# \$1 in 1700 is worth \$2.41 in 1913

\$

## Value of \$1 from 1700 to 1913

\$1 in 1700 is equivalent in purchasing power to about \$2.41 in 1913, an increase of \$1.41 over 213 years. The dollar had an average inflation rate of 0.41% per year between 1700 and 1913, producing a cumulative price increase of 141.46%.

This means that prices in 1913 are 2.41 times as high as average prices since 1700, according to the Bureau of Labor Statistics consumer price index.

The inflation rate in 1700 was -2.38%. The inflation rate in 1913 was 2.06%. The 1913 inflation rate is lower compared to the average inflation rate of 3.16% per year between 1913 and 2024.

 Cumulative price change 141.46% Average inflation rate 0.41% Converted amount\$1 base \$2.41 Price difference\$1 base \$1.41 CPI in 1700 4.100 CPI in 1913 9.900 Inflation in 1700 -2.38% Inflation in 1913 2.06% \$1 in 1700 \$2.41 in 1913

USD inflation since 1700
Annual Rate, the Bureau of Labor Statistics CPI

## Buying power of \$1 in 1700

This chart shows a calculation of buying power equivalence for \$1 in 1700 (price index tracking began in 1635).

For example, if you started with \$1, you would need to end with \$2.41 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$1 is equivalent to \$2.41 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 1700 dollars, the chart below shows how \$1 is worth less over 213 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: 1700-1913
YearDollar ValueInflation Rate
1700\$1.00-2.38%
1701\$1.054.88%
1702\$0.95-9.30%
1703\$0.950.00%
1704\$1.1217.95%
1705\$1.02-8.70%
1706\$1.107.14%
1707\$1.05-4.44%
1708\$0.88-16.28%
1709\$1.1025.00%
1710\$1.00-8.89%
1711\$0.98-2.44%
1712\$0.93-5.00%
1713\$1.007.89%
1714\$0.90-9.76%
1715\$1.0718.92%
1716\$1.00-6.82%
1717\$1.109.76%
1718\$1.00-8.89%
1719\$1.109.76%
1720\$1.02-6.67%
1721\$0.98-4.76%
1722\$1.002.50%
1723\$1.022.44%
1724\$1.052.38%
1725\$1.2216.28%
1726\$1.15-6.00%
1727\$1.226.38%
1728\$1.12-8.00%
1729\$1.120.00%
1730\$1.120.00%
1731\$1.02-8.70%
1732\$0.93-9.52%
1733\$0.952.63%
1734\$0.93-2.56%
1735\$0.985.26%
1736\$0.93-5.00%
1737\$0.985.26%
1738\$1.002.50%
1739\$0.90-9.76%
1740\$0.955.41%
1741\$1.5966.67%
1742\$1.41-10.77%
1743\$1.27-10.34%
1744\$1.17-7.69%
1745\$1.12-4.17%
1746\$1.174.35%
1747\$1.2910.42%
1748\$1.5418.87%
1749\$1.561.59%
1750\$1.560.00%
1751\$1.560.00%
1752\$1.613.12%
1753\$1.56-3.03%
1754\$1.49-4.69%
1755\$1.46-1.64%
1756\$1.41-3.33%
1757\$1.516.90%
1758\$1.638.06%
1759\$1.9317.91%
1760\$1.85-3.80%
1761\$1.68-9.21%
1762\$1.838.70%
1763\$1.830.00%
1764\$1.71-6.67%
1765\$1.762.86%
1766\$1.886.94%
1767\$1.85-1.30%
1768\$1.76-5.26%
1769\$1.855.56%
1770\$2.007.89%
1771\$1.90-4.88%
1772\$2.2216.67%
1773\$2.10-5.49%
1774\$1.98-5.81%
1775\$1.88-4.94%
1776\$2.1212.99%
1777\$2.5921.84%
1778\$3.3730.19%
1779\$2.98-11.59%
1780\$3.3412.30%
1781\$2.71-18.98%
1782\$2.959.01%
1783\$2.59-12.40%
1784\$2.49-3.77%
1785\$2.37-4.90%
1786\$2.32-2.06%
1787\$2.27-2.11%
1788\$2.17-4.30%
1789\$2.15-1.12%
1790\$2.244.55%
1791\$2.292.17%
1792\$2.342.13%
1793\$2.413.13%
1794\$2.6811.11%
1795\$3.0714.55%
1796\$3.224.76%
1797\$3.10-3.79%
1798\$3.00-3.15%
1799\$3.000.00%
1800\$3.072.44%
1801\$3.100.79%
1802\$2.61-15.75%
1803\$2.765.61%
1804\$2.884.42%
1805\$2.85-0.85%
1806\$2.984.27%
1807\$2.83-4.92%
1808\$3.078.62%
1809\$3.00-2.38%
1810\$3.000.00%
1811\$3.206.50%
1812\$3.241.53%
1813\$3.9020.30%
1814\$4.2910.00%
1815\$3.76-12.50%
1816\$3.44-8.44%
1817\$3.24-5.67%
1818\$3.10-4.51%
