# $30,872 in 1940 is worth$444,556.80 in 2006

$30,872 in 1940 has the same purchasing power as$444,556.80 in 2006. Over the 66 years this is a change of $413,684.80. The average inflation rate of the dollar between 1940 and 2006 was 4.12% per year. The cumulative price increase of the dollar over this time was 1,340.00%. ## The value of$30,872 from 1940 to 2006

So what does this data mean? It means that the prices in 2006 are 4,445.57 higher than the average prices since 1940. A dollar in 2006 can buy 6.94% of what it could buy in 1940.

We can look at the buying power equivalent for $30,872 in 1940 to see how much you would need to adjust for in order to beat inflation. For 1940 to 2006, if you started with$30,872 in 1940, you would need to have $444,556.80 in 1940 to keep up with inflation rates. So if we are saying that$30,872 is equivalent to $444,556.80 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 66 years. ## Value of$30,872 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
1940 $30,872.00 0.72% 1941$32,415.60 5.00%
1942 $35,943.83 10.88% 1943$38,148.97 6.13%
1944 $38,810.51 1.73% 1945$39,692.57 2.27%
1946 $43,000.29 8.33% 1947$49,174.69 14.36%
1948 $53,143.94 8.07% 1949$52,482.40 -1.24%
1950 $53,143.94 1.26% 1951$57,333.71 7.88%
1952 $58,436.29 1.92% 1953$58,877.31 0.75%
1954 $59,318.34 0.75% 1955$59,097.83 -0.37%
1956 $59,979.89 1.49% 1957$61,964.51 3.31%
1958 $63,728.63 2.85% 1959$64,169.66 0.69%
1960 $65,272.23 1.72% 1961$65,933.77 1.01%
1962 $66,595.31 1.00% 1963$67,477.37 1.32%
1964 $68,359.43 1.31% 1965$69,462.00 1.61%
1966 $71,446.63 2.86% 1967$73,651.77 3.09%
1968 $76,738.97 4.19% 1969$80,928.74 5.46%
1970 $85,559.54 5.72% 1971$89,308.29 4.38%
1972 $92,174.97 3.21% 1973$97,908.34 6.22%
1974 $108,713.54 11.04% 1975$118,636.69 9.13%
1976 $125,472.63 5.76% 1977$133,631.66 6.50%
1978 $143,775.31 7.59% 1979$160,093.37 11.35%
1980 $181,703.77 13.50% 1981$200,447.49 10.32%
1982 $212,796.29 6.16% 1983$219,632.23 3.21%
1984 $229,114.34 4.32% 1985$237,273.37 3.56%
1986 $241,683.66 1.86% 1987$250,504.23 3.65%
1988 $260,868.40 4.14% 1989$273,437.71 4.82%
1990 $288,212.17 5.40% 1991$300,340.46 4.21%
1992 $309,381.54 3.01% 1993$318,643.14 2.99%
1994 $326,802.17 2.56% 1995$336,063.77 2.83%
1996 $345,986.91 2.95% 1997$353,925.43 2.29%
1998 $359,438.29 1.56% 1999$367,376.80 2.21%
2000 $379,725.60 3.36% 2001$390,530.80 2.85%
2002 $396,705.20 1.58% 2003$405,746.29 2.28%
2004 $416,551.49 2.66% 2005$430,664.40 3.39%