# \$5,000 in 1847 is worth \$153,189.02 in 2018

\$
👉 You may be interested in \$5,000 in 1847 → 2021

## Value of \$5,000 from 1847 to 2018

\$5,000 in 1847 is equivalent in purchasing power to about \$153,189.02 in 2018, an increase of \$148,189.02 over 171 years. The dollar had an average inflation rate of 2.02% per year between 1847 and 2018, producing a cumulative price increase of 2,963.78%.

This means that prices in 2018 are 30.64 times higher than average prices since 1847, according to the Bureau of Labor Statistics consumer price index.

The 1847 inflation rate was 6.49%. The inflation rate in 2018 was 2.49%. The 2018 inflation rate is lower compared to the average inflation rate of 2.64% per year between 2018 and 2021.

 Cumulative price change 2,963.78% Average inflation rate 2.02% Converted amount (\$5,000 base) \$153,189.02 Price difference (\$5,000 base) \$148,189.02 CPI in 1847 8.200 CPI in 2018 251.230 Inflation in 1847 6.49% Inflation in 2018 2.49% \$5,000 in 1847 \$153,189.02 in 2018

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

## Buying power of \$5,000 in 1847

This chart shows a calculation of buying power equivalence for \$5,000 in 1847 (price index tracking began in 1635).

