Price evolution of Netflix's Basic Plan in the United States

1. Relevance of the price of Netflix's Basic Plan
2. Price evolution of Netflix's Basic Plan
   1. Absolute price of Netflix's Basic Plan per year
   2. Inflation adjusted price of Netflix's Basic Plan per year
3. Conclusion
4. FAQs about Netflix's Basic Plan's price in the the United States
5. Price evolution table and full chart

This article covers Netflix's Basic Plan. This plan is tailored towards clients on a budget and only supports 720p HD resolutions and can only play on one device at a time.

Netflix also offers other plans that allow for higher quality image and sound, as well as playing on multiple devices simultaneously. Those are the Standard Plan, and the Premium Plan, which offers higher image quality and more simultaneous screens.

Price evolution of Netflix's Basic Plan

The average price of a monthly subscription to Netflix's Basic Plan between 2014 and 2023 was $8.69, with the lowest price being $7.99 in 2014 and the highest $9.99 in 2022 (at least within the timeframe we have data for).

Absolute price of Netflix's Basic Plan per year

We collected data from several sources in order to write this article. You can check such sources at: The Verge and Netflix .

The absolute price of Netflix's Basic Plan in the the United States has gone from $7.99 in 2014 to $9.99 in 2023. That's an absolute increase of $2, or 25.03% in a period of 9 years. (go to the next section for inflation-adjusted values).

Now, if you are hoping for a decrease in the price of Netflix's Basic Plan in the future, don't hold your breath. Considering that the price has only increased during a period of 9 years (like literally every year), there's no reason to believe that trend will change any time soon.

The biggest price increase was $1, or 12.52% in 2019.

Inflation-adjusted price of Netflix's Basic Plan per year

As accurate as the information above might be, it can also be somehow deceiving. This is because the value of money changes over time, usually decreasing. That means that $1 of today's money cannot buy as much as $1 in the past. This phenomenon is called inflation, and can make it complicated to compare historical pricing data. Luckily, we can adjust for it and calculate what a dollar value of the past would be equal to in today's money.

So let's not take a look at the evolution of the price of Netflix's Basic Plan in the the United States, in that same 9 years period between 2014 and 2023, but adjusting prices to inflation (aka. in today's money).

When we adjust for inflation, we see that the price of Netflix's Basic Plan also peaked in 2022, when it cost $11.36 (in today's money), and was at its lowest in 2018 when it sold for $10.04.

Even when adjusting for inflation, the biggest price increase of Netflix's Basic Plan was still in 2019. However, the $1 jump actually felt like $0.99 to the consumer due, to the effect of inflation.

The average price of Netflix's Basic Plan during this period of time, adjusting for inflation, has been $10.61, and the most current price of $9.99 is 5.84% below that average. Enjoy it while it lasts!

Conclusion

The absolute price of Netflix's Basic Plan has increased by $2 ($25.03%) since 2014. But that comes as no surprise, as prices always tend to increase over time due to inflation.

Now, as we've explained earlier, the absolute price of a product does not necessarily represent its affordability fairly. For that we have to look at its inflation adjusted price, or in other words, the price evolution in today's money.

When we look at the inflation-adjusted price of Netflix's Basic Plan, we see that it has varied ± 6.22% over this period of time, and is currently 5.82% cheaper than the average over these years.

So not everything is bad news after all!

Even at $9.99 (per monthly subscription), Netflix's Basic Plan is actually more afordable in 2023 than it was in 2014.

So if there had to be one single take away from this article it would be this: The average person has to make less of an economic effort to purchase Netflix's Basic Plan today than in the past.

We can consider that the price of Netflix's Basic Plan has remained maily stable over this period of time. It sure had some ups and downs, like in 2019 and , but considering the magnitude and complexity of the global economy its price has mainly kept up with inflation.

FAQs about the price of Netflix's Basic Plan in the the United States