$35,000 in 1953 → $330,386.89 in 2018

Inflation Calculator

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U.S. Inflation Rate, $35,000 in 1953 to 2018

According to the Bureau of Labor Statistics consumer price index, prices in 2018 are 843.96% higher than prices in 1953. The dollar experienced an average inflation rate of 3.51% per year during this period.

In other words, $35,000 in 1953 is equivalent in purchasing power to $330,386.89 in 2018, a difference of $295,386.89 over 65 years.

The 1953 inflation rate was 0.75%. The current inflation rate (2017 to 2018) is now 2.18%1. If this number holds, $35,000 today will be equivalent to $35,761.81 next year. The current inflation rate page gives more detail on the latest official inflation rates.


Inflation from 1953 to 2018
Cumulative price change 843.96%
Average inflation rate 3.51%
Converted amount ($35,000 base) $330,386.89
Price difference ($35,000 base) $295,386.89
CPI in 1953 26.700
CPI in 2018 252.038
Inflation in 1953 0.75%
Inflation in 2018 2.18%


U.S. Inflation since 1913
Annual Rate, U.S. Bureau of Labor Statistics CPI

Buying power of $35,000 since 1953

This chart shows calculations of buying power equivalence over time for $35,000 in 1953 (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
1953 $35,000.00 0.75%
1954 $35,262.17 0.75%
1955 $35,131.09 -0.37%
1956 $35,655.43 1.49%
1957 $36,835.21 3.31%
1958 $37,883.90 2.85%
1959 $38,146.07 0.69%
1960 $38,801.50 1.72%
1961 $39,194.76 1.01%
1962 $39,588.01 1.00%
1963 $40,112.36 1.32%
1964 $40,636.70 1.31%
1965 $41,292.13 1.61%
1966 $42,471.91 2.86%
1967 $43,782.77 3.09%
1968 $45,617.98 4.19%
1969 $48,108.61 5.46%
1970 $50,861.42 5.72%
1971 $53,089.89 4.38%
1972 $54,794.01 3.21%
1973 $58,202.25 6.22%
1974 $64,625.47 11.04%
1975 $70,524.34 9.13%
1976 $74,588.01 5.76%
1977 $79,438.20 6.50%
1978 $85,468.16 7.59%
1979 $95,168.54 11.35%
1980 $108,014.98 13.50%
1981 $119,157.30 10.32%
1982 $126,498.13 6.16%
1983 $130,561.80 3.21%
1984 $136,198.50 4.32%
1985 $141,048.69 3.56%
1986 $143,670.41 1.86%
1987 $148,913.86 3.65%
1988 $155,074.91 4.14%
1989 $162,546.82 4.82%
1990 $171,329.59 5.40%
1991 $178,539.33 4.21%
1992 $183,913.86 3.01%
1993 $189,419.48 2.99%
1994 $194,269.66 2.56%
1995 $199,775.28 2.83%
1996 $205,674.16 2.95%
1997 $210,393.26 2.29%
1998 $213,670.41 1.56%
1999 $218,389.51 2.21%
2000 $225,730.34 3.36%
2001 $232,153.56 2.85%
2002 $235,823.97 1.58%
2003 $241,198.50 2.28%
2004 $247,621.72 2.66%
2005 $256,011.24 3.39%
2006 $264,269.66 3.23%
2007 $271,796.63 2.85%
2008 $282,232.40 3.84%
2009 $281,228.28 -0.36%
2010 $285,841.20 1.64%
2011 $294,863.86 3.16%
2012 $300,965.92 2.07%
2013 $305,374.34 1.46%
2014 $310,328.09 1.62%
2015 $310,696.44 0.12%
2016 $314,615.92 1.26%
2017 $321,318.35 2.13%
2018 $330,386.89 2.82%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

Inflation by City

Inflation can vary widely by city, even within the United States. Here's how some cities fared in 1953 to 2018 (figures shown are purchasing power equivalents of $35,000):

