$500 in 1765 is worth $19,207.57 today

Value of $500 from 1765 to 2021

$500 in 1765 is equivalent in purchasing power to about $19,207.57 today, an increase of $18,707.57 over 256 years. The dollar had an average inflation rate of 1.44% per year between 1765 and today, producing a cumulative price increase of 3,741.51%.

This means that today's prices are 38.42 times higher than average prices since 1765, according to the Bureau of Labor Statistics consumer price index. A dollar today only buys 2.60% of what it could buy back then.

The inflation rate in 1765 was 2.86%. The current year-over-year inflation rate (2020 to 2021) is now 6.22%. If this number holds, $500 today will be equivalent in buying power to $531.11 next year. The current inflation rate page gives more detail on the latest inflation rates.


Inflation from 1765 to 2021
Cumulative price change 3,741.51%
Average inflation rate 1.44%
Converted amount ($500 base) $19,207.57
Price difference ($500 base) $18,707.57
CPI in 1765 7.200
CPI in 2021 276.589
Inflation in 1765 2.86%
Inflation in 2021 6.22%
$500 in 1765 $19,207.57 in 2021

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

Buying power of $500 in 1765

This chart shows a calculation of buying power equivalence for $500 in 1765 (price index tracking began in 1635).

For example, if you started with $500, you would need to end with $19,207.57 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $500 is equivalent to $19,207.57 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 1765 dollars, the chart below shows how $500 is worth less over 256 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: 1765-2021
Year Dollar Value Inflation Rate
1765 $500.00 2.86%
1766 $534.72 6.94%
1767 $527.78 -1.30%
1768 $500.00 -5.26%
1769 $527.78 5.56%
1770 $569.44 7.89%
1771 $541.67 -4.88%
1772 $631.94 16.67%
1773 $597.22 -5.49%
1774 $562.50 -5.81%
1775 $534.72 -4.94%
1776 $604.17 12.99%
1777 $736.11 21.84%
1778 $958.33 30.19%
1779 $847.22 -11.59%
1780 $951.39 12.30%
1781 $770.83 -18.98%
1782 $840.28 9.01%
1783 $736.11 -12.40%
1784 $708.33 -3.77%
1785 $673.61 -4.90%
1786 $659.72 -2.06%
1787 $645.83 -2.11%
1788 $618.06 -4.30%
1789 $611.11 -1.12%
1790 $638.89 4.55%
1791 $652.78 2.17%
1792 $666.67 2.13%
1793 $687.50 3.13%
1794 $763.89 11.11%
1795 $875.00 14.55%
1796 $916.67 4.76%
1797 $881.94 -3.79%
1798 $854.17 -3.15%
1799 $854.17 0.00%
1800 $875.00 2.44%
1801 $881.94 0.79%
1802 $743.06 -15.75%
1803 $784.72 5.61%
1804 $819.44 4.42%
1805 $812.50 -0.85%
1806 $847.22 4.27%
1807 $805.56 -4.92%
1808 $875.00 8.62%
1809 $854.17 -2.38%
1810 $854.17 0.00%
1811 $909.72 6.50%
1812 $923.61 1.53%
1813 $1,111.11 20.30%
1814 $1,222.22 10.00%
1815 $1,069.44 -12.50%
1816 $979.17 -8.44%
1817 $923.61 -5.67%
1818 $881.94 -4.51%
1819 $881.94 0.00%
1820 $812.50 -7.87%
1821 $784.72 -3.42%
1822 $812.50 3.54%
1823 $729.17 -10.26%
1824 $673.61 -7.62%
1825 $687.50 2.06%
1826 $687.50 0.00%
1827 $694.44 1.01%
1828 $659.72 -5.00%
1829 $645.83 -2.11%
1830 $638.89 -1.08%
1831 $604.17 -5.43%
1832 $597.22 -1.15%
1833 $583.33 -2.33%
1834 $597.22 2.38%
1835 $611.11 2.33%
1836 $645.83 5.68%
1837 $666.67 3.23%
1838 $645.83 -3.12%
1839 $645.83 0.00%
1840 $604.17 -6.45%
1841 $604.17 0.00%
1842 $569.44 -5.75%
1843 $513.89 -9.76%
1844 $520.83 1.35%
1845 $527.78 1.33%
1846 $534.72 1.32%
1847 $569.44 6.49%
1848 $548.61 -3.66%
1849 $534.72 -2.53%
1850 $541.67 1.30%
1851 $534.72 -1.28%
1852 $534.72 0.00%
1853 $534.72 0.00%
1854 $583.33 9.09%
1855 $604.17 3.57%
