\$50 in 1777 is worth \$1,156.23 in 2017

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Value of \$50 from 1777 to 2017

\$50 in 1777 is equivalent in purchasing power to about \$1,156.23 in 2017, an increase of \$1,106.23 over 240 years. The dollar had an average inflation rate of 1.32% per year between 1777 and 2017, producing a cumulative price increase of 2,212.45%.

This means that prices in 2017 are 23.12 times higher than average prices since 1777, according to the Bureau of Labor Statistics consumer price index.

The 1777 inflation rate was 21.84%. The inflation rate in 2017 was 2.13%. The 2017 inflation rate is lower compared to the average inflation rate of 2.61% per year between 2017 and 2021.

 Cumulative price change 2,212.45% Average inflation rate 1.32% Converted amount (\$50 base) \$1,156.23 Price difference (\$50 base) \$1,106.23 CPI in 1777 10.600 CPI in 2017 245.120 Inflation in 1777 21.84% Inflation in 2017 2.13% \$50 in 1777 \$1,156.23 in 2017

USD Inflation since 1635
Annual Rate, the Bureau of Labor Statistics CPI

Buying power of \$50 in 1777

This chart shows a calculation of buying power equivalence for \$50 in 1777 (price index tracking began in 1635).

For example, if you started with \$50, you would need to end with \$1,156.23 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$50 is equivalent to \$1,156.23 over time, that means that the "real value" of a single U.S. dollar decreases over time. In other words, a dollar will pay for fewer items at the store.

This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 1777 dollars, the chart below shows how \$50 is worth less over 240 years.

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:

