$30 in 1938 is worth $660.34 today

$
$ 660.34

The Impact of Inflation on value of $30 from 1938 to 2024

In 1913 the price of $30 is approximately equal to $660.34 in 2024. Prices changed by 3.64% (or $7.33) per year on average during that period. It means that every purchase will cost you 22.01 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 $30 in 1938 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 $30 in 1938 Worth Today?

  • Converted Amount: The $30 from 1938, adjusted for inflation, would be equivalent to $660.34 in 2024.
  • Cumulative Price Change: Over this period, the cumulative price change has been 2101.12%.
  • Average Inflation Rate: The average annual inflation rate between 1938 and 2024 has been 3.64%.
Inflation from 1938 to 2024
Cumulative price change 2101.12%
Average inflation rate 3.64%
Converted amount 660.34
Price difference 630.34
CPI in 1938 14.1
CPI in 2024310.358
Inflation in 1938-2.08%
Inflation in 20241.86%
30 in 1938660.34 in 2024

Key Financial Indicators:

Consumer Price Index (CPI) Comparison

  • CPI in 1938: 14.1
  • CPI in 2024: 310.358

Inflation Rate at 1938 and 2024

  • Inflation in 1938: -2.08%
  • Inflation in 2024: 1.86%

Price Difference

  • The price difference between 1938 and 2024 is $630.34.

1938 to 2024 Inflation Calculator

To understand the transformation of $30 from 1938 into 2024 US dollars, consider the following table:

YearCPIInflation rateValue in 2024
193814.1-2.08%$30
2024310.3581.86%$660.34

This table highlights the key figures that affect how the value of money changes over time due to inflation.

Buying Power of $30 in 1938

$30 in the year 1938 is now worth $660.34 in 2024, showing a substantial increase of $630.34 over the years. This change underscores how the average inflation rate of 3.64% annually has eroded the purchasing power of the US dollar.

Inflation from 1938 to 2024
Cumulative price change 2101.12%
Average inflation rate 3.64%
Converted amount 660.34
Price difference 630.34
CPI in 1938 14.1
CPI in 2024310.358
Inflation in 1938-2.08%
Inflation in 20241.86%
30 in 1938660.34 in 2024