Value of a dollar · 1971
Value of a Dollar in 1971
$1 in 1971 had the same buying power as $7.75 in 2024. Prices rose 675% over those 53 years, an average of 3.94% a year.
- $100 from 1971 $775 in 2024 dollars
- Prices since +675% 7.75× the 1971 level
- Average inflation 3.94% a year, 1971–2024
- $100 in 2024 $12.91 in 1971 dollars
1971 dollars in 2024 money
| In 1971 | Worth in 2024 |
|---|---|
| $1 | $7.75 |
| $10 | $77.47 |
| $100 | $775 |
| $1,000 | $7,747 |
| $10,000 | $77,469 |
For a specific amount or a different pair of years, use the inflation calculator.
How $100 from 1971 kept pace
The amount needed in each later year to buy what $100 bought in 1971:
Prices had doubled by 1980, 9 years after 1971. The steepest single year along the way was 1980, when inflation reached 13.55%. Read what happened in 1980.
Borrowing in 1971
A 30-year fixed mortgage averaged 7.54% in 1971, against 6.76% this week. See every year on historical mortgage rates.
Value of a dollar in 1971 — FAQ
How much is $1 from 1971 worth today?
$1 in 1971 buys about as much as $7.75 did in 2024, the latest full year of Consumer Price Index data. $100 from 1971 equals about $775.
How much have prices gone up since 1971?
Consumer prices rose about 675% from 1971 to 2024, so things cost about 7.75 times as much. That works out to an average of 3.94% a year.
What would $100 in 2024 have been worth in 1971?
$100 in 2024 had the buying power of about $12.91 in 1971.
When did prices double after 1971?
By 1980, 9 years later, the price level was more than twice what it was in 1971, so a dollar saved in 1971 bought less than half as much.
Based on annual average Consumer Price Index levels. 2024 is the latest full year in the data, so “today” on this page means 2024 dollars.
Data: World Bank, World Development Indicators, via APIVerve. Our tables, charts and text are licensed CC BY-NC 4.0: share and adapt them for non-commercial use as long as you credit us. For commercial use or bulk data, use the APIVerve API. See the data terms. Cite as: Digest Your Finances, “Value of a Dollar by Year”, https://digestyourfinances.com/studies/value-of-a-dollar/1971/ — based on World Bank, World Development Indicators. CC BY-NC 4.0.
