$445,000 in 1970 → $2,891,880.67 in 2018

Inflation Calculator

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U.S. Inflation Rate, $445,000 in 1970 to 2018

According to the Bureau of Labor Statistics consumer price index, prices in 2018 are 549.86% higher than prices in 1970. The dollar experienced an average inflation rate of 2.70% per year during this period.

In other words, $445,000 in 1970 is equivalent in purchasing power to $2,891,880.67 in 2018, a difference of $2,446,880.67 over 48 years.

The 1970 inflation rate was 5.72%. The current inflation rate (2017 to 2018) is now 2.70%1. If this number holds, $445,000 today will be equivalent to $457,011.35 next year. The current inflation rate page gives more detail on the latest official inflation rates.


Inflation from 1970 to 2018
Cumulative price change 549.86%
Average inflation rate 2.70%
Converted amount ($445,000 base) $2,891,880.67
Price difference ($445,000 base) $2,446,880.67
CPI in 1970 38.8
CPI in 2018 252.146
Inflation in 1970 5.72%
Inflation in 2018 2.70%


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

Buying power of $445,000 since 1970

This chart shows calculations of buying power equivalence over time for $445,000 in 1970 (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
1970 $445,000.00 5.72%
1971 $464,497.42 4.38%
1972 $479,407.22 3.21%
1973 $509,226.80 6.22%
1974 $565,425.26 11.04%
1975 $617,036.08 9.13%
1976 $652,590.21 5.76%
1977 $695,025.77 6.50%
1978 $747,783.51 7.59%
1979 $832,654.64 11.35%
1980 $945,051.55 13.50%
1981 $1,042,538.66 10.32%
1982 $1,106,765.46 6.16%
1983 $1,142,319.59 3.21%
1984 $1,191,636.60 4.32%
1985 $1,234,072.16 3.56%
1986 $1,257,010.31 1.86%
1987 $1,302,886.60 3.65%
1988 $1,356,791.24 4.14%
1989 $1,422,164.95 4.82%
1990 $1,499,007.73 5.40%
1991 $1,562,087.63 4.21%
1992 $1,609,110.82 3.01%
1993 $1,657,280.93 2.99%
1994 $1,699,716.49 2.56%
1995 $1,747,886.60 2.83%
1996 $1,799,497.42 2.95%
1997 $1,840,786.08 2.29%
1998 $1,869,458.76 1.56%
1999 $1,910,747.42 2.21%
2000 $1,974,974.23 3.36%
2001 $2,031,172.68 2.85%
2002 $2,063,286.08 1.58%
2003 $2,110,309.28 2.28%
2004 $2,166,507.73 2.66%
2005 $2,239,909.79 3.39%
2006 $2,312,164.95 3.23%
2007 $2,378,020.36 2.85%
2008 $2,469,325.64 3.84%
2009 $2,460,540.34 -0.36%
2010 $2,500,900.00 1.64%
2011 $2,579,841.62 3.16%
2012 $2,633,230.15 2.07%
2013 $2,671,800.64 1.46%
2014 $2,715,142.27 1.62%
2015 $2,718,365.08 0.12%
2016 $2,752,657.60 1.26%
2017 $2,811,298.97 2.13%
2018 $2,891,880.67 2.87%*
* 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 1970 to 2018 (figures shown are purchasing power equivalents of $445,000):