  • San Francisco, California: 3.81% average rate, $35,000 → $397,762.10, cumulative change of 1,036.46%
  • Boston, Massachusetts: 3.69% average rate, $35,000 → $368,876.31, cumulative change of 953.93%
  • Seattle, Washington: 3.68% average rate, $35,000 → $367,567.98, cumulative change of 950.19%
  • New York: 3.62% average rate, $35,000 → $354,149.60, cumulative change of 911.86%
  • Philadelphia, Pennsylvania: 3.46% average rate, $35,000 → $318,697.39, cumulative change of 810.56%
  • Chicago, Illinois: 3.41% average rate, $35,000 → $308,721.42, cumulative change of 782.06%
  • Houston, Texas: 3.39% average rate, $35,000 → $306,239.30, cumulative change of 774.97%
  • Atlanta, Georgia: 3.39% average rate, $35,000 → $305,881.36, cumulative change of 773.95%
  • Detroit, Michigan: 3.33% average rate, $35,000 → $294,052.58, cumulative change of 740.15%

San Francisco, California experienced the highest rate of inflation during the 65 years between 1953 and 2018 (3.81%).

Detroit, Michigan experienced the lowest rate of inflation during the 65 years between 1953 and 2018 (3.33%).

Note that some locations showing 0% inflation may have not yet reported latest data.


Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £35,000.00 in 1953 would be equivalent to £949,123.83 in 2018, an absolute change of £914,123.83 and a cumulative change of 2,611.78%.

In Canada, CA$35,000.00 in 1953 would be equivalent to CA$330,886.52 in 2018, an absolute change of CA$295,886.52 and a cumulative change of 845.39%.

Compare these numbers to the US's overall absolute change of $295,386.89 and total percent change of 843.96%.


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 1953 and 2018.

Compare these values to the overall average of 3.51% per year:

Category Avg Inflation (%) Total Inflation (%) $35,000 in 1953 → 2018
Food 3.43 796.41 313,743.24
Shelter 4.14 1,296.82 488,886.51
Energy 3.89 1,095.82 418,536.63
Apparel 1.66 192.15 102,253.90
New vehicles 1.05 97.67 69,184.90
Used cars and trucks 0.61 48.87 52,104.47
Transportation services 3.35 748.83 297,090.45
Medical care services 5.62 3,386.38 1,220,231.35
Medical care commodities 4.28 1,428.86 535,101.01

It's important to note that not all categories may be tracked since 1953. This table and visualization use the earliest available data for each category.



How to Calculate Inflation Rate for $35,000 since 1953

This inflation calculator uses the following inflation rate formula:

CPI in 2018CPI in 1953
×
1953 USD value
=
2018 USD value

Then plug in historical CPI values. The U.S. CPI was 26.7 in the year 1953 and 252.038 in 2018:

252.03826.7
×
$35,000
=
$330,386.89

$35,000 in 1953 has the same "purchasing power" or "buying power" as $330,386.89 in 2018.

To get the total inflation rate for the 65 years between 1953 and 2018, we use the following formula:

CPI in 2018 - CPI in 1953CPI in 1953
×
100
=
Cumulative inflation rate (65 years)

Plugging in the values to this equation, we get:

252.038 - 26.726.7
×
100
=
844%

Comparison to S&P 500 Index

The average inflation rate of 3.51% has a compounding effect between 1953 and 2018. As noted above, this yearly inflation rate compounds to produce an overall price difference of 843.96% over 65 years.

To help put this inflation into perspective, if we had invested $35,000 in the S&P 500 index in 1953, our investment would be nominally worth approximately $26,348,714.44 in 2018. This is a return on investment of 75,182.04%, with an absolute return of $26,313,714.44.

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 89.41% of returns ($23,526,134.09) during this period. This means the inflation-adjusted real return of our $35,000 investment is $2,787,580.35.

Investment in S&P 500 Index, 1953-2018
Original Amount Final Amount Change
Nominal $35,000 $26,348,714.44 75,182.04%
Real
Inflation Adjusted
$35,000 $2,787,580.35 7,964.52%


News headlines from 1953

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

  • Harry Truman announces that America had developed a hydrogen bomb.
  • Francis Crick and James Watson announce the discovery of the DNA molecule.
  • Doctor Jonas Salk announces the creation of a polio vaccine.

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: “$35,000 in 1953 → 2018 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 16 Dec. 2018, https://www.officialdata.org/1953-dollars-in-2018?amount=35000.

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


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