1856 $590.28 -2.30%
1857 $604.17 2.35%
1858 $569.44 -5.75%
1859 $576.39 1.22%
1860 $576.39 0.00%
1861 $611.11 6.02%
1862 $701.39 14.77%
1863 $875.00 24.75%
1864 $1,090.28 24.60%
1865 $1,131.94 3.82%
1866 $1,104.17 -2.45%
1867 $1,027.78 -6.92%
1868 $986.11 -4.05%
1869 $944.44 -4.23%
1870 $909.72 -3.68%
1871 $847.22 -6.87%
1872 $847.22 0.00%
1873 $833.33 -1.64%
1874 $791.67 -5.00%
1875 $763.89 -3.51%
1876 $743.06 -2.73%
1877 $729.17 -1.87%
1878 $694.44 -4.76%
1879 $694.44 0.00%
1880 $708.33 2.00%
1881 $708.33 0.00%
1882 $708.33 0.00%
1883 $701.39 -0.98%
1884 $680.56 -2.97%
1885 $673.61 -1.02%
1886 $652.78 -3.09%
1887 $659.72 1.06%
1888 $659.72 0.00%
1889 $638.89 -3.16%
1890 $631.94 -1.09%
1891 $631.94 0.00%
1892 $631.94 0.00%
1893 $625.00 -1.10%
1894 $597.22 -4.44%
1895 $583.33 -2.33%
1896 $583.33 0.00%
1897 $576.39 -1.19%
1898 $576.39 0.00%
1899 $576.39 0.00%
1900 $583.33 1.20%
1901 $590.28 1.19%
1902 $597.22 1.18%
1903 $611.11 2.33%
1904 $618.06 1.14%
1905 $611.11 -1.12%
1906 $625.00 2.27%
1907 $652.78 4.44%
1908 $638.89 -2.13%
1909 $631.94 -1.09%
1910 $659.72 4.40%
1911 $659.72 0.00%
1912 $673.61 2.11%
1913 $687.50 2.06%
1914 $694.44 1.01%
1915 $701.39 1.00%
1916 $756.94 7.92%
1917 $888.89 17.43%
1918 $1,048.61 17.97%
1919 $1,201.39 14.57%
1920 $1,388.89 15.61%
1921 $1,243.06 -10.50%
1922 $1,166.67 -6.15%
1923 $1,187.50 1.79%
1924 $1,187.50 0.00%
1925 $1,215.28 2.34%
1926 $1,229.17 1.14%
1927 $1,208.33 -1.69%
1928 $1,187.50 -1.72%
1929 $1,187.50 0.00%
1930 $1,159.72 -2.34%
1931 $1,055.56 -8.98%
1932 $951.39 -9.87%
1933 $902.78 -5.11%
1934 $930.56 3.08%
1935 $951.39 2.24%
1936 $965.28 1.46%
1937 $1,000.00 3.60%
1938 $979.17 -2.08%
1939 $965.28 -1.42%
1940 $972.22 0.72%
1941 $1,020.83 5.00%
1942 $1,131.94 10.88%
1943 $1,201.39 6.13%
1944 $1,222.22 1.73%
1945 $1,250.00 2.27%
1946 $1,354.17 8.33%
1947 $1,548.61 14.36%
1948 $1,673.61 8.07%
1949 $1,652.78 -1.24%
1950 $1,673.61 1.26%
1951 $1,805.56 7.88%
1952 $1,840.28 1.92%
1953 $1,854.17 0.75%
1954 $1,868.06 0.75%
1955 $1,861.11 -0.37%
1956 $1,888.89 1.49%
1957 $1,951.39 3.31%
1958 $2,006.94 2.85%
1959 $2,020.83 0.69%
1960 $2,055.56 1.72%
1961 $2,076.39 1.01%
1962 $2,097.22 1.00%
1963 $2,125.00 1.32%
1964 $2,152.78 1.31%
1965 $2,187.50 1.61%
1966 $2,250.00 2.86%
1967 $2,319.44 3.09%
1968 $2,416.67 4.19%
1969 $2,548.61 5.46%
1970 $2,694.44 5.72%
1971 $2,812.50 4.38%
1972 $2,902.78 3.21%
1973 $3,083.33 6.22%
1974 $3,423.61 11.04%
1975 $3,736.11 9.13%
1976 $3,951.39 5.76%
1977 $4,208.33 6.50%
1978 $4,527.78 7.59%
1979 $5,041.67 11.35%
1980 $5,722.22 13.50%
1981 $6,312.50 10.32%
1982 $6,701.39 6.16%
1983 $6,916.67 3.21%
1984 $7,215.28 4.32%
1985 $7,472.22 3.56%
1986 $7,611.11 1.86%
1987 $7,888.89 3.65%
1988 $8,215.28 4.14%
1989 $8,611.11 4.82%
1990 $9,076.39 5.40%
1991 $9,458.33 4.21%
1992 $9,743.06 3.01%
1993 $10,034.72 2.99%
1994 $10,291.67 2.56%
1995 $10,583.33 2.83%
1996 $10,895.83 2.95%
1997 $11,145.83 2.29%
1998 $11,319.44 1.56%
1999 $11,569.44 2.21%
2000 $11,958.33 3.36%
2001 $12,298.61 2.85%
2002 $12,493.06 1.58%
2003 $12,777.78 2.28%
2004 $13,118.06 2.66%
2005 $13,562.50 3.39%
2006 $14,000.00 3.23%
2007 $14,398.75 2.85%
2008 $14,951.60 3.84%
2009 $14,898.40 -0.36%
2010 $15,142.78 1.64%
2011 $15,620.76 3.16%
2012 $15,944.03 2.07%
2013 $16,177.57 1.46%
2014 $16,440.00 1.62%
2015 $16,459.51 0.12%
2016 $16,667.15 1.26%
2017 $17,022.22 2.13%
2018 $17,446.53 2.49%
2019 $17,753.99 1.76%
2020 $17,973.03 1.23%
2021 $19,207.57 6.87%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 250 more rows

