Value of a dollar · 1993
Value of a Dollar in 1993
$1 in 1993 had the same buying power as $2.17 in 2024. Prices rose 117% over those 31 years, an average of 2.53% a year.
- $100 from 1993 $217 in 2024 dollars
- Prices since +117% 2.17× the 1993 level
- Average inflation 2.53% a year, 1993–2024
- $100 in 2024 $46.05 in 1993 dollars
1993 dollars in 2024 money
| In 1993 | Worth in 2024 |
|---|---|
| $1 | $2.17 |
| $10 | $21.71 |
| $100 | $217 |
| $1,000 | $2,171 |
| $10,000 | $21,715 |
For a specific amount or a different pair of years, use the inflation calculator.
How $100 from 1993 kept pace
The amount needed in each later year to buy what $100 bought in 1993:
Prices had doubled by 2022, 29 years after 1993. The steepest single year along the way was 2022, when inflation reached 8.00%. Read what happened in 2022.
The federal minimum wage in 1993
The federal minimum wage was $4.25 an hour in 1993. In 2024 dollars that is about $9.23, compared with the actual $7.25 in 2024. Adjusted for inflation, the federal floor bought about 21% less in 2024 than it did in 1993. See today’s rates on minimum wage by state.
Borrowing in 1993
A 30-year fixed mortgage averaged 7.31% in 1993, against 6.76% this week. See every year on historical mortgage rates.
Value of a dollar in 1993 — FAQ
How much is $1 from 1993 worth today?
$1 in 1993 buys about as much as $2.17 did in 2024, the latest full year of Consumer Price Index data. $100 from 1993 equals about $217.
How much have prices gone up since 1993?
Consumer prices rose about 117% from 1993 to 2024, so things cost about 2.17 times as much. That works out to an average of 2.53% a year.
What would $100 in 2024 have been worth in 1993?
$100 in 2024 had the buying power of about $46.05 in 1993.
When did prices double after 1993?
By 2022, 29 years later, the price level was more than twice what it was in 1993, so a dollar saved in 1993 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/1993/ — based on World Bank, World Development Indicators. CC BY-NC 4.0.