For example, if you started with \$5,000, you would need to end with \$153,189.02 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$5,000 is equivalent to \$153,189.02 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 1847 dollars, the chart below shows how \$5,000 is worth less over 171 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: 1847-2018
Year Dollar Value Inflation Rate
1847 \$5,000.00 6.49%
1848 \$4,817.07 -3.66%
1849 \$4,695.12 -2.53%
1850 \$4,756.10 1.30%
1851 \$4,695.12 -1.28%
1852 \$4,695.12 0.00%
1853 \$4,695.12 0.00%
1854 \$5,121.95 9.09%
1855 \$5,304.88 3.57%
1856 \$5,182.93 -2.30%
1857 \$5,304.88 2.35%
1858 \$5,000.00 -5.75%
1859 \$5,060.98 1.22%
1860 \$5,060.98 0.00%
1861 \$5,365.85 6.02%
1862 \$6,158.54 14.77%
1863 \$7,682.93 24.75%
1864 \$9,573.17 24.60%
1865 \$9,939.02 3.82%
1866 \$9,695.12 -2.45%
1867 \$9,024.39 -6.92%
1868 \$8,658.54 -4.05%
1869 \$8,292.68 -4.23%
1870 \$7,987.80 -3.68%
1871 \$7,439.02 -6.87%
1872 \$7,439.02 0.00%
1873 \$7,317.07 -1.64%
1874 \$6,951.22 -5.00%
1875 \$6,707.32 -3.51%
1876 \$6,524.39 -2.73%
1877 \$6,402.44 -1.87%
1878 \$6,097.56 -4.76%
1879 \$6,097.56 0.00%
1880 \$6,219.51 2.00%
1881 \$6,219.51 0.00%
1882 \$6,219.51 0.00%
1883 \$6,158.54 -0.98%
1884 \$5,975.61 -2.97%
1885 \$5,914.63 -1.02%
1886 \$5,731.71 -3.09%
1887 \$5,792.68 1.06%
1888 \$5,792.68 0.00%
1889 \$5,609.76 -3.16%
1890 \$5,548.78 -1.09%
1891 \$5,548.78 0.00%
1892 \$5,548.78 0.00%
1893 \$5,487.80 -1.10%
1894 \$5,243.90 -4.44%
1895 \$5,121.95 -2.33%
1896 \$5,121.95 0.00%
1897 \$5,060.98 -1.19%
1898 \$5,060.98 0.00%
1899 \$5,060.98 0.00%
1900 \$5,121.95 1.20%
1901 \$5,182.93 1.19%
1902 \$5,243.90 1.18%
1903 \$5,365.85 2.33%
1904 \$5,426.83 1.14%
1905 \$5,365.85 -1.12%
1906 \$5,487.80 2.27%
1907 \$5,731.71 4.44%
1908 \$5,609.76 -2.13%
1909 \$5,548.78 -1.09%
1910 \$5,792.68 4.40%
1911 \$5,792.68 0.00%
1912 \$5,914.63 2.11%
1913 \$6,036.59 2.06%
1914 \$6,097.56 1.01%
1915 \$6,158.54 1.00%
1916 \$6,646.34 7.92%
1917 \$7,804.88 17.43%
1918 \$9,207.32 17.97%
1919 \$10,548.78 14.57%
1920 \$12,195.12 15.61%
1921 \$10,914.63 -10.50%
1922 \$10,243.90 -6.15%
1923 \$10,426.83 1.79%
1924 \$10,426.83 0.00%
1925 \$10,670.73 2.34%
1926 \$10,792.68 1.14%
1927 \$10,609.76 -1.69%
1928 \$10,426.83 -1.72%
1929 \$10,426.83 0.00%
1930 \$10,182.93 -2.34%
1931 \$9,268.29 -8.98%
1932 \$8,353.66 -9.87%
1933 \$7,926.83 -5.11%
1934 \$8,170.73 3.08%
1935 \$8,353.66 2.24%
1936 \$8,475.61 1.46%
1937 \$8,780.49 3.60%
1938 \$8,597.56 -2.08%
1939 \$8,475.61 -1.42%
1940 \$8,536.59 0.72%
1941 \$8,963.41 5.00%
1942 \$9,939.02 10.88%
1943 \$10,548.78 6.13%
1944 \$10,731.71 1.73%
1945 \$10,975.61 2.27%
1946 \$11,890.24 8.33%
1947 \$13,597.56 14.36%
1948 \$14,695.12 8.07%
1949 \$14,512.20 -1.24%
1950 \$14,695.12 1.26%
1951 \$15,853.66 7.88%
1952 \$16,158.54 1.92%
1953 \$16,280.49 0.75%
1954 \$16,402.44 0.75%
1955 \$16,341.46 -0.37%
1956 \$16,585.37 1.49%
1957 \$17,134.15 3.31%
1958 \$17,621.95 2.85%
1959 \$17,743.90 0.69%
1960 \$18,048.78 1.72%
1961 \$18,231.71 1.01%
1962 \$18,414.63 1.00%
1963 \$18,658.54 1.32%
1964 \$18,902.44 1.31%
1965 \$19,207.32 1.61%
1966 \$19,756.10 2.86%
1967 \$20,365.85 3.09%
1968 \$21,219.51 4.19%
1969 \$22,378.05 5.46%
1970 \$23,658.54 5.72%
1971 \$24,695.12 4.38%
1972 \$25,487.80 3.21%
1973 \$27,073.17 6.22%
1974 \$30,060.98 11.04%
1975 \$32,804.88 9.13%
1976 \$34,695.12 5.76%
1977 \$36,951.22 6.50%
1978 \$39,756.10 7.59%
1979 \$44,268.29 11.35%
1980 \$50,243.90 13.50%
1981 \$55,426.83 10.32%
1982 \$58,841.46 6.16%
1983 \$60,731.71 3.21%
1984 \$63,353.66 4.32%
1985 \$65,609.76 3.56%
1986 \$66,829.27 1.86%
1987 \$69,268.29 3.65%
1988 \$72,134.15 4.14%
1989 \$75,609.76 4.82%
1990 \$79,695.12 5.40%
1991 \$83,048.78 4.21%
1992 \$85,548.78 3.01%
1993 \$88,109.76 2.99%
1994 \$90,365.85 2.56%
1995 \$92,926.83 2.83%
1996 \$95,670.73 2.95%
1997 \$97,865.85 2.29%
1998 \$99,390.24 1.56%
1999 \$101,585.37 2.21%
2000 \$105,000.00 3.36%
2001 \$107,987.80 2.85%
2002 \$109,695.12 1.58%
2003 \$112,195.12 2.28%
2004 \$115,182.93 2.66%
2005 \$119,085.37 3.39%
2006 \$122,926.83 3.23%
2007 \$126,428.05 2.85%
2008 \$131,282.32 3.84%
2009 \$130,815.24 -0.36%
2010 \$132,960.98 1.64%
2011 \$137,157.93 3.16%
2012 \$139,996.34 2.07%
2013 \$142,046.95 1.46%
2014 \$144,351.22 1.62%
2015 \$144,522.56 0.12%
2016 \$146,345.73 1.26%
2017 \$149,463.41 2.13%
2018 \$153,189.02 2.49%
2019 \$155,888.72 1.76%
2020 \$157,811.99 1.23%
2021 \$165,668.29 4.98%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 165 more rows

