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Value of 1935 US Dollars today

$100 in 1935
$2,292.4 in 2024

The inflation rate in the United States between 1935 and today has been 2,192.4%, which translates into a total increase of $2,192.4. This means that 100 dollars in 1935 are equivalent to 2,292.4 dollars in 2024. In other words, the purchasing power of $100 in 1935 equals $2,292.4 today. The average annual inflation rate between these periods has been 3.58%.

Inflation timeline in the United States (1935 - 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 1935-2023 2,120.05%
Cumulative inflation 1935-today 2,192.4%
Avg. Annual inflation 1935-2023 3.59%
CPI 1935 13.73
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 1935 and 2023, use the corresponding CPI values:

Value2023
=Value1935 ×
CPI2023/CPI1935
=$ 100 ×
304.7/13.73
$2,220.05

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

Valuetoday
=Value1935 ×
CPItoday/CPI1935
=$ 100 ×
314.63/13.73
$2,292.4

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 88 years between 1935 and 2023 and the average inflation rate was 3.5856%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.035856)88
$2,220.05

US inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1935 $22.2 dollars in 2023
$5 dollars in 1935 $111 dollars in 2023
$10 dollars in 1935 $222 dollars in 2023
$50 dollars in 1935 $1,110.02 dollars in 2023
$100 dollars in 1935 $2,220.05 dollars in 2023
$500 dollars in 1935 $11,100.24 dollars in 2023
$1,000 dollars in 1935 $22,200.48 dollars in 2023
$5,000 dollars in 1935 $111,002.4 dollars in 2023
$10,000 dollars in 1935 $222,004.8 dollars in 2023
$50,000 dollars in 1935 $1,110,023.98 dollars in 2023
$100,000 dollars in 1935 $2,220,047.97 dollars in 2023
$500,000 dollars in 1935 $11,100,239.83 dollars in 2023
$1,000,000 dollars in 1935 $22,200,479.66 dollars in 2023
Cumulative inflation From 1935 2,192.4%
Avg. annual inflation From 1935 3.58%
CPI 1935 13.73
CPI today 314.63

Value of Dollar over time (by year)

Period Value
1935 100
1936 101.03
1937 104.8
1938 102.67
1939 101.34
1940 102.06
1941 107.29
1942 119
1943 126.11
1944 128.17
1945 131.09
1946 142.2
1947 162.66
1948 175.17
1949 173.47
1950 175.35
1951 189.13
1952 193.44
1953 195.02
1954 195.63
1955 195.08
1956 198.06
1957 204.68
1958 210.26
1959 212.39
1960 215.48
1961 217.79
1962 220.4
1963 223.13
1964 225.99
1965 229.57
1966 236.49
1967 243.05
1968 253.43
1969 267.27
1970 282.88
1971 295.02
1972 304.68
1973 323.5
1974 359.26
1975 392.11
1976 414.63
1977 441.59
1978 475.29
1979 528.78
1980 600.43
1981 662.48
1982 703.1
1983 725.68
1984 756.89
1985 783.73
1986 798.6
1987 827.87
1988 861.63
1989 903.22
1990 951.97
1991 992.29
1992 1,022.34
1993 1,052.52
1994 1,079.96
1995 1,110.26
1996 1,142.81
1997 1,169.52
1998 1,187.67
1999 1,213.66
2000 1,254.64
2001 1,290.1
2002 1,310.56
2003 1,340.32
2004 1,376.2
2005 1,422.89
2006 1,468.79
2007 1,510.69
2008 1,568.69
2009 1,563.11
2010 1,588.75
2011 1,638.9
2012 1,672.82
2013 1,697.32
2014 1,724.85
2015 1,726.9
2016 1,748.69
2017 1,785.94
2018 1,829.56
2019 1,862.71
2020 1,885.69
2021 1,974.28
2022 2,132.28
2023 2,220.05
2024-05 2,288.3
Today 2,292.4

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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