# $38,951 in 1913 is worth$59,803.56 in 1931

$38,951 in 1913 has the same purchasing power as$59,803.56 in 1931. Over the 18 years this is a change of $20,852.56. The average inflation rate of the dollar between 1913 and 1931 was 2.71% per year. The cumulative price increase of the dollar over this time was 53.54%. ## The value of$38,951 from 1913 to 1931

So what does this data mean? It means that the prices in 1931 are 598.04 higher than the average prices since 1913. A dollar in 1931 can buy 65.13% of what it could buy in 1913.

We can look at the buying power equivalent for $38,951 in 1913 to see how much you would need to adjust for in order to beat inflation. For 1913 to 1931, if you started with$38,951 in 1913, you would need to have $59,803.56 in 1913 to keep up with inflation rates. So if we are saying that$38,951 is equivalent to $59,803.56 over time, you can see the core concept of inflation in action. The "real value" of a single dollar decreases over time. It will pay for fewer items at the store than it did previously. In the chart below you can see how the value of the dollar is worth less over 18 years. ## Value of$38,951 Over Time

In the table below we can see the value of the US Dollar over time. According to the BLS, each of these amounts are equivalent in terms of what that amount could purchase at the time.

Year Dollar Value Inflation Rate
1913 $38,951.00 2.06% 1914$39,344.44 1.01%
1915 $39,737.89 1.00% 1916$42,885.44 7.92%
1917 $50,360.89 17.43% 1918$59,410.11 17.97%
1919 $68,065.89 14.57% 1920$78,688.89 15.61%
1921 $70,426.56 -10.50% 1922$66,098.67 -6.15%
1923 $67,279.00 1.79% 1924$67,279.00 0.00%
1925 $68,852.78 2.34% 1926$69,639.67 1.14%
1927 $68,459.33 -1.69% 1928$67,279.00 -1.72%
1929 $67,279.00 0.00% 1930$65,705.22 -2.34%