The Impact of Inflation on value of $6000 from 1930 to 2024
In 1913 the price of $6000 is approximately equal to $111505.87 in 2024. Prices changed by 3.17% (or $1122.40) per year on average during that period. It means that every purchase will cost you 18.58 times as much.
Inflation is a powerful force that can erode the purchasing power of money over time. For anyone curious about the value of $6000 in 1930 and what it would be worth in 2024, this page provides a detailed analysis using the cumulative price change, average inflation rate, and other key financial indicators.
How Much is $6000 in 1930 Worth Today?
- Converted Amount: The $6000 from 1930, adjusted for inflation, would be equivalent to $111505.87 in 2024.
- Cumulative Price Change: Over this period, the cumulative price change has been 1758.43%.
- Average Inflation Rate: The average annual inflation rate between 1930 and 2024 has been 3.17%.
| Cumulative price change | 1758.43% |
| Average inflation rate | 3.17% |
| Converted amount | 111505.87 |
| Price difference | 105505.87 |
| CPI in 1930 | 16.7 |
| CPI in 2024 | 310.358 |
| Inflation in 1930 | -2.34% |
| Inflation in 2024 | 1.86% |
| 6000 in 1930 | 111505.87 in 2024 |
Key Financial Indicators:
Consumer Price Index (CPI) Comparison
- CPI in 1930: 16.7
- CPI in 2024: 310.358
Inflation Rate at 1930 and 2024
- Inflation in 1930: -2.34%
- Inflation in 2024: 1.86%
Price Difference
- The price difference between 1930 and 2024 is $105505.87.
1930 to 2024 Inflation Calculator
To understand the transformation of $6000 from 1930 into 2024 US dollars, consider the following table:
| Year | CPI | Inflation rate | Value in 2024 |
|---|---|---|---|
| 1930 | 16.7 | -2.34% | $6000 |
| 2024 | 310.358 | 1.86% | $111505.87 |
This table highlights the key figures that affect how the value of money changes over time due to inflation.
Buying Power of $6000 in 1930
$6000 in the year 1930 is now worth $111505.87 in 2024, showing a substantial increase of $105505.87 over the years. This change underscores how the average inflation rate of 3.17% annually has eroded the purchasing power of the US dollar.