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Value of 1951 US Dollars today

$100 in 1951
$1,212.06 in 2024

The inflation rate in the United States between 1951 and today has been 1,112.06%, which translates into a total increase of $1,112.06. This means that 100 dollars in 1951 are equivalent to 1,212.06 dollars in 2024. In other words, the purchasing power of $100 in 1951 equals $1,212.06 today. The average annual inflation rate between these periods has been 3.48%.

Inflation timeline in the United States (1951 - 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 1951-2023 1,073.81%
Cumulative inflation 1951-today 1,112.06%
Avg. Annual inflation 1951-2023 3.48%
CPI 1951 25.96
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 1951 and 2023, use the corresponding CPI values:

Value2023
=Value1951 ×
CPI2023/CPI1951
=$ 100 ×
304.7/25.96
$1,173.81

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

Valuetoday
=Value1951 ×
CPItoday/CPI1951
=$ 100 ×
314.63/25.96
$1,212.06

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 72 years between 1951 and 2023 and the average inflation rate was 3.4798%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.034798)72
$1,173.81

US inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1951 $11.74 dollars in 2023
$5 dollars in 1951 $58.69 dollars in 2023
$10 dollars in 1951 $117.38 dollars in 2023
$50 dollars in 1951 $586.91 dollars in 2023
$100 dollars in 1951 $1,173.81 dollars in 2023
$500 dollars in 1951 $5,869.05 dollars in 2023
$1,000 dollars in 1951 $11,738.1 dollars in 2023
$5,000 dollars in 1951 $58,690.51 dollars in 2023
$10,000 dollars in 1951 $117,381.03 dollars in 2023
$50,000 dollars in 1951 $586,905.14 dollars in 2023
$100,000 dollars in 1951 $1,173,810.27 dollars in 2023
$500,000 dollars in 1951 $5,869,051.36 dollars in 2023
$1,000,000 dollars in 1951 $11,738,102.73 dollars in 2023
Cumulative inflation From 1951 1,112.06%
Avg. annual inflation From 1951 3.48%
CPI 1951 25.96
CPI today 314.63

Value of Dollar over time (by year)

Period Value
1951 100
1952 102.28
1953 103.11
1954 103.43
1955 103.15
1956 104.72
1957 108.22
1958 111.17
1959 112.3
1960 113.93
1961 115.15
1962 116.53
1963 117.98
1964 119.49
1965 121.38
1966 125.04
1967 128.51
1968 134
1969 141.32
1970 149.57
1971 155.99
1972 161.09
1973 171.04
1974 189.95
1975 207.32
1976 219.23
1977 233.48
1978 251.3
1979 279.58
1980 317.46
1981 350.27
1982 371.75
1983 383.69
1984 400.19
1985 414.38
1986 422.25
1987 437.72
1988 455.57
1989 477.56
1990 503.34
1991 524.65
1992 540.55
1993 556.5
1994 571.01
1995 587.03
1996 604.24
1997 618.36
1998 627.96
1999 641.7
2000 663.37
2001 682.12
2002 692.94
2003 708.67
2004 727.64
2005 752.33
2006 776.6
2007 798.75
2008 829.42
2009 826.47
2010 840.02
2011 866.54
2012 884.47
2013 897.43
2014 911.99
2015 913.07
2016 924.59
2017 944.28
2018 967.35
2019 984.88
2020 997.03
2021 1,043.86
2022 1,127.4
2023 1,173.81
2024-05 1,209.9
Today 1,212.06

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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