# \$3,000 in 1930 → \$45,195.81 in 2018

## Inflation Calculator

\$

### U.S. Inflation Rate, \$3,000 in 1930 to 2018

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 3.13% per year. Prices in 2018 are 1406.5% higher than prices in 1930.

In other words, \$3,000 in 1930 is equivalent in purchasing power to \$45,195.81 in 2018, a difference of \$42,195.81 over 88 years.

The current inflation rate is now 2.80%1. If this number holds, \$3,000 today will be equivalent to \$3,084.03 next year. The current inflation rate page gives more detail on the latest official inflation rates.

 Cumulative price change 1406.53% Average inflation rate 3.13% Converted amount (\$3,000 base) \$45,195.81 Price difference (\$3,000 base) \$42,195.81 CPI in 1930 16.7 CPI in 2018 251.59

#### Inflation rates for specific categories

Medical care · Milk · Juices and nonalcoholic drinks · More

S&P 500 price · S&P 500 earnings · Shiller P/E

### How to calculate the inflation rate for \$3,000 since 1930

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 1930 * 1930 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 16.7 in the year 1930 and 251.59 in 2018:

251.59 / 16.7 * \$3,000 = \$45,195.81

\$3,000 in 1930 has the same "purchasing power" or "buying power" as \$45,195.81 in 2018.

Here are calculations of buying power over time for \$3,000 in 1930 (price index tracking began in 1913). Each of these USD amounts below is equivalent in terms of what it could buy at the time:
Year USD Value Inflation Rate
1930 \$3,000.00 -2.34%
1931 \$2,730.54 -8.98%
1932 \$2,461.08 -9.87%
1933 \$2,335.33 -5.11%
1934 \$2,407.19 3.08%
1935 \$2,461.08 2.24%
1936 \$2,497.01 1.46%
1937 \$2,586.83 3.60%
1938 \$2,532.93 -2.08%
1939 \$2,497.01 -1.42%
1940 \$2,514.97 0.72%
1941 \$2,640.72 5.00%
1942 \$2,928.14 10.88%
1943 \$3,107.78 6.13%
1944 \$3,161.68 1.73%
1945 \$3,233.53 2.27%
1946 \$3,502.99 8.33%
1947 \$4,005.99 14.36%
1948 \$4,329.34 8.07%
1949 \$4,275.45 -1.24%
1950 \$4,329.34 1.26%
1951 \$4,670.66 7.88%
1952 \$4,760.48 1.92%
1953 \$4,796.41 0.75%
1954 \$4,832.34 0.75%
1955 \$4,814.37 -0.37%
1956 \$4,886.23 1.49%
1957 \$5,047.90 3.31%
1958 \$5,191.62 2.85%
1959 \$5,227.54 0.69%
1960 \$5,317.37 1.72%
1961 \$5,371.26 1.01%
1962 \$5,425.15 1.00%
1963 \$5,497.01 1.32%
1964 \$5,568.86 1.31%
1965 \$5,658.68 1.61%
1966 \$5,820.36 2.86%
1967 \$6,000.00 3.09%
1968 \$6,251.50 4.19%
1969 \$6,592.81 5.46%
1970 \$6,970.06 5.72%
1971 \$7,275.45 4.38%
1972 \$7,508.98 3.21%
1973 \$7,976.05 6.22%
1974 \$8,856.29 11.04%
1975 \$9,664.67 9.13%
1976 \$10,221.56 5.76%
1977 \$10,886.23 6.50%
1978 \$11,712.57 7.59%
1979 \$13,041.92 11.35%
1980 \$14,802.40 13.50%
1981 \$16,329.34 10.32%
1982 \$17,335.33 6.16%
1983 \$17,892.22 3.21%
1984 \$18,664.67 4.32%
1985 \$19,329.34 3.56%
1986 \$19,688.62 1.86%
1987 \$20,407.19 3.65%
1988 \$21,251.50 4.14%
1989 \$22,275.45 4.82%
1990 \$23,479.04 5.40%
1991 \$24,467.07 4.21%
1992 \$25,203.59 3.01%
1993 \$25,958.08 2.99%
1994 \$26,622.75 2.56%
1995 \$27,377.25 2.83%
1996 \$28,185.63 2.95%
1997 \$28,832.34 2.29%
1998 \$29,281.44 1.56%
1999 \$29,928.14 2.21%
2000 \$30,934.13 3.36%
2001 \$31,814.37 2.85%
2002 \$32,317.37 1.58%
2003 \$33,053.89 2.28%
2004 \$33,934.13 2.66%
2005 \$35,083.83 3.39%
2006 \$36,215.57 3.23%
2007 \$37,247.07 2.85%
2008 \$38,677.19 3.84%
2009 \$38,539.58 -0.36%
2010 \$39,171.74 1.64%
2011 \$40,408.20 3.16%
2012 \$41,244.43 2.07%
2013 \$41,848.56 1.46%
2014 \$42,527.43 1.62%
2015 \$42,577.90 0.12%
2016 \$43,115.03 1.26%
2017 \$43,973.53 1.99%
2018 \$45,195.81 2.78%*
* Not final. See inflation summary for latest details.

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

• Mohandas Gandhi protests British salt tax by a 200-mile-long walk.
• Clyde Tombaugh discovers Pluto.
• Lawrence Hyland discovers the first radar by accident.
• Roald Amundsen's leads the first expedition to reach the South Pole.
• American explorer Hiram Bingham discovers Machu Picchu.

### Inflation Data Source

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 1930 → 2018 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 Jun. 2018, https://www.officialdata.org/1930-dollars?amount=3000.