# \$1 in 1930 is worth \$1.44 in 1950

\$

## Value of \$1 from 1930 to 1950

\$1 in 1930 is equivalent in purchasing power to about \$1.44 in 1950, an increase of \$0.44 over 20 years. The dollar had an average inflation rate of 1.85% per year between 1930 and 1950, producing a cumulative price increase of 44.31%.

This means that prices in 1950 are 1.44 times higher than average prices since 1930, according to the Bureau of Labor Statistics consumer price index.

The 1930 inflation rate was -2.34%. The inflation rate in 1950 was 1.26%. The 1950 inflation rate is lower compared to the average inflation rate of 3.48% per year between 1950 and 2021.

 Cumulative price change 44.31% Average inflation rate 1.85% Converted amount (\$1 base) \$1.44 Price difference (\$1 base) \$0.44 CPI in 1930 16.700 CPI in 1950 24.100 Inflation in 1930 -2.34% Inflation in 1950 1.26% \$1 in 1930 \$1.44 in 1950

USD Inflation since 1913
Annual Rate, the Bureau of Labor Statistics CPI

## Buying power of \$1 in 1930

This chart shows a calculation of buying power equivalence for \$1 in 1930 (price index tracking began in 1635).

For example, if you started with \$1, you would need to end with \$1.44 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$1 is equivalent to \$1.44 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 1930 dollars, the chart below shows how \$1 is worth less over 20 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: 1930-1950
Year Dollar Value Inflation Rate
1930 \$1.00 -2.34%
1931 \$0.91 -8.98%
1932 \$0.82 -9.87%
1933 \$0.78 -5.11%
1934 \$0.80 3.08%
1935 \$0.82 2.24%
1936 \$0.83 1.46%
1937 \$0.86 3.60%
1938 \$0.84 -2.08%
1939 \$0.83 -1.42%
1940 \$0.84 0.72%
1941 \$0.88 5.00%
1942 \$0.98 10.88%
1943 \$1.04 6.13%
1944 \$1.05 1.73%
1945 \$1.08 2.27%
1946 \$1.17 8.33%
1947 \$1.34 14.36%
1948 \$1.44 8.07%
1949 \$1.43 -1.24%
1950 \$1.44 1.26%
1951 \$1.56 7.88%
1952 \$1.59 1.92%
1953 \$1.60 0.75%
1954 \$1.61 0.75%
1955 \$1.60 -0.37%
1956 \$1.63 1.49%
1957 \$1.68 3.31%
1958 \$1.73 2.85%
1959 \$1.74 0.69%
1960 \$1.77 1.72%
1961 \$1.79 1.01%
1962 \$1.81 1.00%
1963 \$1.83 1.32%
1964 \$1.86 1.31%
1965 \$1.89 1.61%
1966 \$1.94 2.86%
1967 \$2.00 3.09%
1968 \$2.08 4.19%
1969 \$2.20 5.46%
1970 \$2.32 5.72%
1971 \$2.43 4.38%
1972 \$2.50 3.21%
1973 \$2.66 6.22%
1974 \$2.95 11.04%
1975 \$3.22 9.13%
1976 \$3.41 5.76%
1977 \$3.63 6.50%
1978 \$3.90 7.59%
1979 \$4.35 11.35%
1980 \$4.93 13.50%
1981 \$5.44 10.32%
1982 \$5.78 6.16%
1983 \$5.96 3.21%
1984 \$6.22 4.32%
1985 \$6.44 3.56%
1986 \$6.56 1.86%
1987 \$6.80 3.65%
1988 \$7.08 4.14%
1989 \$7.43 4.82%
1990 \$7.83 5.40%
1991 \$8.16 4.21%
1992 \$8.40 3.01%
1993 \$8.65 2.99%
1994 \$8.87 2.56%
1995 \$9.13 2.83%
1996 \$9.40 2.95%
1997 \$9.61 2.29%
1998 \$9.76 1.56%
1999 \$9.98 2.21%
2000 \$10.31 3.36%
2001 \$10.60 2.85%
2002 \$10.77 1.58%
2003 \$11.02 2.28%
2004 \$11.31 2.66%
2005 \$11.69 3.39%
2006 \$12.07 3.23%
2007 \$12.42 2.85%
2008 \$12.89 3.84%
2009 \$12.85 -0.36%
2010 \$13.06 1.64%
2011 \$13.47 3.16%
2012 \$13.75 2.07%
2013 \$13.95 1.46%
2014 \$14.18 1.62%
2015 \$14.19 0.12%
2016 \$14.37 1.26%
2017 \$14.68 2.13%
2018 \$15.04 2.49%
2019 \$15.31 1.76%
2020 \$15.50 1.23%
2021 \$16.38 5.70%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 14 more rows

