# $11,034 in 1941 is worth$74,760.98 in 1983

$11,034 in 1941 has the same purchasing power as$74,760.98 in 1983. Over the 42 years this is a change of $63,726.98. The average inflation rate of the dollar between 1941 and 1983 was 4.74% per year. The cumulative price increase of the dollar over this time was 577.55%. ## The value of$11,034 from 1941 to 1983

So what does this data mean? It means that the prices in 1983 are 747.61 higher than the average prices since 1941. A dollar in 1983 can buy 14.76% of what it could buy in 1941.

We can look at the buying power equivalent for $11,034 in 1941 to see how much you would need to adjust for in order to beat inflation. For 1941 to 1983, if you started with$11,034 in 1941, you would need to have $74,760.98 in 1941 to keep up with inflation rates. So if we are saying that$11,034 is equivalent to $74,760.98 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 42 years. ## Value of$11,034 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
1941 $11,034.00 5.00% 1942$12,234.98 10.88%
1943 $12,985.59 6.13% 1944$13,210.78 1.73%
1945 $13,511.02 2.27% 1946$14,636.94 8.33%
1947 $16,738.65 14.36% 1948$18,089.76 8.07%
1949 $17,864.57 -1.24% 1950$18,089.76 1.26%
1951 $19,515.92 7.88% 1952$19,891.22 1.92%
1953 $20,041.35 0.75% 1954$20,191.47 0.75%
1955 $20,116.41 -0.37% 1956$20,416.65 1.49%
1957 $21,092.20 3.31% 1958$21,692.69 2.85%
1959 $21,842.82 0.69% 1960$22,218.12 1.72%
1961 $22,443.31 1.01% 1962$22,668.49 1.00%
1963 $22,968.73 1.32% 1964$23,268.98 1.31%
1965 $23,644.29 1.61% 1966$24,319.84 2.86%
1967 $25,070.45 3.09% 1968$26,121.31 4.19%
1969 $27,547.47 5.46% 1970$29,123.76 5.72%
1971 $30,399.80 4.38% 1972$31,375.59 3.21%
1973 $33,327.18 6.22% 1974$37,005.18 11.04%
1975 $40,382.94 9.13% 1976$42,709.84 5.76%
1977 $45,487.10 6.50% 1978$48,939.92 7.59%
1979 $54,494.45 11.35% 1980$61,850.45 13.50%
1981 $68,230.65 10.32% 1982$72,434.08 6.16%