1819\$3.100.00%
1820\$2.85-7.87%
1821\$2.76-3.42%
1822\$2.853.54%
1823\$2.56-10.26%
1824\$2.37-7.62%
1825\$2.412.06%
1826\$2.410.00%
1827\$2.441.01%
1828\$2.32-5.00%
1829\$2.27-2.11%
1830\$2.24-1.08%
1831\$2.12-5.43%
1832\$2.10-1.15%
1833\$2.05-2.33%
1834\$2.102.38%
1835\$2.152.33%
1836\$2.275.68%
1837\$2.343.23%
1838\$2.27-3.12%
1839\$2.270.00%
1840\$2.12-6.45%
1841\$2.120.00%
1842\$2.00-5.75%
1843\$1.80-9.76%
1844\$1.831.35%
1845\$1.851.33%
1846\$1.881.32%
1847\$2.006.49%
1848\$1.93-3.66%
1849\$1.88-2.53%
1850\$1.901.30%
1851\$1.88-1.28%
1852\$1.880.00%
1853\$1.880.00%
1854\$2.059.09%
1855\$2.123.57%
1856\$2.07-2.30%
1857\$2.122.35%
1858\$2.00-5.75%
1859\$2.021.22%
1860\$2.020.00%
1861\$2.156.02%
1862\$2.4614.77%
1863\$3.0724.75%
1864\$3.8324.60%
1865\$3.983.82%
1866\$3.88-2.45%
1867\$3.61-6.92%
1868\$3.46-4.05%
1869\$3.32-4.23%
1870\$3.20-3.68%
1871\$2.98-6.87%
1872\$2.980.00%
1873\$2.93-1.64%
1874\$2.78-5.00%
1875\$2.68-3.51%
1876\$2.61-2.73%
1877\$2.56-1.87%
1878\$2.44-4.76%
1879\$2.440.00%
1880\$2.492.00%
1881\$2.490.00%
1882\$2.490.00%
1883\$2.46-0.98%
1884\$2.39-2.97%
1885\$2.37-1.02%
1886\$2.29-3.09%
1887\$2.321.06%
1888\$2.320.00%
1889\$2.24-3.16%
1890\$2.22-1.09%
1891\$2.220.00%
1892\$2.220.00%
1893\$2.20-1.10%
1894\$2.10-4.44%
1895\$2.05-2.33%
1896\$2.050.00%
1897\$2.02-1.19%
1898\$2.020.00%
1899\$2.020.00%
1900\$2.051.20%
1901\$2.071.19%
1902\$2.101.18%
1903\$2.152.33%
1904\$2.171.14%
1905\$2.15-1.12%
1906\$2.202.27%
1907\$2.294.44%
1908\$2.24-2.13%
1909\$2.22-1.09%
1910\$2.324.40%
1911\$2.320.00%
1912\$2.372.11%
1913\$2.412.06%
1914\$2.441.01%
1915\$2.461.00%
1916\$2.667.92%
1917\$3.1217.43%
1918\$3.6817.97%
1919\$4.2214.57%
1920\$4.8815.61%
1921\$4.37-10.50%
1922\$4.10-6.15%
1923\$4.171.79%
1924\$4.170.00%
1925\$4.272.34%
1926\$4.321.14%
1927\$4.24-1.69%
1928\$4.17-1.72%
1929\$4.170.00%
1930\$4.07-2.34%
1931\$3.71-8.98%
1932\$3.34-9.87%
1933\$3.17-5.11%
1934\$3.273.08%
1935\$3.342.24%
1936\$3.391.46%
1937\$3.513.60%
1938\$3.44-2.08%
1939\$3.39-1.42%
1940\$3.410.72%
1941\$3.595.00%
1942\$3.9810.88%
1943\$4.226.13%
1944\$4.291.73%
1945\$4.392.27%
1946\$4.768.33%
1947\$5.4414.36%
1948\$5.888.07%
1949\$5.80-1.24%
1950\$5.881.26%
1951\$6.347.88%
1952\$6.461.92%
1953\$6.510.75%
1954\$6.560.75%
1955\$6.54-0.37%
1956\$6.631.49%
1957\$6.853.31%
1958\$7.052.85%
1959\$7.100.69%
1960\$7.221.72%
1961\$7.291.01%
1962\$7.371.00%
1963\$7.461.32%
1964\$7.561.31%
1965\$7.681.61%
1966\$7.902.86%
1967\$8.153.09%
1968\$8.494.19%
1969\$8.955.46%
1970\$9.465.72%
1971\$9.884.38%
1972\$10.203.21%
1973\$10.836.22%
1974\$12.0211.04%
1975\$13.129.13%
1976\$13.885.76%
1977\$14.786.50%
1978\$15.907.59%
1979\$17.7111.35%
1980\$20.1013.50%
1981\$22.1710.32%
1982\$23.546.16%
1983\$24.293.21%
1984\$25.344.32%
1985\$26.243.56%
1986\$26.731.86%
1987\$27.713.65%
1988\$28.854.14%
1989\$30.244.82%
1990\$31.885.40%
1991\$33.224.21%
1992\$34.223.01%
1993\$35.242.99%
1994\$36.152.56%
1995\$37.172.83%
1996\$38.272.95%
1997\$39.152.29%
1998\$39.761.56%
1999\$40.632.21%
2000\$42.003.36%
2001\$43.202.85%
2002\$43.881.58%
2003\$44.882.28%
2004\$46.072.66%
2005\$47.633.39%
2006\$49.173.23%
2007\$50.572.85%
2008\$52.513.84%
2009\$52.33-0.36%
2010\$53.181.64%
2011\$54.863.16%
2012\$56.002.07%
2013\$56.821.46%
2014\$57.741.62%
2015\$57.810.12%
2016\$58.541.26%
2017\$59.792.13%
2018\$61.282.49%
2019\$62.361.76%
2020\$63.121.23%
2021\$66.094.70%
2022\$71.388.00%
2023\$74.324.12%
2024\$76.633.11%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 207 more rows

