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Inflation / $1,000 in 1934

$1,000 in 1934 Is Worth $24,090 Today

2309.0% total price increase since 1934

Between 1934 and 2025, US consumer prices rose by 2309.0%. That means $1,000 then had roughly the same buying power as $24,090 now — an average of 3.56% inflation per year over 91 years.

Equivalent today
$24,090
$1,000 in 1934
Average inflation
3.56%
per year, 1934–2025
Buying power multiplier
24.09×
CPI 322.8 ÷ 13.4

Value of $1,000 from 1934 to 2025

What $1,000 in 1934 was worth at each following decade, adjusted for consumer price inflation.

1940
$1,045
1950
$1,799
1960
$2,209
1970
$2,896
1980
$6,149
1990
$9,754
2000
$12,851
2010
$16,273
2020
$19,314
2025
$24,090

How this figure is calculated

Inflation adjustment uses the ratio of the Consumer Price Index between the two years — the same method the U.S. Bureau of Labor Statistics documents for comparing dollar amounts over time.

Adjusted = Amount × (CPI2025 ÷ CPI1934)
Adjusted = $1,000 × (322.8 ÷ 13.4) = $24,090

The index used is CPI-U (all urban consumers, US city average, all items), base period 1982-1984 = 100. Inflation in 1934 itself ran at 3.1%. The 2025 figure is the latest annual average available and may be revised by BLS.

Note: other inflation calculators may show slightly different results because some use a specific month rather than the annual average, or a different end year. This page uses annual averages throughout, and states both index values above so the arithmetic can be checked.

Data sources
  • U.S. Bureau of Labor Statistics — Consumer Price Index (CPI-U, U.S. city average, all items, annual average)
  • Federal Reserve Economic Data (FRED) — CPIAUCSL
  • Federal Reserve Bank of Minneapolis — Consumer Price Index, 1800–

Frequently asked questions

How much is $1,000 in 1934 worth today?

$1,000 in 1934 is equivalent in purchasing power to about $24,090 in 2025. That is an increase of $23,090 over 91 years, or a total price rise of 2309.0%.

What was the average inflation rate between 1934 and 2025?

Prices rose at an average of 3.56% per year between 1934 and 2025. Compounded over 91 years, that turns $1,000 into $24,090.

How is this calculated?

The amount is multiplied by the ratio of the Consumer Price Index in 2025 to the index in 1934: 322.8 divided by 13.4 equals 24.0896. Multiplying $1,000 by 24.0896 gives $24,090. The index is the CPI-U published by the U.S. Bureau of Labor Statistics, base period 1982-1984 = 100.

What would $1,000 today have been worth in 1934?

Running the comparison in reverse, $1,000 in 2025 has roughly the same buying power as $41.51 in 1934.

Try other amounts and years

Use the full inflation tool to compare any amount between any two years, or project what today's money will be worth in the future.

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