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Value of 1974 US Dollars today

$100 in 1974
$630.34 in 2024

The inflation rate in the United States between 1974 and today has been 530.34%, which translates into a total increase of $530.34. This means that 100 dollars in 1974 are equivalent to 630.34 dollars in 2024. In other words, the purchasing power of $100 in 1974 equals $630.34 today. The average annual inflation rate between these periods has been 3.75%.

Inflation timeline in the United States (1974 - 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 1974-2023 517.95%
Cumulative inflation 1974-today 530.34%
Avg. Annual inflation 1974-2023 3.79%
CPI 1974 20.8
CPI 2023 128.56
CPI 2024-02 (latest official data) 130.93
CPI today 131.13

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 1974 and 2023, use the corresponding CPI values:

Value2023
=Value1974 ×
CPI2023/CPI1974
=$ 100 ×
128.56/20.8
$617.95

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 131.13:

Valuetoday
=Value1974 ×
CPItoday/CPI1974
=$ 100 ×
131.13/20.8
$630.34

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 49 years between 1974 and 2023 and the average inflation rate was 3.7868%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.037868)49
$617.95

US inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1974 $6.18 dollars in 2023
$5 dollars in 1974 $30.9 dollars in 2023
$10 dollars in 1974 $61.8 dollars in 2023
$50 dollars in 1974 $308.98 dollars in 2023
$100 dollars in 1974 $617.95 dollars in 2023
$500 dollars in 1974 $3,089.76 dollars in 2023
$1,000 dollars in 1974 $6,179.52 dollars in 2023
$5,000 dollars in 1974 $30,897.59 dollars in 2023
$10,000 dollars in 1974 $61,795.18 dollars in 2023
$50,000 dollars in 1974 $308,975.9 dollars in 2023
$100,000 dollars in 1974 $617,951.8 dollars in 2023
$500,000 dollars in 1974 $3,089,758.99 dollars in 2023
$1,000,000 dollars in 1974 $6,179,517.98 dollars in 2023
Cumulative inflation From 1974 530.34%
Avg. annual inflation From 1974 3.75%
CPI 1974 20.8
CPI today 131.13

Value of Dollar over time (by year)

Period Value
1974 100
1975 109.14
1976 115.41
1977 122.92
1978 132.3
1979 147.19
1980 167.13
1981 184.4
1982 195.71
1983 201.99
1984 210.68
1985 218.15
1986 222.29
1987 230.44
1988 239.83
1989 251.41
1990 264.98
1991 276.2
1992 284.57
1993 292.97
1994 300.61
1995 309.04
1996 318.1
1997 325.54
1998 330.59
1999 337.82
2000 349.23
2001 359.1
2002 364.8
2003 373.08
2004 383.07
2005 396.06
2006 408.84
2007 420.5
2008 436.65
2009 435.09
2010 442.23
2011 456.19
2012 465.63
2013 472.45
2014 480.11
2015 480.68
2016 486.75
2017 497.12
2018 509.26
2019 518.49
2020 524.88
2021 549.54
2022 593.52
2023 617.95
2024-02 629.36
Today 630.34

All available years

Today's value of US dollars by year:

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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