How much has cost of living risen since 2002?

Since 2002, the cost of living has risen significantly, with inflation affecting various expenses such as housing, food, and healthcare. According to the Consumer Price Index (CPI), the overall inflation rate in the U.S. has increased by approximately 50% by 2023. This means that what $1 could buy in 2002 would require about $1.50 today. However, the specific impact can vary widely based on location and individual circumstances.