# $30,831 in 1932 is worth$425,107.73 in 2004

$30,831 in 1932 has the same purchasing power as$425,107.73 in 2004. Over the 72 years this is a change of $394,276.73. The average inflation rate of the dollar between 1932 and 2004 was 3.58% per year. The cumulative price increase of the dollar over this time was 1,278.83%. ## The value of$30,831 from 1932 to 2004

So what does this data mean? It means that the prices in 2004 are 4,251.08 higher than the average prices since 1932. A dollar in 2004 can buy 7.25% of what it could buy in 1932.

We can look at the buying power equivalent for $30,831 in 1932 to see how much you would need to adjust for in order to beat inflation. For 1932 to 2004, if you started with$30,831 in 1932, you would need to have $425,107.73 in 1932 to keep up with inflation rates. So if we are saying that$30,831 is equivalent to $425,107.73 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 72 years. ## Value of$30,831 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
1932 $30,831.00 -9.87% 1933$29,255.69 -5.11%
1934 $30,155.87 3.08% 1935$30,831.00 2.24%
1936 $31,281.09 1.46% 1937$32,406.31 3.60%
1938 $31,731.18 -2.08% 1939$31,281.09 -1.42%
1940 $31,506.13 0.72% 1941$33,081.44 5.00%
1942 $36,682.14 10.88% 1943$38,932.58 6.13%
1944 $39,607.71 1.73% 1945$40,507.88 2.27%
1946 $43,883.54 8.33% 1947$50,184.77 14.36%
1948 $54,235.55 8.07% 1949$53,560.42 -1.24%
1950 $54,235.55 1.26% 1951$58,511.39 7.88%
1952 $59,636.61 1.92% 1953$60,086.69 0.75%
1954 $60,536.78 0.75% 1955$60,311.74 -0.37%
1956 $61,211.91 1.49% 1957$63,237.31 3.31%
1958 $65,037.66 2.85% 1959$65,487.74 0.69%
1960 $66,612.96 1.72% 1961$67,288.09 1.01%
1962 $67,963.23 1.00% 1963$68,863.40 1.32%
1964 $69,763.58 1.31% 1965$70,888.80 1.61%
1966 $72,914.19 2.86% 1967$75,164.63 3.09%
1968 $78,315.24 4.19% 1969$82,591.07 5.46%
1970 $87,316.99 5.72% 1971$91,142.74 4.38%
1972 $94,068.31 3.21% 1973$99,919.45 6.22%
1974 $110,946.59 11.04% 1975$121,073.56 9.13%
1976 $128,049.92 5.76% 1977$136,376.54 6.50%
1978 $146,728.55 7.59% 1979$163,381.80 11.35%
1980 $185,436.09 13.50% 1981$204,564.81 10.32%
1982 $217,167.26 6.16% 1983$224,143.62 3.21%
1984 $233,820.50 4.32% 1985$242,147.12 3.56%
1986 $246,648.00 1.86% 1987$255,649.75 3.65%
1988 $266,226.81 4.14% 1989$279,054.31 4.82%
1990 $294,132.24 5.40% 1991$306,509.65 4.21%
1992 $315,736.45 3.01% 1993$325,188.28 2.99%
1994 $333,514.91 2.56% 1995$342,966.74 2.83%
1996 $353,093.72 2.95% 1997$361,195.29 2.29%
1998 $366,821.39 1.56% 1999$374,922.96 2.21%
2000 $387,525.42 3.36% 2001$398,552.56 2.85%
2002 $404,853.79 1.58% 2003$414,080.58 2.28%