Dollar inflation: 1777-2017
Year Dollar Value Inflation Rate
1777 \$50.00 21.84%
1778 \$65.09 30.19%
1779 \$57.55 -11.59%
1780 \$64.62 12.30%
1781 \$52.36 -18.98%
1782 \$57.08 9.01%
1783 \$50.00 -12.40%
1784 \$48.11 -3.77%
1785 \$45.75 -4.90%
1786 \$44.81 -2.06%
1787 \$43.87 -2.11%
1788 \$41.98 -4.30%
1789 \$41.51 -1.12%
1790 \$43.40 4.55%
1791 \$44.34 2.17%
1792 \$45.28 2.13%
1793 \$46.70 3.13%
1794 \$51.89 11.11%
1795 \$59.43 14.55%
1796 \$62.26 4.76%
1797 \$59.91 -3.79%
1798 \$58.02 -3.15%
1799 \$58.02 0.00%
1800 \$59.43 2.44%
1801 \$59.91 0.79%
1802 \$50.47 -15.75%
1803 \$53.30 5.61%
1804 \$55.66 4.42%
1805 \$55.19 -0.85%
1806 \$57.55 4.27%
1807 \$54.72 -4.92%
1808 \$59.43 8.62%
1809 \$58.02 -2.38%
1810 \$58.02 0.00%
1811 \$61.79 6.50%
1812 \$62.74 1.53%
1813 \$75.47 20.30%
1814 \$83.02 10.00%
1815 \$72.64 -12.50%
1816 \$66.51 -8.44%
1817 \$62.74 -5.67%
1818 \$59.91 -4.51%
1819 \$59.91 0.00%
1820 \$55.19 -7.87%
1821 \$53.30 -3.42%
1822 \$55.19 3.54%
1823 \$49.53 -10.26%
1824 \$45.75 -7.62%
1825 \$46.70 2.06%
1826 \$46.70 0.00%
1827 \$47.17 1.01%
1828 \$44.81 -5.00%
1829 \$43.87 -2.11%
1830 \$43.40 -1.08%
1831 \$41.04 -5.43%
1832 \$40.57 -1.15%
1833 \$39.62 -2.33%
1834 \$40.57 2.38%
1835 \$41.51 2.33%
1836 \$43.87 5.68%
1837 \$45.28 3.23%
1838 \$43.87 -3.12%
1839 \$43.87 0.00%
1840 \$41.04 -6.45%
1841 \$41.04 0.00%
1842 \$38.68 -5.75%
1843 \$34.91 -9.76%
1844 \$35.38 1.35%
1845 \$35.85 1.33%
1846 \$36.32 1.32%
1847 \$38.68 6.49%
1848 \$37.26 -3.66%
1849 \$36.32 -2.53%
1850 \$36.79 1.30%
1851 \$36.32 -1.28%
1852 \$36.32 0.00%
1853 \$36.32 0.00%
1854 \$39.62 9.09%
1855 \$41.04 3.57%
1856 \$40.09 -2.30%
1857 \$41.04 2.35%
1858 \$38.68 -5.75%
1859 \$39.15 1.22%
1860 \$39.15 0.00%
1861 \$41.51 6.02%
1862 \$47.64 14.77%
1863 \$59.43 24.75%
1864 \$74.06 24.60%
1865 \$76.89 3.82%
1866 \$75.00 -2.45%
1867 \$69.81 -6.92%
1868 \$66.98 -4.05%
1869 \$64.15 -4.23%
1870 \$61.79 -3.68%
1871 \$57.55 -6.87%
1872 \$57.55 0.00%
1873 \$56.60 -1.64%
1874 \$53.77 -5.00%
1875 \$51.89 -3.51%
1876 \$50.47 -2.73%
1877 \$49.53 -1.87%
1878 \$47.17 -4.76%
1879 \$47.17 0.00%
1880 \$48.11 2.00%
1881 \$48.11 0.00%
1882 \$48.11 0.00%
1883 \$47.64 -0.98%
1884 \$46.23 -2.97%
1885 \$45.75 -1.02%
1886 \$44.34 -3.09%
1887 \$44.81 1.06%
1888 \$44.81 0.00%
1889 \$43.40 -3.16%
1890 \$42.92 -1.09%
1891 \$42.92 0.00%
1892 \$42.92 0.00%
1893 \$42.45 -1.10%
1894 \$40.57 -4.44%
1895 \$39.62 -2.33%
1896 \$39.62 0.00%
1897 \$39.15 -1.19%
1898 \$39.15 0.00%
1899 \$39.15 0.00%
1900 \$39.62 1.20%
1901 \$40.09 1.19%
1902 \$40.57 1.18%
1903 \$41.51 2.33%
1904 \$41.98 1.14%
1905 \$41.51 -1.12%
1906 \$42.45 2.27%
1907 \$44.34 4.44%
1908 \$43.40 -2.13%
1909 \$42.92 -1.09%
1910 \$44.81 4.40%
1911 \$44.81 0.00%
1912 \$45.75 2.11%
1913 \$46.70 2.06%
1914 \$47.17 1.01%
1915 \$47.64 1.00%
1916 \$51.42 7.92%
1917 \$60.38 17.43%
1918 \$71.23 17.97%
1919 \$81.60 14.57%
1920 \$94.34 15.61%
1921 \$84.43 -10.50%
1922 \$79.25 -6.15%
1923 \$80.66 1.79%
1924 \$80.66 0.00%
1925 \$82.55 2.34%
1926 \$83.49 1.14%
1927 \$82.08 -1.69%
1928 \$80.66 -1.72%
1929 \$80.66 0.00%
1930 \$78.77 -2.34%
1931 \$71.70 -8.98%
1932 \$64.62 -9.87%
1933 \$61.32 -5.11%
1934 \$63.21 3.08%
1935 \$64.62 2.24%
1936 \$65.57 1.46%
1937 \$67.92 3.60%
1938 \$66.51 -2.08%
1939 \$65.57 -1.42%
1940 \$66.04 0.72%
1941 \$69.34 5.00%
1942 \$76.89 10.88%
1943 \$81.60 6.13%
1944 \$83.02 1.73%
1945 \$84.91 2.27%
1946 \$91.98 8.33%
1947 \$105.19 14.36%
1948 \$113.68 8.07%
1949 \$112.26 -1.24%
1950 \$113.68 1.26%
1951 \$122.64 7.88%
1952 \$125.00 1.92%
1953 \$125.94 0.75%
1954 \$126.89 0.75%
1955 \$126.42 -0.37%
1956 \$128.30 1.49%
1957 \$132.55 3.31%
1958 \$136.32 2.85%
1959 \$137.26 0.69%
1960 \$139.62 1.72%
1961 \$141.04 1.01%
1962 \$142.45 1.00%
1963 \$144.34 1.32%
1964 \$146.23 1.31%
1965 \$148.58 1.61%
1966 \$152.83 2.86%
1967 \$157.55 3.09%
1968 \$164.15 4.19%
1969 \$173.11 5.46%
1970 \$183.02 5.72%
1971 \$191.04 4.38%
1972 \$197.17 3.21%
1973 \$209.43 6.22%
1974 \$232.55 11.04%
1975 \$253.77 9.13%
1976 \$268.40 5.76%
1977 \$285.85 6.50%
1978 \$307.55 7.59%
1979 \$342.45 11.35%
1980 \$388.68 13.50%
1981 \$428.77 10.32%
1982 \$455.19 6.16%
1983 \$469.81 3.21%
1984 \$490.09 4.32%
1985 \$507.55 3.56%
1986 \$516.98 1.86%
1987 \$535.85 3.65%
1988 \$558.02 4.14%
1989 \$584.91 4.82%
1990 \$616.51 5.40%
1991 \$642.45 4.21%
1992 \$661.79 3.01%
1993 \$681.60 2.99%
1994 \$699.06 2.56%
1995 \$718.87 2.83%
1996 \$740.09 2.95%
1997 \$757.08 2.29%
1998 \$768.87 1.56%
1999 \$785.85 2.21%
2000 \$812.26 3.36%
2001 \$835.38 2.85%
2002 \$848.58 1.58%
2003 \$867.92 2.28%
2004 \$891.04 2.66%
2005 \$921.23 3.39%
2006 \$950.94 3.23%
2007 \$978.03 2.85%
2008 \$1,015.58 3.84%
2009 \$1,011.97 -0.36%
2010 \$1,028.57 1.64%
2011 \$1,061.03 3.16%
2012 \$1,082.99 2.07%
2013 \$1,098.85 1.46%
2014 \$1,116.68 1.62%
2015 \$1,118.00 0.12%
2016 \$1,132.11 1.26%
2017 \$1,156.23 2.13%
2018 \$1,185.05 2.49%
2019 \$1,205.93 1.76%
2020 \$1,220.81 1.23%
2021 \$1,281.58 4.98%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 234 more rows

