$4,000 in 1900 → $119,634.76 in 2019

Inflation Calculator

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U.S. Inflation Rate, $4,000 in 1900 to 2019

According to the Bureau of Labor Statistics consumer price index, prices in 2019 are 2,890.87% higher than prices in 1900. The dollar experienced an average inflation rate of 2.90% per year during this period.

In other words, $4,000 in 1900 is equivalent in purchasing power to $119,634.76 in 2019, a difference of $115,634.76 over 119 years.

The 1900 inflation rate was 1.20%. The current inflation rate (2018 to 2019) is now 1.95%1. If this number holds, $4,000 today will be equivalent to $4,077.82 next year. The current inflation rate page gives more detail on the latest official inflation rates.


Inflation from 1900 to 2019
Cumulative price change 2,890.87%
Average inflation rate 2.90%
Converted amount ($4,000 base) $119,634.76
Price difference ($4,000 base) $115,634.76
CPI in 1900 8.400
CPI in 2019 251.233
Inflation in 1900 1.20%
Inflation in 2019 1.95%


U.S. inflation chart since 1665


Buying power of $4,000 in 1900

This chart shows calculations of buying power equivalence over time for $4,000 in 1900 (price index tracking began in 1635).

According to the Bureau of Labor Statistics, each of these USD amounts below is equal in terms of what it could buy at the time:

Year USD Value Inflation Rate
1900 $4,000.00 1.20%
1901 $4,047.62 1.19%
1902 $4,095.24 1.18%
1903 $4,190.48 2.33%
1904 $4,238.10 1.14%
1905 $4,190.48 -1.12%
1906 $4,285.71 2.27%
1907 $4,476.19 4.44%
1908 $4,380.95 -2.13%
1909 $4,333.33 -1.09%
1910 $4,523.81 4.40%
1911 $4,523.81 0.00%
1912 $4,619.05 2.11%
1913 $4,714.29 2.06%
1914 $4,761.90 1.01%
1915 $4,809.52 1.00%
1916 $5,190.48 7.92%
1917 $6,095.24 17.43%
1918 $7,190.48 17.97%
1919 $8,238.10 14.57%
1920 $9,523.81 15.61%
1921 $8,523.81 -10.50%
1922 $8,000.00 -6.15%
1923 $8,142.86 1.79%
1924 $8,142.86 0.00%
1925 $8,333.33 2.34%
1926 $8,428.57 1.14%
1927 $8,285.71 -1.69%
1928 $8,142.86 -1.72%
1929 $8,142.86 0.00%
1930 $7,952.38 -2.34%
1931 $7,238.10 -8.98%
1932 $6,523.81 -9.87%
1933 $6,190.48 -5.11%
1934 $6,380.95 3.08%
1935 $6,523.81 2.24%
1936 $6,619.05 1.46%
1937 $6,857.14 3.60%
1938 $6,714.29 -2.08%
1939 $6,619.05 -1.42%
1940 $6,666.67 0.72%
1941 $7,000.00 5.00%
1942 $7,761.90 10.88%
1943 $8,238.10 6.13%
1944 $8,380.95 1.73%
1945 $8,571.43 2.27%
1946 $9,285.71 8.33%
1947 $10,619.05 14.36%
1948 $11,476.19 8.07%
1949 $11,333.33 -1.24%
1950 $11,476.19 1.26%
1951 $12,380.95 7.88%
1952 $12,619.05 1.92%
1953 $12,714.29 0.75%
1954 $12,809.52 0.75%
1955 $12,761.90 -0.37%
1956 $12,952.38 1.49%
1957 $13,380.95 3.31%
1958 $13,761.90 2.85%
1959 $13,857.14 0.69%
1960 $14,095.24 1.72%
1961 $14,238.10 1.01%
1962 $14,380.95 1.00%
1963 $14,571.43 1.32%
1964 $14,761.90 1.31%
1965 $15,000.00 1.61%
1966 $15,428.57 2.86%
1967 $15,904.76 3.09%
1968 $16,571.43 4.19%
1969 $17,476.19 5.46%
1970 $18,476.19 5.72%
1971 $19,285.71 4.38%
1972 $19,904.76 3.21%
1973 $21,142.86 6.22%
1974 $23,476.19 11.04%
1975 $25,619.05 9.13%
1976 $27,095.24 5.76%
1977 $28,857.14 6.50%
1978 $31,047.62 7.59%
1979 $34,571.43 11.35%
1980 $39,238.10 13.50%
1981 $43,285.71 10.32%
1982 $45,952.38 6.16%
1983 $47,428.57 3.21%
1984 $49,476.19 4.32%
1985 $51,238.10 3.56%
1986 $52,190.48 1.86%
1987 $54,095.24 3.65%
1988 $56,333.33 4.14%
1989 $59,047.62 4.82%
1990 $62,238.10 5.40%
1991 $64,857.14 4.21%
1992 $66,809.52 3.01%
1993 $68,809.52 2.99%
1994 $70,571.43 2.56%
1995 $72,571.43 2.83%
1996 $74,714.29 2.95%
1997 $76,428.57 2.29%
1998 $77,619.05 1.56%
1999 $79,333.33 2.21%
2000 $82,000.00 3.36%
2001 $84,333.33 2.85%
2002 $85,666.67 1.58%
2003 $87,619.05 2.28%
2004 $89,952.38 2.66%
2005 $93,000.00 3.39%
2006 $96,000.00 3.23%
2007 $98,734.29 2.85%
2008 $102,525.24 3.84%
2009 $102,160.48 -0.36%
2010 $103,836.19 1.64%
2011 $107,113.81 3.16%
2012 $109,330.48 2.07%
2013 $110,931.90 1.46%
2014 $112,731.43 1.62%
2015 $112,865.24 0.12%
2016 $114,289.05 1.26%
2017 $116,723.81 2.13%
2018 $119,574.76 2.44%
2019 $119,634.76 0.05%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £4,000.00 in 1900 would be equivalent to £488,130.43 in 2019, an absolute change of £484,130.43 and a cumulative change of 12,103.26%.

