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Value of 1949 US Dollars today

$100 in 1949
$1,321.52 in 2024

The inflation rate in the United States between 1949 and today has been 1,221.52%, which translates into a total increase of $1,221.52. This means that 100 dollars in 1949 are equivalent to 1,321.52 dollars in 2024. In other words, the purchasing power of $100 in 1949 equals $1,321.52 today. The average annual inflation rate between these periods has been 3.5%.

Inflation timeline in the United States (1949 - 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 1949-2023 1,179.81%
Cumulative inflation 1949-today 1,221.52%
Avg. Annual inflation 1949-2023 3.51%
CPI 1949 23.81
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 1949 and 2023, use the corresponding CPI values:

Value2023
=Value1949 ×
CPI2023/CPI1949
=$ 100 ×
304.7/23.81
$1,279.81

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

Valuetoday
=Value1949 ×
CPItoday/CPI1949
=$ 100 ×
314.63/23.81
$1,321.52

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 74 years between 1949 and 2023 and the average inflation rate was 3.505%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.03505)74
$1,279.81

US inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1949 $12.8 dollars in 2023
$5 dollars in 1949 $63.99 dollars in 2023
$10 dollars in 1949 $127.98 dollars in 2023
$50 dollars in 1949 $639.91 dollars in 2023
$100 dollars in 1949 $1,279.81 dollars in 2023
$500 dollars in 1949 $6,399.05 dollars in 2023
$1,000 dollars in 1949 $12,798.11 dollars in 2023
$5,000 dollars in 1949 $63,990.53 dollars in 2023
$10,000 dollars in 1949 $127,981.06 dollars in 2023
$50,000 dollars in 1949 $639,905.32 dollars in 2023
$100,000 dollars in 1949 $1,279,810.64 dollars in 2023
$500,000 dollars in 1949 $6,399,053.2 dollars in 2023
$1,000,000 dollars in 1949 $12,798,106.41 dollars in 2023
Cumulative inflation From 1949 1,221.52%
Avg. annual inflation From 1949 3.5%
CPI 1949 23.81
CPI today 314.63

Value of Dollar over time (by year)

Period Value
1949 100
1950 101.09
1951 109.03
1952 111.52
1953 112.43
1954 112.78
1955 112.46
1956 114.18
1957 117.99
1958 121.21
1959 122.44
1960 124.22
1961 125.55
1962 127.06
1963 128.63
1964 130.28
1965 132.34
1966 136.33
1967 140.11
1968 146.1
1969 154.08
1970 163.07
1971 170.07
1972 175.64
1973 186.49
1974 207.11
1975 226.04
1976 239.03
1977 254.57
1978 273.99
1979 304.83
1980 346.13
1981 381.9
1982 405.32
1983 418.34
1984 436.33
1985 451.8
1986 460.38
1987 477.25
1988 496.71
1989 520.69
1990 548.79
1991 572.03
1992 589.36
1993 606.76
1994 622.58
1995 640.04
1996 658.8
1997 674.2
1998 684.67
1999 699.65
2000 723.28
2001 743.72
2002 755.51
2003 772.66
2004 793.35
2005 820.27
2006 846.73
2007 870.88
2008 904.32
2009 901.1
2010 915.88
2011 944.79
2012 964.34
2013 978.47
2014 994.34
2015 995.52
2016 1,008.08
2017 1,029.55
2018 1,054.7
2019 1,073.81
2020 1,087.06
2021 1,138.13
2022 1,229.21
2023 1,279.81
2024-05 1,319.16
Today 1,321.52

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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