# \$20,000 in 1935 → \$364,312.41 in 2018

## Inflation Calculator

\$

### U.S. Inflation Rate, 1935-2018 (\$20,000)

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 3.56% per year. Prices in 2018 are 1721.6% higher than prices in 1935.

In other words, \$20,000 in the year 1935 is equivalent in purchasing power to \$364,312.41 in 2018, a difference of \$344,312.41 over 83 years.

Compared to last year's annual rate, the inflation rate in 2018 is now 1.95%1. If this number holds, \$20,000 today would be equivalent to \$20,389.56 next year. The current inflation rate page gives more detail on the latest official inflation rates.

 Cumulative price change 1721.56% Average inflation rate 3.56% Price difference (\$20,000 base) \$344,312.41 CPI in 1935 13.7 CPI in 2018 249.554

#### Inflation rates for specific categories

Parking fees and tolls · Bananas · Televisions · More

#### Inflation-adjusted measures

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

### How to calculate the inflation rate for \$20,000 since 1935

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 1935 * 1935 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 13.7 in the year 1935 and 249.554 in 2018:

249.554 / 13.7 * \$20,000 = \$364,312.41

\$20,000 in 1935 has the same "purchasing power" as \$364,312.41 in 2018.

### News headlines from 1935

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

• Hitler violates the Treaty of Versailles by ordering German rearmament.
• In an event known as "Black Sunday", a severe sandstorm strikes the US Midwest, coining the term "Dust Bowl".
• Communist forces end their Long March bringing Mao Zedong to prominence.
• First trans-pacific airmail flight by a flying boat the "China Clipper" that took off from Alameda, California

### 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: “\$20,000 in 1935 → 2018 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 May. 2018, https://www.officialdata.org/1935-dollars?amount=20000.