This conversion table shows various other 1700 amounts in 1913 dollars, based on the 141.46% change in prices:

Conversion: 1700 dollars in 1913
Initial valueEquivalent value
\$1 dollar in 1700\$2.41 dollars in 1913
\$5 dollars in 1700\$12.07 dollars in 1913
\$10 dollars in 1700\$24.15 dollars in 1913
\$50 dollars in 1700\$120.73 dollars in 1913
\$100 dollars in 1700\$241.46 dollars in 1913
\$500 dollars in 1700\$1,207.32 dollars in 1913
\$1,000 dollars in 1700\$2,414.63 dollars in 1913
\$5,000 dollars in 1700\$12,073.17 dollars in 1913
\$10,000 dollars in 1700\$24,146.34 dollars in 1913
\$50,000 dollars in 1700\$120,731.71 dollars in 1913
\$100,000 dollars in 1700\$241,463.41 dollars in 1913
\$500,000 dollars in 1700\$1,207,317.07 dollars in 1913
\$1,000,000 dollars in 1700\$2,414,634.15 dollars in 1913

## 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 1700 and 1913.

Compare these values to the overall average of 0.41% per year:

CategoryAvg Inflation (%)Total Inflation (%)\$1 in 1700 → 1913
Food and beverages0.000.001.00
Housing0.000.001.00
Apparel0.000.000.00
Transportation0.000.001.00
Medical care0.000.001.00
Recreation0.000.001.00
Education and communication0.000.001.00
Other goods and services0.000.001.00

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 1700. This table and charts use the earliest available data for each category.

## How to calculate inflation rate for \$1, 1700 to 1913

Our calculations use the following inflation rate formula to calculate the change in value between 1700 and 1913:

CPI in 1913 CPI in 1700
×
1700 USD value
=
1913 USD value

Then plug in historical CPI values. The U.S. CPI was 4.1 in the year 1700 and 9.9 in 1913:

9.94.1
×
\$1
=
\$2.41

\$1 in 1700 has the same "purchasing power" or "buying power" as \$2.41 in 1913.

To get the total inflation rate for the 213 years between 1700 and 1913, we use the following formula:

CPI in 1913 - CPI in 1700CPI in 1700
×
100
=
Cumulative inflation rate (213 years)

Plugging in the values to this equation, we get:

9.9 - 4.14.1
×
100
=
141%

## Data source & citation

Raw data for these calculations comes from the Bureau of Labor Statistics' (CPI), established in 1913. Price index data from 1774 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University and from the American Antiquarian Society. Price index data from 1634 to 1773 is from the American Antiquarian Society, using British pound equivalents.

You may use the following MLA citation for this page: “\$1 in 1700 → 1913 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 30 Jul. 2024, https://www.officialdata.org/1700-dollars-in-1913?amount=1.

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

#### About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

 Cumulative price change 141.46% Average inflation rate 0.41% Converted amount\$1 base \$2.41 Price difference\$1 base \$1.41 CPI in 1700 4.100 CPI in 1913 9.900 Inflation in 1700 -2.38% Inflation in 1913 2.06% \$1 in 1700 \$2.41 in 1913