# $73,963 in 1970 is worth$384,302.60 in 2006

$73,963 in 1970 has the same purchasing power as$384,302.60 in 2006. Over the 36 years this is a change of $310,339.60. The average inflation rate of the dollar between 1970 and 2006 was 4.75% per year. The cumulative price increase of the dollar over this time was 419.59%. ## The value of$73,963 from 1970 to 2006

So what does this data mean? It means that the prices in 2006 are 3,843.03 higher than the average prices since 1970. A dollar in 2006 can buy 19.25% of what it could buy in 1970.

We can look at the buying power equivalent for $73,963 in 1970 to see how much you would need to adjust for in order to beat inflation. For 1970 to 2006, if you started with$73,963 in 1970, you would need to have $384,302.60 in 1970 to keep up with inflation rates. So if we are saying that$73,963 is equivalent to $384,302.60 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 36 years. ## Value of$73,963 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
1970 $73,963.00 5.72% 1971$77,203.65 4.38%
1972 $79,681.79 3.21% 1973$84,638.07 6.22%
1974 $93,978.76 11.04% 1975$102,556.94 9.13%
1976 $108,466.36 5.76% 1977$115,519.53 6.50%
1978 $124,288.34 7.59% 1979$138,394.69 11.35%
1980 $157,076.06 13.50% 1981$173,279.30 10.32%
1982 $183,954.37 6.16% 1983$189,863.78 3.21%
1984 $198,060.71 4.32% 1985$205,113.89 3.56%
1986 $208,926.41 1.86% 1987$216,551.46 3.65%
1988 $225,510.90 4.14% 1989$236,376.60 4.82%
1990 $249,148.56 5.40% 1991$259,633.01 4.21%
1992 $267,448.68 3.01% 1993$275,454.99 2.99%
1994 $282,508.16 2.56% 1995$290,514.46 2.83%
1996 $299,092.65 2.95% 1997$305,955.19 2.29%
1998 $310,720.85 1.56% 1999$317,583.40 2.21%
2000 $328,258.47 3.36% 2001$337,599.16 2.85%
2002 $342,936.69 1.58% 2003$350,752.37 2.28%
2004 $360,093.06 2.66% 2005$372,293.14 3.39%