# Value of 1976 US Dollars today

\$100 in 1976

\$469.62 in 2021

The inflation rate in the United States between 1976 and today has been 369.62%, which translates into a total increase of \$369.62. This means that 100 dollars in 1976 are equivalent to 469.62 dollars in 2021. In other words, the purchasing power of \$100 in 1976 equals \$469.62 today. The average annual inflation rate has been 3.42%.

## Inflation timeline in the United States (1976-2021)

The following chart depicts the equivalence of \$100 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1976-2021) 369.32%
Total Inflation* 369.62%
Annual inflation avg. (1976-2021) 3.5%
Annual inflation avg.* 3.42%
CPI 1976 23.42
CPI 2021 109.9
CPI today* 109.97
\$1 in 1976 \$4.69 in 2021

* Values extrapolated from the last official data to obtain today's values.

## 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 compound interest formula or the Consumer Price Index (CPI) formula.

#### Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as a compound interest, the following formula can be used: 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 45 years between 1976 and 2021 and the average inflation rate has been 3.4197%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = \$100 * (1 + 0.03)45 = \$469.32

#### Using the CPI formula

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *
CPI final/CPI initial

In this case, the CPI in 1976 was 23.42 and the CPI today is 109.97. Therefore,

Final value = Initial value *
CPI final/CPI initial
= \$100 *
109.9/23.42
= \$469.32

### USA inflation - Conversion table

Initial Value Equivalent value
\$1 dollar in 1976 \$4.7 dollars today
\$5 dollars in 1976 \$23.48 dollars today
\$10 dollars in 1976 \$46.96 dollars today
\$50 dollars in 1976 \$234.81 dollars today
\$100 dollars in 1976 \$469.62 dollars today
\$500 dollars in 1976 \$2,348.12 dollars today
\$1,000 dollars in 1976 \$4,696.25 dollars today
\$5,000 dollars in 1976 \$23,481.23 dollars today
\$10,000 dollars in 1976 \$46,962.46 dollars today
\$50,000 dollars in 1976 \$234,812.3 dollars today
\$100,000 dollars in 1976 \$469,624.59 dollars today
\$500,000 dollars in 1976 \$2,348,122.97 dollars today
\$1,000,000 dollars in 1976 \$4,696,245.94 dollars today

Period Value
1976 100
1977 104.86
1978 111.89
1979 121.98
1980 138.2
1981 155.5
1982 169.37
1983 175.86
1984 182.52
1985 189.73
1986 196.94
1987 199.1
1988 207.93
1989 217.12
1990 227.21
1991 241.08
1992 248.47
1993 255.68
1994 262.7
1995 269.73
1996 276.58
1997 285.77
1998 290.63
1999 295.32
2000 303.24
2001 313.51
2002 318.38
2003 325.95
2004 332.07
2005 342.88
2006 354.59
2007 363.6
2008 378.44
2009 378.79
2010 389.1
2011 394.92
2012 406.62
2013 413.7
2014 419.91
2015 423.08
2016 426.17
2017 435.01
2018 444.19
2019 452.67
2020 463.02
2021 469.32
Today 469.62