This conversion table shows various other 1847 amounts in 2018 dollars, based on the 2,963.78% change in prices:

Conversion: 1847 dollars in 2018
Initial value Equivalent value
\$1 dollar in 1847 \$30.64 dollars in 2018
\$5 dollars in 1847 \$153.19 dollars in 2018
\$10 dollars in 1847 \$306.38 dollars in 2018
\$50 dollars in 1847 \$1,531.89 dollars in 2018
\$100 dollars in 1847 \$3,063.78 dollars in 2018
\$500 dollars in 1847 \$15,318.90 dollars in 2018
\$1,000 dollars in 1847 \$30,637.80 dollars in 2018
\$5,000 dollars in 1847 \$153,189.02 dollars in 2018
\$10,000 dollars in 1847 \$306,378.05 dollars in 2018
\$50,000 dollars in 1847 \$1,531,890.24 dollars in 2018
\$100,000 dollars in 1847 \$3,063,780.49 dollars in 2018
\$500,000 dollars in 1847 \$15,318,902.44 dollars in 2018
\$1,000,000 dollars in 1847 \$30,637,804.88 dollars in 2018

## Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £5,000.00 in 1847 would be equivalent to £506,386.38 in 2018, an absolute change of £501,386.38 and a cumulative change of 10,027.73%.

Compare these numbers to the US's overall absolute change of \$148,189.02 and total percent change of 2,963.78%.

## 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 1847 and 2018.

Compare these values to the overall average of 2.02% per year:

Category Avg Inflation (%) Total Inflation (%) \$5,000 in 1847 → 2018
Food and beverages 3.96 76,239.38 3,816,969.05
Housing 4.26 125,240.12 6,267,006.10
Apparel 2.05 3,121.39 161,069.42
Transportation 3.30 25,791.81 1,294,590.36
Medical care 4.76 284,854.19 14,247,709.73
Recreation 1.09 537.11 31,855.70
Education and communication 1.89 2,375.17 123,758.42
Other goods and services 5.10 490,850.13 24,547,506.52

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 1847. This table and charts use the earliest available data for each category.

## How to Calculate Inflation Rate for \$5,000, 1847 to 2018

Our calculations use the following inflation rate formula to calculate the change in value between 1847 and 2018:

CPI in 2018 CPI in 1847
×
1847 USD value
=
2018 USD value

Then plug in historical CPI values. The U.S. CPI was 8.2 in the year 1847 and 251.23 in 2018:

251.238.2
×
\$5,000
=
\$153,189.02

\$5,000 in 1847 has the same "purchasing power" or "buying power" as \$153,189.02 in 2018.

To get the total inflation rate for the 171 years between 1847 and 2018, we use the following formula:

CPI in 2018 - CPI in 1847CPI in 1847
×
100
=
Cumulative inflation rate (171 years)

Plugging in the values to this equation, we get:

251.23 - 8.28.2
×
100
=
2,964%

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

• The US Government purchases Samuel Colt's revolver pistol for the first time.
• Mexico City is captured by United States General Winfield Scott during the Mexican-American War

## 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: “\$5,000 in 1847 → 2018 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 3 Aug. 2021, https://www.officialdata.org/1847-dollars-in-2018?amount=5000.

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.