This conversion table shows various other 1765 amounts in today's dollars, based on the 3,741.51% change in prices:

Conversion: 1765 dollars today
Initial value Equivalent value
$1 dollar in 1765 $38.42 dollars today
$5 dollars in 1765 $192.08 dollars today
$10 dollars in 1765 $384.15 dollars today
$50 dollars in 1765 $1,920.76 dollars today
$100 dollars in 1765 $3,841.51 dollars today
$500 dollars in 1765 $19,207.57 dollars today
$1,000 dollars in 1765 $38,415.14 dollars today
$5,000 dollars in 1765 $192,075.69 dollars today
$10,000 dollars in 1765 $384,151.39 dollars today
$50,000 dollars in 1765 $1,920,756.94 dollars today
$100,000 dollars in 1765 $3,841,513.89 dollars today
$500,000 dollars in 1765 $19,207,569.44 dollars today
$1,000,000 dollars in 1765 $38,415,138.89 dollars today

Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £500.00 in 1765 would be equivalent to £92,780.96 in 2021, an absolute change of £92,280.96 and a cumulative change of 18,456.19%.

Compare these numbers to the US's overall absolute change of $18,707.57 and total percent change of 3,741.51%.


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 1765 and 2021.

Compare these values to the overall average of 1.44% per year:

Category Avg Inflation (%) Total Inflation (%) $500 in 1765 → 2021
Food and beverages 3.89 1,764,507.20 8,823,036.02
Housing 4.17 3,481,079.69 17,405,898.46
Apparel 1.96 14,181.59 71,407.95
Transportation 3.28 385,864.79 1,929,823.94
Medical care 4.69 12,402,063.15 62,010,815.75
Recreation 1.12 1,616.33 8,581.65
Education and communication 1.82 10,064.77 50,823.87
Other goods and services 4.95 23,247,449.05 116,237,745.23

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 1765. This table and charts use the earliest available data for each category.



How to Calculate Inflation Rate for $500 since 1765

Our calculations use the following inflation rate formula to calculate the change in value between 1765 and today:

CPI today CPI in 1765
×
1765 USD value
=
Today's value

Then plug in historical CPI values. The U.S. CPI was 7.2 in the year 1765 and 276.589 in 2021:

276.5897.2
×
$500
=
$19,207.57

$500 in 1765 has the same "purchasing power" or "buying power" as $19,207.57 in 2021.

To get the total inflation rate for the 256 years between 1765 and 2021, we use the following formula:

CPI in 2021 - CPI in 1765CPI in 1765
×
100
=
Cumulative inflation rate (256 years)

Plugging in the values to this equation, we get:

276.589 - 7.27.2
×
100
=
3,742%

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: “$500 in 1765 → 2021 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 6 Dec. 2021, https://www.officialdata.org/us/inflation/1765?amount=500&endYear=2021.

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


Ian Webster

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.

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» Read more about inflation and investment.

Inflation from 1765 to 2021
Cumulative price change 3,741.51%
Average inflation rate 1.44%
Converted amount ($500 base) $19,207.57
Price difference ($500 base) $18,707.57
CPI in 1765 7.200
CPI in 2021 276.589
Inflation in 1765 2.86%
Inflation in 2021 6.22%
$500 in 1765 $19,207.57 in 2021