# $8,837 in 1951 is worth$79,178.50 in 2013

$8,837 in 1951 has the same purchasing power as$79,178.50 in 2013. Over the 62 years this is a change of $70,341.50. The average inflation rate of the dollar between 1951 and 2013 was 3.70% per year. The cumulative price increase of the dollar over this time was 795.99%. ## The value of$8,837 from 1951 to 2013

So what does this data mean? It means that the prices in 2013 are 791.79 higher than the average prices since 1951. A dollar in 2013 can buy 11.16% of what it could buy in 1951.

We can look at the buying power equivalent for $8,837 in 1951 to see how much you would need to adjust for in order to beat inflation. For 1951 to 2013, if you started with$8,837 in 1951, you would need to have $79,178.50 in 1951 to keep up with inflation rates. So if we are saying that$8,837 is equivalent to $79,178.50 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 62 years. ## Value of$8,837 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 $8,837.00 7.88% 1952$9,006.94 1.92%
1953 $9,074.92 0.75% 1954$9,142.90 0.75%
1955 $9,108.91 -0.37% 1956$9,244.86 1.49%
1957 $9,550.76 3.31% 1958$9,822.67 2.85%
1959 $9,890.64 0.69% 1960$10,060.58 1.72%
1961 $10,162.55 1.01% 1962$10,264.52 1.00%
1963 $10,400.47 1.32% 1964$10,536.42 1.31%
1965 $10,706.37 1.61% 1966$11,012.26 2.86%
1967 $11,352.15 3.09% 1968$11,827.98 4.19%
1969 $12,473.77 5.46% 1970$13,187.52 5.72%
1971 $13,765.33 4.38% 1972$14,207.18 3.21%
1973 $15,090.88 6.22% 1974$16,756.31 11.04%
1975 $18,285.79 9.13% 1976$19,339.43 5.76%
1977 $20,597.01 6.50% 1978$22,160.48 7.59%
1979 $24,675.62 11.35% 1980$28,006.49 13.50%
1981 $30,895.51 10.32% 1982$32,798.87 6.16%
1983 $33,852.51 3.21% 1984$35,314.01 4.32%
1985 $36,571.58 3.56% 1986$37,251.35 1.86%
1987 $38,610.89 3.65% 1988$40,208.35 4.14%
1989 $42,145.69 4.82% 1990$44,422.92 5.40%
1991 $46,292.28 4.21% 1992$47,685.81 3.01%
1993 $49,113.33 2.99% 1994$50,370.90 2.56%
1995 $51,798.42 2.83% 1996$53,327.90 2.95%
1997 $54,551.48 2.29% 1998$55,401.19 1.56%
1999 $56,624.78 2.21% 2000$58,528.13 3.36%
2001 $60,193.57 2.85% 2002$61,145.24 1.58%
2003 $62,538.77 2.28% 2004$64,204.20 2.66%
2005 $66,379.47 3.39% 2006$68,520.74 3.23%
2007 $70,472.36 2.85% 2008$73,178.18 3.84%
2009 $72,917.83 -0.36% 2010$74,113.88 1.64%
2011 $76,453.31 3.16% 2012$78,035.47 2.07%