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

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

This article covers Netflix's Premium Plan. This plan is Netflix's most expensive and supports 4K streaming on up to 4 devices simultaneously.

Netflix also offers cheaper plans with some restrictions in image and sound quality as well as simultaneous streams. Those are the Standard Plan, and the Basid Plan

Price evolution of Netflix's Premium Plan

The average price of a monthly subscription to Netflix's Premium Plan between 2014 and 2023 was $15.19, with the lowest price being $11.99 in 2014 and the highest $19.99 in 2022 (at least within the timeframe we have data for).

Absolute price of Netflix's Premium 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 Premium Plan in the the United States has gone from $11.99 in 2014 to $19.99 in 2023. That's an absolute increase of $8.00, or 66.72% 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 Premium 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 $2, or 16.68% in 2018.

Inflation-adjusted price of Netflix's Premium 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 Premium 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 Premium Plan also peaked in 2022, when it cost $22.72 (in today's money), and was at its lowest in 2017 when it sold for $15.39.

Even when adjusting for inflation, the biggest price increase of Netflix's Premium Plan was still in 2018. However, the $2 jump actually felt like $2.19 to the consumer due, to the effect of inflation.

The average price of Netflix's Premium Plan during this period of time, adjusting for inflation, has been $18.41, and the most current price of $19.99 is 8.58% above that average.

Conclusion

The absolute price of Netflix's Premium Plan has increased by $8.00 ($66.72%) 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 Premium Plan, we see that it has varied ± 19.91% over this period of time, and is currently 8.61% more expensive than the average over these years .

Even when adjusting prices for inflation, Netflix's Premium Plan prices are still higher in 2023 than they were in 2014. Although, considering the complexity of the economy, that price increase is not huge.

We can consider that the price of Netflix's Premium Plan has remained maily stable over this period of time. It sure had some ups and downs, like in 2018 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 Premium Plan in the the United States