This conversion table shows various other 1930 amounts in 1950 dollars, based on the 44.31% change in prices:

Conversion: 1930 dollars in 1950
Initial value Equivalent value
\$1 dollar in 1930 \$1.44 dollars in 1950
\$5 dollars in 1930 \$7.22 dollars in 1950
\$10 dollars in 1930 \$14.43 dollars in 1950
\$50 dollars in 1930 \$72.16 dollars in 1950
\$100 dollars in 1930 \$144.31 dollars in 1950
\$500 dollars in 1930 \$721.56 dollars in 1950
\$1,000 dollars in 1930 \$1,443.11 dollars in 1950
\$5,000 dollars in 1930 \$7,215.57 dollars in 1950
\$10,000 dollars in 1930 \$14,431.14 dollars in 1950
\$50,000 dollars in 1930 \$72,155.69 dollars in 1950
\$100,000 dollars in 1930 \$144,311.38 dollars in 1950
\$500,000 dollars in 1930 \$721,556.89 dollars in 1950
\$1,000,000 dollars in 1930 \$1,443,113.77 dollars in 1950

## Inflation by City

Inflation can vary widely by city, even within the United States. Here's how some cities fared in 1930 to 1950 (figures shown are purchasing power equivalents of \$1):

Houston, Texas experienced the highest rate of inflation during the 20 years between 1930 and 1950 (2.07%).

Boston, Massachusetts experienced the lowest rate of inflation during the 20 years between 1930 and 1950 (1.56%).

Note that some locations showing 0% inflation may have not yet reported latest data.

## Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1930 would be equivalent to £1.91 in 1950, an absolute change of £0.91 and a cumulative change of 90.75%.

In Canada, CA\$1.00 in 1930 would be equivalent to CA\$1.47 in 1950, an absolute change of CA\$0.47 and a cumulative change of 46.59%.

Compare these numbers to the US's overall absolute change of \$0.44 and total percent change of 44.31%.

## 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 1930 and 1950.

Compare these values to the overall average of 1.85% per year:

Category Avg Inflation (%) Total Inflation (%) \$1 in 1930 → 1950
Food and beverages 0.00 0.00 1.00
Housing 0.00 0.00 1.00
Apparel 2.61 67.39 1.67
Transportation 3.17 86.75 1.87
Medical care 2.66 68.95 1.69
Recreation 0.00 0.00 1.00
Education and communication 0.00 0.00 1.00
Other goods and services 0.00 0.00 1.00

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 1930. This table and charts use the earliest available data for each category.

## How to Calculate Inflation Rate for \$1, 1930 to 1950

Our calculations use the following inflation rate formula to calculate the change in value between 1930 and 1950:

CPI in 1950 CPI in 1930
×
1930 USD value
=
1950 USD value

Then plug in historical CPI values. The U.S. CPI was 16.7 in the year 1930 and 24.1 in 1950:

24.116.7
×
\$1
=
\$1.44

\$1 in 1930 has the same "purchasing power" or "buying power" as \$1.44 in 1950.

To get the total inflation rate for the 20 years between 1930 and 1950, we use the following formula:

CPI in 1950 - CPI in 1930CPI in 1930
×
100
=
Cumulative inflation rate (20 years)

Plugging in the values to this equation, we get:

24.1 - 16.716.7
×
100
=
44%

## Comparison to S&P 500 Index

The average inflation rate of 1.85% has a compounding effect between 1930 and 1950. As noted above, this yearly inflation rate compounds to produce an overall price difference of 44.31% over 20 years.

To help put this inflation into perspective, if we had invested \$1 in the S&P 500 index in 1930, our investment would be nominally worth approximately \$3.20 in 1950. This is a return on investment of 220.09%, with an absolute return of \$2.20 on top of the original \$1.

These numbers are not inflation adjusted, so they are considered nominal. In order to evaluate the real return on our investment, we must calculate the return with inflation taken into account.

The compounding effect of inflation would account for 30.71% of returns (\$0.98) during this period. This means the inflation-adjusted real return of our \$1 investment is \$1.22. You may also want to account for capital gains tax, which would take your real return down to around \$1 for most people.

Investment in S&P 500 Index, 1930-1950
Original Amount Final Amount Change
Nominal \$1 \$3.20 220.09%
Real
\$1 \$2.22 121.81%

Information displayed above may differ slightly from other S&P 500 calculators. Minor discrepancies can occur because we use the latest CPI data for inflation, annualized inflation numbers for previous years, and we compute S&P price and dividends from January of 1930 to latest available data for 1950 using average monthly close price.

For more details on the S&P 500 between 1930 and 1950, see the stock market returns calculator.

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.

## 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: “\$1 in 1930 → 1950 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 16 Sep. 2021, https://www.officialdata.org/us/inflation/1930?amount=1&endYear=1950.

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