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Value of 1930 US Dollars today

$100 in 1930
$1,884.02 in 2024

The inflation rate in the United States between 1930 and today has been 1,784.02%, which translates into a total increase of $1,784.02. This means that 100 dollars in 1930 are equivalent to 1,884.02 dollars in 2024. In other words, the purchasing power of $100 in 1930 equals $1,884.02 today. The average annual inflation rate between these periods has been 3.17%.

Inflation timeline in the United States (1930 - 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 1930-2023 1,724.56%
Cumulative inflation 1930-today 1,784.02%
Avg. Annual inflation 1930-2023 3.17%
CPI 1930 16.7
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 1930 and 2023, use the corresponding CPI values:

Value2023
=Value1930 ×
CPI2023/CPI1930
=$ 100 ×
304.7/16.7
$1,824.56

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

Valuetoday
=Value1930 ×
CPItoday/CPI1930
=$ 100 ×
314.63/16.7
$1,884.02

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 93 years between 1930 and 2023 and the average inflation rate was 3.1718%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.031718)93
$1,824.56

US inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1930 $18.25 dollars in 2023
$5 dollars in 1930 $91.23 dollars in 2023
$10 dollars in 1930 $182.46 dollars in 2023
$50 dollars in 1930 $912.28 dollars in 2023
$100 dollars in 1930 $1,824.56 dollars in 2023
$500 dollars in 1930 $9,122.8 dollars in 2023
$1,000 dollars in 1930 $18,245.6 dollars in 2023
$5,000 dollars in 1930 $91,228.02 dollars in 2023
$10,000 dollars in 1930 $182,456.04 dollars in 2023
$50,000 dollars in 1930 $912,280.19 dollars in 2023
$100,000 dollars in 1930 $1,824,560.38 dollars in 2023
$500,000 dollars in 1930 $9,122,801.9 dollars in 2023
$1,000,000 dollars in 1930 $18,245,603.79 dollars in 2023
Cumulative inflation From 1930 1,784.02%
Avg. annual inflation From 1930 3.17%
CPI 1930 16.7
CPI today 314.63

Value of Dollar over time (by year)

Period Value
1930 100
1931 91.07
1932 81.69
1933 77.45
1934 80.14
1935 82.19
1936 83.03
1937 86.13
1938 84.38
1939 83.28
1940 83.88
1941 88.17
1942 97.8
1943 103.64
1944 105.34
1945 107.73
1946 116.87
1947 133.68
1948 143.96
1949 142.56
1950 144.11
1951 155.44
1952 158.98
1953 160.28
1954 160.78
1955 160.33
1956 162.77
1957 168.21
1958 172.8
1959 174.55
1960 177.1
1961 178.99
1962 181.14
1963 183.38
1964 185.73
1965 188.67
1966 194.36
1967 199.75
1968 208.28
1969 219.66
1970 232.49
1971 242.47
1972 250.4
1973 265.87
1974 295.26
1975 322.26
1976 340.77
1977 362.92
1978 390.62
1979 434.58
1980 493.46
1981 544.46
1982 577.84
1983 596.41
1984 622.06
1985 644.11
1986 656.34
1987 680.39
1988 708.13
1989 742.32
1990 782.39
1991 815.52
1992 840.22
1993 865.02
1994 887.57
1995 912.48
1996 939.22
1997 961.18
1998 976.1
1999 997.46
2000 1,031.14
2001 1,060.28
2002 1,077.1
2003 1,101.55
2004 1,131.04
2005 1,169.41
2006 1,207.14
2007 1,241.57
2008 1,289.24
2009 1,284.65
2010 1,305.72
2011 1,346.94
2012 1,374.81
2013 1,394.95
2014 1,417.58
2015 1,419.26
2016 1,437.17
2017 1,467.78
2018 1,503.63
2019 1,530.88
2020 1,549.77
2021 1,622.57
2022 1,752.42
2023 1,824.56
2024-05 1,880.65
Today 1,884.02

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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