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Value of 1976 US Dollars today

$100 in 1976
$517.01 in 2022

The inflation rate in the United States between 1976 and today has been 417.01%, which translates into a total increase of $417.01. This means that 100 dollars in 1976 are equivalent to 517.01 dollars in 2022. In other words, the purchasing power of $100 in 1976 equals $517.01 today. The average annual inflation rate between these periods has been 3.64%.

Inflation timeline in the United States (1976 - 2022)

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 1976-2021 376.15%
Cumulative inflation 1976-today 417.01%
Avg. Annual inflation 1976-2021 3.53%
CPI 1976 24.01
CPI 2021 114.33
CPI 2022-05 (latest official data) 123.32
CPI today 124.13

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 1976 and 2021, use the corresponding CPI values:

Value2021
=Value1976 ×
CPI2021/CPI1976
=$ 100 ×
114.33/24.01
$476.15

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 124.13:

Valuetoday
=Value1976 ×
CPItoday/CPI1976
=$ 100 ×
124.13/24.01
$517.01

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 45 years between 1976 and 2021 and the average inflation rate was 3.5288%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.035288)45
$476.15

US inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1976 $4.76 dollars in 2021
$5 dollars in 1976 $23.81 dollars in 2021
$10 dollars in 1976 $47.62 dollars in 2021
$50 dollars in 1976 $238.08 dollars in 2021
$100 dollars in 1976 $476.15 dollars in 2021
$500 dollars in 1976 $2,380.76 dollars in 2021
$1,000 dollars in 1976 $4,761.51 dollars in 2021
$5,000 dollars in 1976 $23,807.56 dollars in 2021
$10,000 dollars in 1976 $47,615.12 dollars in 2021
$50,000 dollars in 1976 $238,075.6 dollars in 2021
$100,000 dollars in 1976 $476,151.21 dollars in 2021
$500,000 dollars in 1976 $2,380,756.04 dollars in 2021
$1,000,000 dollars in 1976 $4,761,512.07 dollars in 2021
Cumulative inflation From 1976 417.01%
Avg. annual inflation From 1976 3.64%
CPI 1976 24.01
CPI today 124.13

Value of Dollar over time (by year)

Period Value
1976 100
1977 106.5
1978 114.63
1979 127.53
1980 144.81
1981 159.77
1982 169.57
1983 175.02
1984 182.55
1985 189.02
1986 192.61
1987 199.66
1988 207.8
1989 217.84
1990 229.59
1991 239.32
1992 246.57
1993 253.84
1994 260.46
1995 267.77
1996 275.62
1997 282.06
1998 286.44
1999 292.71
2000 302.59
2001 311.14
2002 316.08
2003 323.25
2004 331.91
2005 343.17
2006 354.24
2007 364.34
2008 378.33
2009 376.99
2010 383.17
2011 395.27
2012 403.45
2013 409.36
2014 416
2015 416.49
2016 421.74
2017 430.73
2018 441.25
2019 449.24
2020 454.79
2021 476.15
2022-05 513.63
Today 517.01

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 |

Other currencies: