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Value of 1914 US Dollars today

$100 in 1914
$3,141.08 in 2024

The inflation rate in the United States between 1914 and today has been 3,041.08%, which translates into a total increase of $3,041.08. This means that 100 dollars in 1914 are equivalent to 3,141.08 dollars in 2024. In other words, the purchasing power of $100 in 1914 equals $3,141.08 today. The average annual inflation rate between these periods has been 3.18%.

Inflation timeline in the United States (1914 - 2024)

The following chart depicts the equivalence of $100 due to compound inflation and CPI changes. All values are equivalent in terms of purchasing power, which means that for each year the same goods or services could be bought with the indicated amount of money.

All calculations are performed in the local currency (USD) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability. Inflation data is provided by governments and international institutions on a monthly basis. Today's values were extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1914-2023 2,941.95%
Cumulative inflation 1914-today 3,041.08%
Avg. Annual inflation 1914-2023 3.18%
CPI 1914 10.02
CPI 2023 304.7
CPI 2024-05 (latest official data) 314.07
CPI today 314.63

How to calculate today's value of money after inflation?

There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the Consumer Price Index (CPI) formula or the compound interest formula.

Using the CPI formula

When we have both the start and end years, we can use the following formula:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 1914 and 2023, use the corresponding CPI values:

Value2023
=Value1914 ×
CPI2023/CPI1914
=$ 100 ×
304.7/10.02
$3,041.95

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 314.63:

Valuetoday
=Value1914 ×
CPItoday/CPI1914
=$ 100 ×
314.63/10.02
$3,141.08

Alternative: Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: FV = PV × (1 + i)n, where:

  • FV: Future Value
  • PV: Present Value
  • i: Interest rate (inflation)
  • n: Number of times the interest is compounded (i.e. # of years)

In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much are $100 worth today. There are 109 years between 1914 and 2023 and the average inflation rate was 3.1827%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.031827)109
$3,041.95

US inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1914 $30.42 dollars in 2023
$5 dollars in 1914 $152.1 dollars in 2023
$10 dollars in 1914 $304.19 dollars in 2023
$50 dollars in 1914 $1,520.97 dollars in 2023
$100 dollars in 1914 $3,041.95 dollars in 2023
$500 dollars in 1914 $15,209.73 dollars in 2023
$1,000 dollars in 1914 $30,419.46 dollars in 2023
$5,000 dollars in 1914 $152,097.3 dollars in 2023
$10,000 dollars in 1914 $304,194.59 dollars in 2023
$50,000 dollars in 1914 $1,520,972.96 dollars in 2023
$100,000 dollars in 1914 $3,041,945.92 dollars in 2023
$500,000 dollars in 1914 $15,209,729.62 dollars in 2023
$1,000,000 dollars in 1914 $30,419,459.23 dollars in 2023
Cumulative inflation From 1914 3,041.08%
Avg. annual inflation From 1914 3.18%
CPI 1914 10.02
CPI today 314.63

Value of Dollar over time (by year)

Period Value
1914 100
1915 100.92
1916 108.65
1917 128.04
1918 150.17
1919 173.04
1920 200.08
1921 178.2
1922 167.22
1923 170.22
1924 170.97
1925 175.12
1926 176.71
1927 173.29
1928 171.3
1929 171.3
1930 166.72
1931 151.83
1932 136.19
1933 129.12
1934 133.61
1935 137.02
1936 138.44
1937 143.59
1938 140.68
1939 138.85
1940 139.85
1941 147
1942 163.06
1943 172.8
1944 175.62
1945 179.62
1946 194.84
1947 222.88
1948 240.02
1949 237.69
1950 240.27
1951 259.15
1952 265.06
1953 267.22
1954 268.05
1955 267.3
1956 271.38
1957 280.45
1958 288.1
1959 291.01
1960 295.26
1961 298.42
1962 302
1963 305.74
1964 309.65
1965 314.56
1966 324.04
1967 333.03
1968 347.25
1969 366.22
1970 387.6
1971 404.24
1972 417.47
1973 443.26
1974 492.26
1975 537.27
1976 568.14
1977 605.07
1978 651.25
1979 724.54
1980 822.71
1981 907.74
1982 963.39
1983 994.34
1984 1,037.1
1985 1,073.88
1986 1,094.26
1987 1,134.36
1988 1,180.62
1989 1,237.6
1990 1,304.41
1991 1,359.65
1992 1,400.83
1993 1,442.18
1994 1,479.78
1995 1,521.3
1996 1,565.89
1997 1,602.5
1998 1,627.37
1999 1,662.98
2000 1,719.13
2001 1,767.72
2002 1,795.76
2003 1,836.52
2004 1,885.69
2005 1,949.67
2006 2,012.56
2007 2,069.97
2008 2,149.44
2009 2,141.8
2010 2,176.93
2011 2,245.65
2012 2,292.12
2013 2,325.69
2014 2,363.42
2015 2,366.23
2016 2,396.08
2017 2,447.12
2018 2,506.89
2019 2,552.32
2020 2,583.81
2021 2,705.19
2022 2,921.68
2023 3,041.95
2024-05 3,135.46
Today 3,141.08

All available years

Today's value of US dollars by year:

1913 | 1914 | 1915 | 1916 | 1917 | 1918 | 1919 | 1920 | 1921 | 1922 | 1923 | 1924 | 1925 | 1926 | 1927 | 1928 | 1929 | 1930 | 1931 | 1932 | 1933 | 1934 | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 | 1949 | 1950 | 1951 | 1952 | 1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |

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