# \$50,000 in 1940 → \$898,535.71 in 2018

## Inflation Calculator

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### U.S. Inflation Rate, \$50,000 in 1940 to 2018

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 3.77% per year. Prices in 2018 are 1697.1% higher than prices in 1940.

In other words, \$50,000 in 1940 is equivalent in purchasing power to \$898,535.71 in 2018, a difference of \$848,535.71 over 78 years.

The current inflation rate is now 2.80%1. If this number holds, \$50,000 today will be equivalent to \$51,400.51 next year. The current inflation rate page gives more detail on the latest official inflation rates.

 Cumulative price change 1697.07% Average inflation rate 3.77% Converted amount (\$50,000 base) \$898,535.71 Price difference (\$50,000 base) \$848,535.71 CPI in 1940 14 CPI in 2018 251.59

#### Inflation rates for specific categories

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### How to calculate the inflation rate for \$50,000 since 1940

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 1940 * 1940 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 14 in the year 1940 and 251.59 in 2018:

251.59 / 14 * \$50,000 = \$898,535.71

\$50,000 in 1940 has the same "purchasing power" or "buying power" as \$898,535.71 in 2018.

Here are calculations of buying power over time for \$50,000 in 1940 (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
1940 \$50,000.00 0.72%
1941 \$52,500.00 5.00%
1942 \$58,214.29 10.88%
1943 \$61,785.71 6.13%
1944 \$62,857.14 1.73%
1945 \$64,285.71 2.27%
1946 \$69,642.86 8.33%
1947 \$79,642.86 14.36%
1948 \$86,071.43 8.07%
1949 \$85,000.00 -1.24%
1950 \$86,071.43 1.26%
1951 \$92,857.14 7.88%
1952 \$94,642.86 1.92%
1953 \$95,357.14 0.75%
1954 \$96,071.43 0.75%
1955 \$95,714.29 -0.37%
1956 \$97,142.86 1.49%
1957 \$100,357.14 3.31%
1958 \$103,214.29 2.85%
1959 \$103,928.57 0.69%
1960 \$105,714.29 1.72%
1961 \$106,785.71 1.01%
1962 \$107,857.14 1.00%
1963 \$109,285.71 1.32%
1964 \$110,714.29 1.31%
1965 \$112,500.00 1.61%
1966 \$115,714.29 2.86%
1967 \$119,285.71 3.09%
1968 \$124,285.71 4.19%
1969 \$131,071.43 5.46%
1970 \$138,571.43 5.72%
1971 \$144,642.86 4.38%
1972 \$149,285.71 3.21%
1973 \$158,571.43 6.22%
1974 \$176,071.43 11.04%
1975 \$192,142.86 9.13%
1976 \$203,214.29 5.76%
1977 \$216,428.57 6.50%
1978 \$232,857.14 7.59%
1979 \$259,285.71 11.35%
1980 \$294,285.71 13.50%
1981 \$324,642.86 10.32%
1982 \$344,642.86 6.16%
1983 \$355,714.29 3.21%
1984 \$371,071.43 4.32%
1985 \$384,285.71 3.56%
1986 \$391,428.57 1.86%
1987 \$405,714.29 3.65%
1988 \$422,500.00 4.14%
1989 \$442,857.14 4.82%
1990 \$466,785.71 5.40%
1991 \$486,428.57 4.21%
1992 \$501,071.43 3.01%
1993 \$516,071.43 2.99%
1994 \$529,285.71 2.56%
1995 \$544,285.71 2.83%
1996 \$560,357.14 2.95%
1997 \$573,214.29 2.29%
1998 \$582,142.86 1.56%
1999 \$595,000.00 2.21%
2000 \$615,000.00 3.36%
2001 \$632,500.00 2.85%
2002 \$642,500.00 1.58%
2003 \$657,142.86 2.28%
2004 \$674,642.86 2.66%
2005 \$697,500.00 3.39%
2006 \$720,000.00 3.23%
2007 \$740,507.14 2.85%
2008 \$768,939.29 3.84%
2009 \$766,203.57 -0.36%
2010 \$778,771.43 1.64%
2011 \$803,353.57 3.16%
2012 \$819,978.57 2.07%
2013 \$831,989.29 1.46%
2014 \$845,485.71 1.62%
2015 \$846,489.29 0.12%
2016 \$857,167.86 1.26%
2017 \$874,235.71 1.99%
2018 \$898,535.71 2.78%*
* Not final. See inflation summary for latest details.

### 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: “\$50,000 in 1940 → 2018 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 Jun. 2018, https://www.officialdata.org/1940-dollars?amount=50000.