2,728,405.532.73%
1987$2,844,792.634.27%
1988$3,011,870.975.87%
1989$3,187,465.445.83%
1990$3,371,981.575.79%
1991$3,524,866.364.53%
1992$3,610,838.712.44%
1993$3,718,304.152.98%
1994$3,765,345.621.27%
1995$3,855,778.802.40%
1996$3,968,516.132.92%
1997$4,082,875.582.88%
1998$4,174,930.882.25%
1999$4,275,907.832.42%
2000$4,459,207.374.29%
2001$4,656,700.464.43%
2002$4,775,520.742.55%
2003$4,952,331.803.70%
2004$5,094,267.282.87%
2005$5,255,668.203.17%
2006$5,423,557.603.19%
2007$5,525,645.711.88%
2008$5,728,268.763.67%
2009$5,681,697.70-0.81%
2010$5,774,924.981.64%
2011$5,927,919.262.65%
2012$6,023,668.941.62%
2013$6,107,455.481.39%
2014$6,207,649.771.64%
2015$6,247,014.560.63%
2016$6,333,128.851.38%
2017$6,494,667.652.55%
2018$6,704,160.373.23%
2019$6,838,767.932.01%
2020$6,912,391.891.08%
2021$7,126,134.563.09%
2022$7,639,640.927.21%
2023$7,925,308.393.74%
2024$8,178,930.883.20%
2025$8,357,631.712.18%*

* 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 Boston, Massachusetts:

Year1914191519161917191819191920192119221923192419251926192719281929193019311932193319341935193619371938193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025
CPI10.50010.51710.81712.27514.45817.53320.55818.71717.05817.31717.43317.62518.27518.08317.73317.65017.52516.16714.57513.60814.03314.32514.40814.73314.35814.14214.27514.90816.50017.36717.55817.91719.38322.06723.88323.59223.90025.50026.05826.12526.22526.35027.07528.02528.92529.15029.70030.15030.80031.42531.85032.45033.45034.32535.67537.65039.95042.07543.57546.00050.75055.32559.82562.87566.23372.90082.15091.48395.40099.617104.517109.150112.133116.917123.783131.000138.583144.867148.400152.817154.750158.467163.100167.800171.583175.733183.267191.383196.267203.533209.367216.000222.900227.096235.423233.509237.341243.629247.564251.007255.125256.743260.282266.921275.531281.063284.089292.873313.978325.718336.142343.486

Adjust Boston prices for inflation

Start with the inflation rate formula:

CPI in 2025 / CPI in 1927 * 1927 USD value = 2025 USD value

Then plug in historical CPI values from above. The CPI for Boston, Massachusetts was 18.083 in the year 1927 and 343.486 in 2025:

343.486 / 18.083 * $440,000 = $8,357,631.71

Therefore, according to U.S. Bureau of Labor Statistics, $440,000 in 1927 has the same "purchasing power" as $8,357,631.71 in 2025 (in the CPI category of Boston, Massachusetts).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Boston, Massachusetts in 1914. In addition to Boston, 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.