Compare these numbers to the US's overall absolute change of $115,634.76 and total percent change of 2,890.87%.


Inflation by Spending Category

CPI is the weighted combination of many categories of spending that are tracked by the government. This chart shows the average rate of inflation for select CPI categories between 1900 and 2019.

Compare these values to the overall average of 2.90% per year:

Category Avg Inflation (%) Total Inflation (%) $4,000 in 1900 → 2019
Food 3.13 3,836.30 157,452.19
Shelter 4.11 11,923.03 480,921.24
Energy 3.89 9,252.09 374,083.75
Apparel 2.05 1,020.62 44,824.65
New vehicles 1.05 245.71 13,828.25
Used cars and trucks 0.61 106.43 8,257.29
Transportation services 4.06 11,340.51 457,620.24
Medical care services 5.11 37,532.18 1,505,287.21
Medical care commodities 3.04 3,439.48 141,579.14

It's important to note that not all categories may be tracked since 1900. This table and visualization use the earliest available data for each category.



How to Calculate Inflation Rate for $4,000 since 1900

This inflation calculator uses the following inflation rate formula:

CPI in 2019CPI in 1900
×
1900 USD value
=
2019 USD value

Then plug in historical CPI values. The U.S. CPI was 8.4 in the year 1900 and 251.233 in 2019:

251.2338.4
×
$4,000
=
$119,634.76

$4,000 in 1900 has the same "purchasing power" or "buying power" as $119,634.76 in 2019.

To get the total inflation rate for the 119 years between 1900 and 2019, we use the following formula:

CPI in 2019 - CPI in 1900CPI in 1900
×
100
=
Cumulative inflation rate (119 years)

Plugging in the values to this equation, we get:

251.233 - 8.48.4
×
100
=
2,891%

Comparison to S&P 500 Index

The average inflation rate of 2.90% has a compounding effect between 1900 and 2019. As noted above, this yearly inflation rate compounds to produce an overall price difference of 2,890.87% over 119 years.

To help put this inflation into perspective, if we had invested $4,000 in the S&P 500 index in 1900, our investment would be nominally worth approximately $226,555,142.56 in 2019. This is a return on investment of 5,663,778.56%, with an absolute return of $226,551,142.56.

These numbers are not inflation adjusted, so they are considered nominal. In order to evaluate the real return on our investment, we must calculate the return with inflation taken into account.

The compounding effect of inflation would account for 96.66% of returns ($218,976,382.89) during this period. This means the inflation-adjusted real return of our $4,000 investment is $7,574,759.68.

Investment in S&P 500 Index, 1900-2019
Original Amount Final Amount Change
Nominal $4,000 $226,555,142.56 5,663,778.56%
Real
Inflation Adjusted
$4,000 $7,574,759.68 189,368.99%


News headlines from 1900

Politics and news often influence economic performance. Here's what was happening at the time:

  • Britain establishes the protectorates of Northern Nigeria and Southern Nigeria.
  • America announces the Open Door Policy to promote trade with China.
  • The US Congress passes the Currency Act, establishing the gold standard.
  • Dutch botanist and geneticist Hugo de Vries rediscovers Mendel's law of genetics
  • Under pressure from Japan, Korea denies Russia access to Masampo Port, leading to a war between Russia and Japan.

Data Source & Citation

Raw data for these calculations comes from the Bureau of Labor Statistics' (CPI), established in 1913. Inflation data from 1665 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University.

You may use the following MLA citation for this page: “$4,000 in 1900 → 2019 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 21 Jan. 2019, https://www.officialdata.org/1900-dollars?amount=4000.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


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