This conversion table shows various other 1777 amounts in 2017 dollars, based on the 2,212.45% change in prices:

Conversion: 1777 dollars in 2017
Initial value Equivalent value
\$1 dollar in 1777 \$23.12 dollars in 2017
\$5 dollars in 1777 \$115.62 dollars in 2017
\$10 dollars in 1777 \$231.25 dollars in 2017
\$50 dollars in 1777 \$1,156.23 dollars in 2017
\$100 dollars in 1777 \$2,312.45 dollars in 2017
\$500 dollars in 1777 \$11,562.26 dollars in 2017
\$1,000 dollars in 1777 \$23,124.53 dollars in 2017
\$5,000 dollars in 1777 \$115,622.64 dollars in 2017
\$10,000 dollars in 1777 \$231,245.28 dollars in 2017
\$50,000 dollars in 1777 \$1,156,226.42 dollars in 2017
\$100,000 dollars in 1777 \$2,312,452.83 dollars in 2017
\$500,000 dollars in 1777 \$11,562,264.15 dollars in 2017
\$1,000,000 dollars in 1777 \$23,124,528.30 dollars in 2017

Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £50.00 in 1777 would be equivalent to £7,789.13 in 2017, an absolute change of £7,739.13 and a cumulative change of 15,478.26%.

Compare these numbers to the US's overall absolute change of \$1,106.23 and total percent change of 2,212.45%.

Inflation by Spending Category

CPI is the weighted combination of many categories of spending that are tracked by the government. Breaking down these categories helps explain the main drivers behind price changes. This chart shows the average rate of inflation for select CPI categories between 1777 and 2017.

Compare these values to the overall average of 1.32% per year:

Category Avg Inflation (%) Total Inflation (%) \$50 in 1777 → 2017
Food and beverages 4.01 1,252,448.43 626,274.21
Housing 4.29 2,376,082.27 1,188,091.14
Apparel 2.07 13,595.10 6,847.55
Transportation 3.29 235,447.70 117,773.85
Medical care 4.80 7,639,764.72 3,819,932.36
Recreation 1.11 1,326.61 713.30
Education and communication 1.97 10,579.11 5,339.55
Other goods and services 5.15 17,283,931.27 8,642,015.63

The graph below compares inflation in categories of goods over time. Click on a category such as "Food" to toggle it on or off:

For all these visualizations, it's important to note that not all categories may have been tracked since 1777. This table and charts use the earliest available data for each category.

How to Calculate Inflation Rate for \$50, 1777 to 2017

Our calculations use the following inflation rate formula to calculate the change in value between 1777 and 2017:

CPI in 2017 CPI in 1777
×
1777 USD value
=
2017 USD value

Then plug in historical CPI values. The U.S. CPI was 10.6 in the year 1777 and 245.12 in 2017:

245.1210.6
×
\$50
=
\$1,156.23

\$50 in 1777 has the same "purchasing power" or "buying power" as \$1,156.23 in 2017.

To get the total inflation rate for the 240 years between 1777 and 2017, we use the following formula:

CPI in 2017 - CPI in 1777CPI in 1777
×
100
=
Cumulative inflation rate (240 years)

Plugging in the values to this equation, we get:

245.12 - 10.610.6
×
100
=
2,212%

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

• George Washington's army defeats the British army at the Battle of Princeton.
• The US becomes the first nation to abolish slavery, when it introduces its new Constitution
• The US flag is used for the first time, in the battle at Cooch's Bridge, during American Revolutionary war
• British colonies in America proclaimed independent from France

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: “\$50 in 1777 → 2017 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 3 Aug. 2021, https://www.officialdata.org/1777-dollars-in-2017?amount=50.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

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