Inflation data from 1634 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University and from the American Antiquarian Society. Value of $1 from 1860 to 2023 $1 in 1860 is equivalent in purchasing power to about $36.04 today, an increase of $35.04 over 163 years. 1867, Real estate catalog listings in New York, 1866, Prices of building materials and construction labor in New York, 1869, Land prices and farm rent in Ohio, 1869-1870, Ohio farm real estate value by county, 1850-1982, Real estate catalog listings in Ohio, 1866, Land prices and farm rent in Oregon, 1869-1870, Oregon farm real estate values by county, 1850-1982, Land prices and farm rent in Pennsylvania, 1869-1870, Pennsylvania farm real estate values by county, 1850-1982, Land prices - Northeast US, 1860 and 1867, Rhode Island farm real estate values by county, 1850-1982, Real estate catalog listings in South Carolina, 1866, Land prices and farm rent in South Carolina, 1869-1870, South Carolina farm real estate values by county, 1850-1982, Tenement rent - South Carolina, 1867-1874, Land prices and farm rent in Tennessee, 1869-1870, Tennessee farm real estate values by county, 1850-1982, Real estate catalog listings in Tennessee, 1866, Land prices and farm rent in Texas, 1869-1870, Texas farm real estate values by county, 1850-1982, Land prices and farm rent in Virginia, 1869-1870, Real estate catalog listings in Virginia, 1866, Virginia farm real estate values by county, 1850-1982, Vermont farm real estate values by county, 1850-1982, Land prices and farm rent in Washington Territory, 1869-1870, Washington Territory farm real estate values, 1850-1982, Land prices and farm rent in Wisconsin, 1869-1870, Wisconsin farm real estate values by county, 1850-1982, Land prices by county in West Virginia, late 1860s, Land prices and farm rent in West Virginia, 1869-1870, Farm real estate values by county in West Virginia, 1850-1982, Timber land prices in West Virginia, 1866, Prices of farm implements, machinery and tools, 1860, Cook stove, heat radiator and furnace prices - 1868, Men's boot prices by city/town, 1850s-1870s, Prices of cows, calves, sheep, lambs and hogs, 1860-1863, Farm animal prices in western states, 1867, Farm animal prices by state and county - 1869-1870, Horse and mule prices in Virginia, 1863-1864, Cost to send a letter by Pony Express, 1860-1861, Postage rates for letters mailed in the U.S., 1792-1863, Cost to mail a letter from US to foreign countries, 1865, Medical colleges in the United States - Fees for the 1861-1862 session, University of the Pacific (San Francisco), College of Physicians and Surgeons at Columbia College, New York Medical College and Charity Hospital, Cincinnati College of Medicine and Surgery, Photographs - Cost to have a portrait made, 1862, Chess figures and playing cards - Retail prices, 1864, Medicine and other drug store item prices, 1867, Opium - Prices paid by federal government, 1840-1891, Sir James Clarke's Celebrated Female Pills, Madame Boivin Celebrated Silver-Coated Female Pills, Dr. Young's French Lunar or Female Monthly Pills, Artificial arms, legs, feet, etc. Our calculations use the following inflation rate formula to calculate the change in value between 1862 and today: Then plug in historical CPI values. This table and charts use the earliest available data for each category. Price to mail a domestic letter. Breaking down these categories helps explain the main drivers behind price changes. With or without board, during harvest or at other times. Click the tabs above for direct links to occupations. The amount presented here as "spent on a purchase", $, is the same answer you will get from the dozens of other inflation . Shows prices for flour, rice, fruits, fish, pork, beef, butter, cheese, salt, sugar, molasses, whiskey, brandy, wine, gin, rum, coffee, tea, tobacco, candles, hides, furs, leather, nails, whalebone, wool and more. Shows weekly expenses for families of 5 or 6 individuals in Belgium in 1853. The author,Virginia Penny,collecteddata during1859-1863by visiting establishments in and around NYC, Mass. This effect explains how inflation erodes the value of a dollar over time. $1 in 1830 is equivalent in purchasing power to about $32.52 today, an increase of $31.52 over 193 years. This effect explains how inflation erodes the value of a dollar over time. Our calculations use the following inflation rate formula to calculate the change in value between 1860 and today: Then plug in historical CPI values. For comparison, in the UK 1.00 in 1860 would be equivalent to 155.56 in 2023, an absolute change of 154.56 and a cumulative change of 15,456.47%. How much was 50$ worth in 1860? Inflation data from 1634 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University and from the American Antiquarian Society. This table and charts use the earliest available data for each category. Use the form on this page to perform your own inflation calculation for any year. 44-51. More . $15,000,000 in 1800 is equivalent in purchasing power to about $326,559,523.81 today, an increase of $311,559,523.81 over 221 years. An interment, conducted in what is called a decent manner, costs from 25 to 30 dollars," with more extravagant internments costing $50-$100 or more. Shows monthly rent for 4-room and 6-room tenements. According to the Bureau of Labor Statistics, each of these USD amounts below is equal in terms of what it could buy at the time: This conversion table shows various other 1862 amounts in today's dollars, based on the 2,862.08% change in prices: Inflation can also vary widely by country. CPI is the weighted combination of many categories of spending that are tracked by the government. How much was $13 dollars worth in 1863? Boston guidebook lists rates to ride in hired carriages, as well as baggage allowance, 1864-1866. This means that today's prices are 36.04 times as high as average prices