# $24,731 in 1981 is worth$61,198.75 in 2011

$24,731 in 1981 has the same purchasing power as$61,198.75 in 2011. Over the 30 years this is a change of $36,467.75. The average inflation rate of the dollar between 1981 and 2011 was 3.31% per year. The cumulative price increase of the dollar over this time was 147.46%. ## The value of$24,731 from 1981 to 2011

So what does this data mean? It means that the prices in 2011 are 611.99 higher than the average prices since 1981. A dollar in 2011 can buy 40.41% of what it could buy in 1981.

We can look at the buying power equivalent for $24,731 in 1981 to see how much you would need to adjust for in order to beat inflation. For 1981 to 2011, if you started with$24,731 in 1981, you would need to have $61,198.75 in 1981 to keep up with inflation rates. So if we are saying that$24,731 is equivalent to $61,198.75 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 30 years. ## Value of$24,731 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
1981 $24,731.00 10.32% 1982$26,254.58 6.16%
1983 $27,097.99 3.21% 1984$28,267.89 4.32%
1985 $29,274.54 3.56% 1986$29,818.68 1.86%
1987 $30,906.95 3.65% 1988$32,185.67 4.14%
1989 $33,736.46 4.82% 1990$35,559.31 5.40%
1991 $37,055.69 4.21% 1992$38,171.17 3.01%
1993 $39,313.86 2.99% 1994$40,320.51 2.56%
1995 $41,463.19 2.83% 1996$42,687.50 2.95%
1997 $43,666.95 2.29% 1998$44,347.12 1.56%
1999 $45,326.56 2.21% 2000$46,850.15 3.36%
2001 $48,183.28 2.85% 2002$48,945.07 1.58%
2003 $50,060.55 2.28% 2004$51,393.68 2.66%
2005 $53,134.92 3.39% 2006$54,848.95 3.23%
2007 $56,411.17 2.85% 2008$58,577.10 3.84%
2009 $58,368.70 -0.36% 2010$59,326.10 1.64%