# $31,082 in 1951 is worth$247,869.39 in 2007

$31,082 in 1951 has the same purchasing power as$247,869.39 in 2007. Over the 56 years this is a change of $216,787.39. The average inflation rate of the dollar between 1951 and 2007 was 3.89% per year. The cumulative price increase of the dollar over this time was 697.47%. ## The value of$31,082 from 1951 to 2007

So what does this data mean? It means that the prices in 2007 are 2,478.69 higher than the average prices since 1951. A dollar in 2007 can buy 12.54% of what it could buy in 1951.

We can look at the buying power equivalent for $31,082 in 1951 to see how much you would need to adjust for in order to beat inflation. For 1951 to 2007, if you started with$31,082 in 1951, you would need to have $247,869.39 in 1951 to keep up with inflation rates. So if we are saying that$31,082 is equivalent to $247,869.39 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 56 years. ## Value of$31,082 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
1951 $31,082.00 7.88% 1952$31,679.73 1.92%
1953 $31,918.82 0.75% 1954$32,157.92 0.75%
1955 $32,038.37 -0.37% 1956$32,516.55 1.49%
1957 $33,592.47 3.31% 1958$34,548.84 2.85%
1959 $34,787.93 0.69% 1960$35,385.66 1.72%
1961 $35,744.30 1.01% 1962$36,102.94 1.00%
1963 $36,581.12 1.32% 1964$37,059.31 1.31%
1965 $37,657.04 1.61% 1966$38,732.95 2.86%
1967 $39,928.42 3.09% 1968$41,602.06 4.19%
1969 $43,873.44 5.46% 1970$46,383.91 5.72%
1971 $48,416.19 4.38% 1972$49,970.29 3.21%
1973 $53,078.49 6.22% 1974$58,936.25 11.04%
1975 $64,315.83 9.13% 1976$68,021.76 5.76%
1977 $72,444.97 6.50% 1978$77,944.09 7.59%
1979 $86,790.51 11.35% 1980$98,506.03 13.50%
1981 $108,667.45 10.32% 1982$115,362.04 6.16%
1983 $119,067.97 3.21% 1984$124,208.45 4.32%
1985 $128,631.66 3.56% 1986$131,022.58 1.86%
1987 $135,804.43 3.65% 1988$141,423.10 4.14%
1989 $148,237.23 4.82% 1990$156,246.82 5.40%
1991 $162,821.86 4.21% 1992$167,723.25 3.01%
1993 $172,744.19 2.99% 1994$177,167.40 2.56%
1995 $182,188.34 2.83% 1996$187,567.92 2.95%
1997 $191,871.58 2.29% 1998$194,860.23 1.56%
1999 $199,163.89 2.21% 2000$205,858.48 3.36%
2001 $211,716.24 2.85% 2002$215,063.53 1.58%
2003 $219,964.92 2.28% 2004$225,822.68 2.66%
2005 $233,473.64 3.39% 2006$241,005.05 3.23%