$

Value of 1915 US Dollars today

$100 in 1915
$3,112.6 in 2024

The inflation rate in the United States between 1915 and today has been 3,012.6%, which translates into a total increase of $3,012.6. This means that 100 dollars in 1915 are equivalent to 3,112.6 dollars in 2024. In other words, the purchasing power of $100 in 1915 equals $3,112.6 today. The average annual inflation rate between these periods has been 3.2%.

Inflation timeline in the United States (1915 - 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 1915-2023 2,914.36%
Cumulative inflation 1915-today 3,012.6%
Avg. Annual inflation 1915-2023 3.2%
CPI 1915 10.11
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 1915 and 2023, use the corresponding CPI values:

Value2023
=Value1915 ×
CPI2023/CPI1915
=$ 100 ×
304.7/10.11
$3,014.36

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

Valuetoday
=Value1915 ×
CPItoday/CPI1915
=$ 100 ×
314.63/10.11
$3,112.6

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 108 years between 1915 and 2023 and the average inflation rate was 3.2039%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.032039)108
$3,014.36

US inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1915 $30.14 dollars in 2023
$5 dollars in 1915 $150.72 dollars in 2023
$10 dollars in 1915 $301.44 dollars in 2023
$50 dollars in 1915 $1,507.18 dollars in 2023
$100 dollars in 1915 $3,014.36 dollars in 2023
$500 dollars in 1915 $15,071.8 dollars in 2023
$1,000 dollars in 1915 $30,143.6 dollars in 2023
$5,000 dollars in 1915 $150,718.01 dollars in 2023
$10,000 dollars in 1915 $301,436.03 dollars in 2023
$50,000 dollars in 1915 $1,507,180.13 dollars in 2023
$100,000 dollars in 1915 $3,014,360.26 dollars in 2023
$500,000 dollars in 1915 $15,071,801.32 dollars in 2023
$1,000,000 dollars in 1915 $30,143,602.64 dollars in 2023
Cumulative inflation From 1915 3,012.6%
Avg. annual inflation From 1915 3.2%
CPI 1915 10.11
CPI today 314.63

Value of Dollar over time (by year)

Period Value
1915 100
1916 107.67
1917 126.88
1918 148.8
1919 171.48
1920 198.27
1921 176.59
1922 165.7
1923 168.67
1924 169.41
1925 173.54
1926 175.1
1927 171.72
1928 169.74
1929 169.74
1930 165.21
1931 150.45
1932 134.95
1933 127.95
1934 132.4
1935 135.78
1936 137.18
1937 142.29
1938 139.41
1939 137.59
1940 138.58
1941 145.67
1942 161.58
1943 171.23
1944 174.03
1945 177.99
1946 193.08
1947 220.86
1948 237.84
1949 235.53
1950 238.09
1951 256.8
1952 262.65
1953 264.8
1954 265.62
1955 264.88
1956 268.92
1957 277.91
1958 285.49
1959 288.38
1960 292.58
1961 295.71
1962 299.26
1963 302.97
1964 306.84
1965 311.71
1966 321.1
1967 330.01
1968 344.11
1969 362.9
1970 384.09
1971 400.58
1972 413.69
1973 439.24
1974 487.8
1975 532.4
1976 562.98
1977 599.59
1978 645.34
1979 717.97
1980 815.25
1981 899.51
1982 954.66
1983 985.33
1984 1,027.7
1985 1,064.14
1986 1,084.34
1987 1,124.07
1988 1,169.91
1989 1,226.38
1990 1,292.58
1991 1,347.32
1992 1,388.13
1993 1,429.1
1994 1,466.36
1995 1,507.5
1996 1,551.69
1997 1,587.96
1998 1,612.61
1999 1,647.9
2000 1,703.54
2001 1,751.69
2002 1,779.47
2003 1,819.87
2004 1,868.59
2005 1,931.99
2006 1,994.31
2007 2,051.2
2008 2,129.95
2009 2,122.38
2010 2,157.19
2011 2,225.28
2012 2,271.33
2013 2,304.6
2014 2,341.99
2015 2,344.77
2016 2,374.35
2017 2,424.93
2018 2,484.16
2019 2,529.17
2020 2,560.37
2021 2,680.66
2022 2,895.18
2023 3,014.36
2024-05 3,107.03
Today 3,112.6

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 |

Other currencies: