# \$20,000 in 1930 → \$296,846.71 in 2018

## Inflation Calculator

\$

### U.S. Inflation Rate, 1930-2018 (\$20,000)

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 3.11% per year. Prices in 2018 are 1384.2% higher than prices in 1930.

In other words, \$20,000 in the year 1930 is equivalent in purchasing power to \$296,846.71 in 2018, a difference of \$276,846.71 over 88 years.

The current inflation rate in 2018 is 1.26%1. If this number holds, \$20,000 today will be equivalent to \$20,251.73 next year.

 Cumulative price change 1384.23% Average inflation rate 3.11% Price difference (\$20,000 base) \$276,846.71 CPI in 1930 16.7 CPI in 2018 247.867

#### Inflation rates for specific categories

Milk · Women's apparel · Bread · More

S&P 500 price · S&P 500 earnings · Shiller P/E

### How to calculate the inflation rate for \$20,000 since 1930

CPI in 2018 / CPI in 1930 * 1930 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 16.7 in the year 1930 and 247.867 in 2018:

247.867 / 16.7 * \$20,000 = \$296,846.71

\$20,000 in 1930 has the same "purchasing power" as \$296,846.71 in 2018.

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

• Mohandas Gandhi protests British salt tax by a 200-mile-long walk.
• Clyde Tombaugh discovers Pluto.
• Lawrence Hyland discovers the first radar by accident.
• Roald Amundsen's leads the first expedition to reach the South Pole.
• American explorer Hiram Bingham discovers Machu Picchu.

### Inflation Data Source

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: “\$20,000 in 1930 → 2018 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 18 Feb. 2018, http://www.in2013dollars.com/1930-dollars?amount=20000.