since 1860, according to the Bureau of Labor Statistics consumer price index. Includes land plus any buildings on the land. The inflation rate in 1860 was 0.00%. See also a. A dollar today only buys 2.774% of what it could buy back then. Shows average rent for 4-room or 6-room tenements. Compare these values to the overall average of 0.00% per year: For all these visualizations, it's important to note that not all categories may have been tracked since 1859. In other words, a dollar will pay for fewer items at the store. The dollar had an average inflation rate of 2.13% per year between 1862 and today, producing a cumulative price increase of 2,862.08%. Shows how much families in New England towns spent on food, provisions and rent, broken out by family size, for up to seven children. (, Prices for improved and unimproved land. 354-360. In FOREIGN COUNTRIES Chart shows postal rates for mailing a domestic letter. Counties are listed alphabetically; scroll forward to see them all. This chart shows a calculation of buying power equivalence for $1 in 1856 (price index tracking began in 1635). CPI is the weighted combination of many categories of spending that are tracked by the government. Non-drug items include hair dye, pomades, soap, tooth powder and condoms. Tables extend from page 14-28 in this source. Wages are reported in British currency. Shows wages of laborers, yard hands, watchmen, teamsters, quarrymen, coal-heavers, helpers, unskilled factory operatives, without any geographic breakouts. This chart shows the average rate of inflation for select CPI categories between 1860 and 2023. When $25 is equivalent to $901.11 over time, that means that the "real value" of a single U.S. dollar decreases over time. A dollar today only buys 3.376% of what it could buy back then. For example, see, Houses, farms and business property are briefly described with asking prices. in the. Special occasions such as a bride's hair could cost $5.00 or more. Our calculations use the following inflation rate formula to calculate the change in value between 1860 and today: Then plug in historical CPI values. To get the total inflation rate for the 163 years between 1860 and 2023, we use the following formula: Plugging in the values to this equation, we get: Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (CPI), established in 1913. Source: International Railway Congress, Shows fares for different classes of travel to. Table shows the price of hogs per the 100 pounds for each of these years: 1830, 1832, 1835, 1838, 1840, 1845, 1847, 1850, 1853, 1855, 1858, 1860, 1862. Ft. 143 Paradas Pl, St Augustine, FL 32092. This 1890 U.S. Census publication includes a, Includes flour, meats, dairy products, beans, etc. An "emigrant rate" (third class) ticket from New York City to Chicago cost $11 in 1863. For comparison, in the UK 100.00 in 1860 would be equivalent to 15,556.47 in 2023, an absolute change of 15,456.47 and a cumulative change of 15,456.47%. They would also transport bodies as described in this 1862 publication. Our calculations use the following inflation rate formula to calculate the change in value between 1860 and today: Then plug in historical CPI values. $1 in 1860 is equivalent in purchasing power to about $36.04 today, an increase of $35.04 over 163 years. Source: 1871 U.S. Bureau of Statistics. When $1 is equivalent to $35.20 over time, that means that the "real value" of a single U.S. dollar decreases over time. In addition to telling the price range for land (improved and unimproved), each county also reported whether or not it still had government land available through the, Shows house rents in St. Louis back to 1851, and in Pilot Knob (Cooper County) back to 1858. in2013dollars.com is a reference website maintained by the Official Data Foundation. Ian Webster is an engineer and data expert based in San Mateo, California. Free shipping for many products! Also shows the price of logs. A dollar today only buys 2.774% of what it could buy back then. As listed in the American Almanac and Repository of Useful Knowledge published in 1830. Shows prices for food, soap, firewood and coal. Shows rates to travel both inside Ireland and to other countries. Read more about this project in "Work for women," a newspaper articledated Feb 15, 1893. The dollar had an average inflation rate of 2.20% per year between 1860 and today, producing a cumulative price increase of 3,232.40%. 1,477 Sq. $1 in 1859 is equivalent in purchasing power to about $1 in 1860. For comparison, in the UK 13.00 in 1860 would be equivalent to 2,022.34 in 2023, an absolute change of 2,009.34 and a cumulative change of 15,456.47%. Special thanks to QuickChart for their chart image API, which is used for chart downloads. The inflation rate in 1859 was 1.22%. Compares wages in MA to that of Great Britain (abbreviated G.B. States included: ME, NH, VT, MA, RI, CT, NY, PA, NJ, DE. The inflation rate in 1860 was 0.00%. The dollar had an average inflation rate of 0.00% per year between 1859 and 1860, producing a cumulative price increase of 0.00%. To get the total inflation rate for the 223 years between 1800 and 2023, we use the following formula: Plugging in the values to this equation, we get: Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (CPI), established in 1913. Shows weekly wages in 88 trades. . This effect explains how inflation erodes the value of a dollar over time. The inflation rate in 1860 was 0.00%. Annual Rate, the Bureau of Labor Statistics CPI. Source: Lists the value in British pounds for Spanish dollars, doubloons, American eagles, half-eagles and quarter eagles, gold and silver francs, as well as some South American money. Source: Extensive, 437-page government report indicates detailed wages by occupation in many locations throughout the UK. This chart shows the average rate of inflation for select CPI categories between 1860 and 2023.