Value of a dollar · 1997
Value of a Dollar in 1997
$1 in 1997 had the same buying power as $1.95 in 2024. Prices rose 95% over those 27 years, an average of 2.51% a year.
- $100 from 1997 $195 in 2024 dollars
- Prices since +95% 1.95× the 1997 level
- Average inflation 2.51% a year, 1997–2024
- $100 in 2024 $51.17 in 1997 dollars
1997 dollars in 2024 money
| In 1997 | Worth in 2024 |
|---|---|
| $1 | $1.95 |
| $10 | $19.54 |
| $100 | $195 |
| $1,000 | $1,954 |
| $10,000 | $19,544 |
For a specific amount or a different pair of years, use the inflation calculator.
How $100 from 1997 kept pace
The amount needed in each later year to buy what $100 bought in 1997:
Prices have not yet doubled since 1997. The steepest single year along the way was 2022, when inflation reached 8.00%. Read what happened in 2022.
The federal minimum wage in 1997
The federal minimum wage was $4.88 an hour in 1997. In 2024 dollars that is about $9.54, compared with the actual $7.25 in 2024. Adjusted for inflation, the federal floor bought about 24% less in 2024 than it did in 1997. See today’s rates on minimum wage by state.
Borrowing in 1997
A 30-year fixed mortgage averaged 7.6% in 1997, against 6.76% this week. See every year on historical mortgage rates.
Value of a dollar in 1997 — FAQ
How much is $1 from 1997 worth today?
$1 in 1997 buys about as much as $1.95 did in 2024, the latest full year of Consumer Price Index data. $100 from 1997 equals about $195.
How much have prices gone up since 1997?
Consumer prices rose about 95% from 1997 to 2024, so things cost about 1.95 times as much. That works out to an average of 2.51% a year.
What would $100 in 2024 have been worth in 1997?
$100 in 2024 had the buying power of about $51.17 in 1997.
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/1997/ — based on World Bank, World Development Indicators. CC BY-NC 4.0.
