For historical comparisons this might be useful:
https://www.usinflationcalculator.com/
The 45 per hr wet rate I paid for a C150 in 2002 is about 76 today. I think it would be difficult to find a decent C150 for under 100 today.
The historical trend of rental prices has had me puzzled for a while
It seemed to me that there was an unexplainable leap upwards in rental rates right around the year 2000. I've had that impression since then, but of course, my memory is fuzzy on some of the particulars and there were some moves to different cities involved
I really wish that I had saved notes on what I have paid through the years, but I do have a pretty good handle on it. Now I'm curious, so I'll think this through....
Back in the early 1990's when I was most active in my flying, at KJGG in Virginia I'm pretty confident that I was paying something like
- $35/hour wet for a C152, I think it was $32/hr on block rate (adjusting for inflation, that's $85.14/hr today, or $77.84 block)
- & I think the C172N was in the $42-$45 range (adjusted $102.17 to $109.47)
- I really wish that I could remember what I paid for renting the Piper Apache, the C177RG, and the Mooney M20F
* aircraft decently equipped and maintained
A couple moves to other cities later, I'm fuzzier on what I was paying in 1999, but in the Atlanta are at KRYY.
- C-172N and 172P, for a similarly equipped 172 I want to say I was paying something in the ballpark of $65/hour (adjusted $121.65 today)
- I don't recall what I was paying for the C152, the C172RG, or the C182 there
Another move landed me in the Jacksonville FL area, a couple years later, in 2002
- C-172N - I remember a similarly equipped and decent 172N eating up most of Ben Franklin...say $85 (adjusted $147.56/hr)
- C-177RG - I want to say it was in the $140 ballpark (adjusted $243.04/hr)
- C182P - memory is a lot fuzzier, but maybe $150 to $160 range ($260-$278)
Today, 2024
- C172N - poorly equipped and poorly maintained dogged out piece of garbage rents for $165/hr. I want to say it was around $145 about 4 years ago, so holding steadier for a while)
- C150 - I don't know the condition, rents for $125/hr
all of these are wet rates
(THe inflation adjustments are according to the first calculator google served up to me, https://www.amortization.org)