# $21,543 in 1973 is worth$77,875.03 in 1997

$21,543 in 1973 has the same purchasing power as$77,875.03 in 1997. Over the 24 years this is a change of $56,332.03. The average inflation rate of the dollar between 1973 and 1997 was 5.58% per year. The cumulative price increase of the dollar over this time was 261.49%. ## The value of$21,543 from 1973 to 1997

So what does this data mean? It means that the prices in 1997 are 778.75 higher than the average prices since 1973. A dollar in 1997 can buy 27.66% of what it could buy in 1973.

We can look at the buying power equivalent for $21,543 in 1973 to see how much you would need to adjust for in order to beat inflation. For 1973 to 1997, if you started with$21,543 in 1973, you would need to have $77,875.03 in 1973 to keep up with inflation rates. So if we are saying that$21,543 is equivalent to $77,875.03 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 24 years. ## Value of$21,543 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
1973 $21,543.00 6.22% 1974$23,920.49 11.04%
1975 $26,103.91 9.13% 1976$27,608.03 5.76%
1977 $29,403.28 6.50% 1978$31,635.22 7.59%
1979 $35,225.72 11.35% 1980$39,980.70 13.50%
1981 $44,104.93 10.32% 1982$46,822.06 6.16%
1983 $48,326.19 3.21% 1984$50,412.56 4.32%
1985 $52,207.81 3.56% 1986$53,178.22 1.86%
1987 $55,119.03 3.65% 1988$57,399.48 4.14%
1989 $60,165.14 4.82% 1990$63,415.99 5.40%
1991 $66,084.61 4.21% 1992$68,073.94 3.01%
1993 $70,111.79 2.99% 1994$71,907.04 2.56%
1995 $73,944.89 2.83% 1996$76,128.30 2.95%