  • San Francisco, California: 4.30% average rate, $445,000 → $3,358,483.65, cumulative change of 654.72%
  • Seattle, Washington: 4.21% average rate, $445,000 → $3,221,045.57, cumulative change of 623.83%
  • Boston, Massachusetts: 4.09% average rate, $445,000 → $3,052,666.58, cumulative change of 585.99%
  • New York: 4.02% average rate, $445,000 → $2,953,350.91, cumulative change of 563.67%
  • Houston, Texas: 3.88% average rate, $445,000 → $2,763,715.28, cumulative change of 521.06%
  • Atlanta, Georgia: 3.87% average rate, $445,000 → $2,755,526.51, cumulative change of 519.22%
  • Dallas-Fort Worth, Texas: 3.87% average rate, $445,000 → $2,751,934.12, cumulative change of 518.41%
  • Philadelphia, Pennsylvania: 3.86% average rate, $445,000 → $2,741,645.73, cumulative change of 516.10%
  • Chicago, Illinois: 3.84% average rate, $445,000 → $2,716,194.72, cumulative change of 510.38%
  • Detroit, Michigan: 3.76% average rate, $445,000 → $2,611,092.17, cumulative change of 486.76%

San Francisco, California experienced the highest rate of inflation during the 48 years between 1970 and 2018 (4.30%).

Detroit, Michigan experienced the lowest rate of inflation during the 48 years between 1970 and 2018 (3.76%).


Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £445,000.00 in 1970 would be equivalent to £6,685,786.29 in 2018, an absolute change of £6,240,786.29 and a cumulative change of 1,402.42%.

In Canada, CA$445,000.00 in 1970 would be equivalent to CA$2,922,093.60 in 2018, an absolute change of CA$2,477,093.60 and a cumulative change of 556.65%.

Compare these numbers to the US's overall absolute change of $2,446,880.67 and total percent change of 549.86%.


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 1970 and 2018.

Compare these values to the overall average of 2.70% per year:

Category Avg Inflation (%) Total Inflation (%) $445,000 in 1970 → 2018
Food 3.96 545.52 2,872,574.33
Shelter 4.59 761.48 3,833,606.49
Energy 4.59 760.34 3,828,518.24
Apparel 1.58 112.47 945,471.13
New vehicles 1.05 65.40 736,042.24
Used cars and trucks 0.61 34.16 596,995.80
Transportation services 3.35 385.17 2,159,028.30
Medical care services 5.94 1,498.29 7,112,380.09
Medical care commodities 4.49 722.24 3,658,957.22

It's important to note that not all categories may be tracked since 1970. This table and visualization use the earliest available data for each category.



How to Calculate Inflation Rate for $445,000 since 1970

This inflation calculator uses the following inflation rate formula:

CPI in 2018CPI in 1970
×
1970 USD value
=
2018 USD value

Then plug in historical CPI values. The U.S. CPI was 38.8 in the year 1970 and 252.146 in 2018:

252.14638.8
×
$445,000
=
$2,891,880.67

$445,000 in 1970 has the same "purchasing power" or "buying power" as $2,891,880.67 in 2018.

To get the total inflation rate for the 48 years between 1970 and 2018, we use the following formula:

CPI in 2018 - CPI in 1970CPI in 1970
×
100
=
Cumulative inflation rate (48 years)

Plugging in the values to this equation, we get:

252.146 - 38.838.8
×
100
=
550%

Alternate Measurements of Inflation

The above data describe the CPI for all items. Also of note is the Core CPI, which measures inflation for all items except for the more volatile categories of food and energy. Core inflation averaged 3.91% per year between 1970 and 2018 (vs all-CPI inflation of 2.70%), for an inflation total of 529.02%.

When using the core inflation measurement, $445,000 in 1970 is equivalent in buying power to $2,799,129.50 in 2018, a difference of $2,354,129.50. Recall that for All Items, the converted amount is $2,891,880.67 with a difference of $2,446,880.67.

In 1970, core inflation was 6.25%.


News headlines from 1970

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

  • 1/1/1970 established as Epoch time for UNIX systems.
  • Rhodesia declares independence and sets up a republican government.
  • Aswan Dam opens in Egypt to prevent flooding of the Nile River.
  • A Palestinian terrorist organization, hijacks three aircraft, in an incident that is later known as Black September.

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: “$445,000 in 1970 → 2018 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 24 Sep. 2018, https://www.officialdata.org/1970-dollars-in-2018?amount=445000.

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


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