ANNUAL U.S. ECONOMIC SNAPSHOT · 2020s DECADE
The U.S. Economy & Cost of Living in 2023
In 2023, U.S. CPI inflation averaged 4.12%, civilian unemployment stood at 3.62%, and real GDP grew by 2.92%. Due to cumulative inflation since 2023, $100 in 2023 has the same purchasing power as $106.00 in 2025.
2023 CPI Inflation 4.12% CPI: 304.7
$100 in 2023 Worth $106.00 In 2025 dollars
Unemployment 3.62% Civilian U-3
Real GDP Growth 2.92% $27,826B nominal
Median Home Price $426,525 5.29x income
Mortgage Rate (FHFA) 6.5% 10Y Yield: 3.96%
2023 vs. 2025 U.S. Economic & Cost-of-Living Benchmark Table
| Economic Indicator | In 2023 | In 2025 | Full Series |
|---|---|---|---|
| CPI-U Inflation Rate (Annual %) | 4.12% | 2.63% | History → |
| Purchasing Power of $100 in 2025 USD | $100.00 | $106.00 | History → |
| Civilian Unemployment Rate (%) | 3.62% | 4.26% | History → |
| Real GDP Growth Rate (% YoY) | 2.92% | 2.34% | History → |
| Nominal U.S. GDP ($ Billions) | $27,825.9B | $30,861.3B | History → |
| Real GDP Per Capita (Chained 2017 USD) | $67,412 | $70,020 | History → |
| Median Home Sales Price (Nominal USD) | $426,525 | $415,400 | History → |
| Median Home Price-to-Income Ratio | 5.29x | 4.75x | History → |
| Mortgage Origination Rate (FHFA, %) | 6.5% | 6.3% | History → |
| 10-Year U.S. Treasury Yield (%) | 3.96% | 4.29% | History → |
| Federal Minimum Wage (Nominal vs 2025 Real) | $7.25 ($7.66 in 2025 USD) | $7.25 | History → |
| Regular Gasoline Price (USD / Gallon) | $3.66 | $3.26 | History → |
| Federal Public Debt (% of GDP) | 117.7% | 120.7% | History → |
| Federal Budget Surplus / Deficit (% of GDP) | -6.07% | -5.77% | History → |
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