# $30,168 in 1983 is worth$53,642.10 in 2001

$30,168 in 1983 has the same purchasing power as$53,642.10 in 2001. Over the 18 years this is a change of $23,474.10. The average inflation rate of the dollar between 1983 and 2001 was 3.25% per year. The cumulative price increase of the dollar over this time was 77.81%. ## The value of$30,168 from 1983 to 2001

So what does this data mean? It means that the prices in 2001 are 536.42 higher than the average prices since 1983. A dollar in 2001 can buy 56.24% of what it could buy in 1983.

We can look at the buying power equivalent for $30,168 in 1983 to see how much you would need to adjust for in order to beat inflation. For 1983 to 2001, if you started with$30,168 in 1983, you would need to have $53,642.10 in 1983 to keep up with inflation rates. So if we are saying that$30,168 is equivalent to $53,642.10 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 18 years. ## Value of$30,168 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
1983 $30,168.00 3.21% 1984$31,470.43 4.32%
1985 $32,591.13 3.56% 1986$33,196.92 1.86%
1987 $34,408.48 3.65% 1988$35,832.07 4.14%
1989 $37,558.55 4.82% 1990$39,587.93 5.40%
1991 $41,253.83 4.21% 1992$42,495.69 3.01%
1993 $43,767.83 2.99% 1994$44,888.53 2.56%
1995 $46,160.67 2.83% 1996$47,523.69 2.95%
1997 $48,614.10 2.29% 1998$49,371.33 1.56%
1999 $50,461.73 2.21% 2000$52,157.93 3.36%