$3,000 in 1980 → $8,924.27 in 2017

Inflation Calculator

$

$3,000 in 1980 → $8,924.27 in 2017

👉 You may be interested in $3,000 in 1980 → 2019

U.S. Inflation Rate, $3,000 in 1980 to 2017

According to the Bureau of Labor Statistics consumer price index, prices in 2017 are 197.48% higher than average prices throughout 1980. The dollar experienced an average inflation rate of 2.99% per year during this period, meaning the real value of a dollar decreased.

In other words, $3,000 in 1980 is equivalent in purchasing power to about $8,924.27 in 2017, a difference of $5,924.27 over 37 years.

The 1980 inflation rate was 13.50%. The inflation rate in 2017 was 2.13%. The 2017 inflation rate is lower compared to the average inflation rate of 2.31% per year between 2017 and 2019.


Inflation from 1980 to 2017
Cumulative price change 197.48%
Average inflation rate 2.99%
Converted amount ($3,000 base) $8,924.27
Price difference ($3,000 base) $5,924.27
CPI in 1980 82.400
CPI in 2017 245.120
Inflation in 1980 13.50%
Inflation in 2017 2.13%

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

Buying power of $3,000 in 1980

This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for $3,000 in 1980 (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 Dollar Value Inflation Rate
1980 $3,000.00 13.50%
1981 $3,309.47 10.32%
1982 $3,513.35 6.16%
1983 $3,626.21 3.21%
1984 $3,782.77 4.32%
1985 $3,917.48 3.56%
1986 $3,990.29 1.86%
1987 $4,135.92 3.65%
1988 $4,307.04 4.14%
1989 $4,514.56 4.82%
1990 $4,758.50 5.40%
1991 $4,958.74 4.21%
1992 $5,108.01 3.01%
1993 $5,260.92 2.99%
1994 $5,395.63 2.56%
1995 $5,548.54 2.83%
1996 $5,712.38 2.95%
1997 $5,843.45 2.29%
1998 $5,934.47 1.56%
1999 $6,065.53 2.21%
2000 $6,269.42 3.36%
2001 $6,447.82 2.85%
2002 $6,549.76 1.58%
2003 $6,699.03 2.28%
2004 $6,877.43 2.66%
2005 $7,110.44 3.39%
2006 $7,339.81 3.23%
2007 $7,548.86 2.85%
2008 $7,838.70 3.84%
2009 $7,810.81 -0.36%
2010 $7,938.93 1.64%
2011 $8,189.53 3.16%
2012 $8,359.00 2.07%
2013 $8,481.44 1.46%
2014 $8,619.03 1.62%
2015 $8,629.26 0.12%
2016 $8,738.12 1.26%
2017 $8,924.27 2.13%
2018 $9,142.24 2.44%
2019 $9,340.70 2.17%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 31 more rows

Inflation by City

Inflation can vary widely by city, even within the United States. Here's how some cities fared in 1980 to 2017 (figures shown are purchasing power equivalents of $3,000):

San Francisco, California experienced the highest rate of inflation during the 37 years between 1980 and 2017 (3.39%).

Detroit, Michigan experienced the lowest rate of inflation during the 37 years between 1980 and 2017 (2.68%).

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 £3,000.00 in 1980 would be equivalent to £12,228.67 in 2017, an absolute change of £9,228.67 and a cumulative change of 307.62%.

In Canada, CA$3,000.00 in 1980 would be equivalent to CA$8,467.53 in 2017, an absolute change of CA$5,467.53 and a cumulative change of 182.25%.

Compare these numbers to the US's overall absolute change of $5,924.27 and total percent change of 197.48%.


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 1980 and 2017.

Compare these values to the overall average of 2.99% per year:

Category Avg Inflation (%) Total Inflation (%) $3,000 in 1980 → 2017
Food 2.90 188.17 8,645.10
Shelter 3.58 267.69 11,030.80
Energy 2.37 137.80 7,134.08
Apparel 0.88 38.13 4,143.86
New vehicles 1.09 49.59 4,487.84
Used cars and trucks 0.63 26.01 3,780.21
Transportation services 3.76 291.34 11,740.33
Medical care services 5.31 577.89 20,336.83
Medical care commodities 4.44 399.79 14,993.85

It's important to note that not all categories may be tracked since 1980. This table and visualization use the earliest available data for each category.



How to Calculate Inflation Rate for $3,000, 1980 to 2017

This inflation calculator uses the following inflation rate formula:

CPI in 2017CPI in 1980
×
1980 USD value
=
2017 USD value

Then plug in historical CPI values. The U.S. CPI was 82.4 in the year 1980 and 245.12 in 2017:

245.1282.4
×
$3,000
=
$8,924.27

$3,000 in 1980 has the same "purchasing power" or "buying power" as $8,924.27 in 2017.

To get the total inflation rate for the 37 years between 1980 and 2017, we use the following formula:

CPI in 2017 - CPI in 1980CPI in 1980
×
100
=
Cumulative inflation rate (37 years)

Plugging in the values to this equation, we get:

245.12 - 82.482.4
×
100
=
197%

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 3.12% per year between 1980 and 2017 (vs all-CPI inflation of 2.99%), for an inflation total of 212.15%.

When using the core inflation measurement, $3,000 in 1980 is equivalent in buying power to $9,364.50 in 2017, a difference of $6,364.50. Recall that for All Items, the converted amount is $8,924.27 with a difference of $5,924.27.

In 1980, core inflation was 12.42%.


Comparison to S&P 500 Index

The average inflation rate of 2.99% has a compounding effect between 1980 and 2017. As noted above, this yearly inflation rate compounds to produce an overall price difference of 197.48% over 37 years.

To help put this inflation into perspective, if we had invested $3,000 in the S&P 500 index in 1980, our investment would be nominally worth approximately $204,163.27 in 2017. This is a return on investment of 6,705.44%, with an absolute return of $201,163.27.

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 66.38% of returns ($133,539.85) during this period. This means the inflation-adjusted real return of our $3,000 investment is $67,623.42.

Investment in S&P 500 Index, 1980-2017
Original Amount Final Amount Change
Nominal $3,000 $204,163.27 6,705.44%
Real
Inflation Adjusted
$3,000 $67,623.42 2,254.11%


News headlines from 1980

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

  • Princess Victoria is crowned Princess of Sweden.
  • Iranian protesters storm the Russian embassy in Iran.
  • Abdou Diouf is elected president of Senegal after being Prime Minister for ten years.
  • Cable News Network (CNN) is transmitted for the first time.
  • Saddam Hussein, President of Iraq, declares a holy war on Iran.

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: “$3,000 in 1980 → 2017 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 21 Sep. 2019, https://www.officialdata.org/1980-dollars-in-2017?amount=3000.

Special thanks to QuickChart for providing downloadable chart images.

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


» Read more about inflation and investment.

Inflation from 1980 to 2017
Cumulative price change 197.48%
Average inflation rate 2.99%
Converted amount ($3,000 base) $8,924.27
Price difference ($3,000 base) $5,924.27
CPI in 1980 82.400
CPI in 2017 245.120
Inflation in 1980 13.50%
Inflation in 2017 2.13%
Download Image