$490 in 2004 is worth $805.06 today

805.06

Value of $490 from 2004 to 2024

In 1913 the price of $490 is approximately equal to $805.06 today in 2024. Prices changed by 2.53% (or $15.75) per year on average during that period. It means that every purchase will cost you 1.64 times as much.
For anyone curious about the value of $490 in 2004 and what it would be worth today in 2024, this page provides a detailed analysis using the cumulative price change, average inflation rate, and other key financial indicators.


How Much is $490 in 2004 Worth Today?

  • Converted Amount: The $490 from 2004, adjusted for inflation, would be equivalent to $805.06 in 2024.
  • Cumulative Price Change: Over this period, the cumulative price change has been 64.30%.
  • Average Inflation Rate: The average annual inflation rate between 2004 and 2024 has been 2.53%.
Inflation from 2004 to 2024
Cumulative price change 64.30%
Average inflation rate 2.53%
Converted amount $805.06
Price difference $315.06
CPI in 2004 188.9
CPI in 2024310.358
Inflation in 20042.66%
Inflation in 20241.86%
$490 in 2004$805.06 in 2024

Key Financial Indicators:

Consumer Price Index (CPI) Comparison

  • CPI in 2004: 188.9
  • CPI in 2024: 310.358

The CPI index has changed by 6.07 points per year on average over 20 years. The chart below represents the price changes from 2004 to 2024 (for convenience, the values converted in US dollars):

Inflation Rate at 2004 and 2024

  • Inflation in 2004: 2.66%
  • Inflation in 2024: 1.86%

Price Difference

  • The price difference between 2004 and 2024 is $315.06.

2004 to 2024 Inflation Calculator

To understand the transformation of $490 from 2004 into 2024 US dollars, consider the following table:

YearCPIInflation rateValue in 2024
2004188.92.66%$490
2024310.3581.86%$805.06

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


Buying Power of $490 in 2004

$490 in the year 2004 is now worth $805.06 in 2024, showing a substantial increase of $315.06 over the years. This change underscores how the average inflation rate of 2.53% annually has eroded the purchasing power of the US dollar.

It means that the real purchasing power has decreased and, adjusted for inflation, you can buy 1.64 times less for the same amount of money.

To illustrate this, let's see the chart below that demonstrates how $490 has significantly decreased in worth over 20 years:

Inflation from 2004 to 2024
Cumulative price change 64.30%
Average inflation rate 2.53%
Converted amount 805.06
Price difference 315.06
CPI in 2004 188.9
CPI in 2024310.358
Inflation in 20042.66%
Inflation in 20241.86%
490 in 2004805.06 in 2024