Value of a dollar · 1998
Value of a Dollar in 1998
$1 in 1998 had the same buying power as $1.92 in 2024. Prices rose 92% over those 26 years, an average of 2.55% a year.
- $100 from 1998 $192 in 2024 dollars
- Prices since +92% 1.92× the 1998 level
- Average inflation 2.55% a year, 1998–2024
- $100 in 2024 $51.97 in 1998 dollars
1998 dollars in 2024 money
| In 1998 | Worth in 2024 |
|---|---|
| $1 | $1.92 |
| $10 | $19.24 |
| $100 | $192 |
| $1,000 | $1,924 |
| $10,000 | $19,243 |
For a specific amount or a different pair of years, use the inflation calculator.
How $100 from 1998 kept pace
The amount needed in each later year to buy what $100 bought in 1998:
Prices have not yet doubled since 1998. The steepest single year along the way was 2022, when inflation reached 8.00%. Read what happened in 2022.
The federal minimum wage in 1998
The federal minimum wage was $5.15 an hour in 1998. In 2024 dollars that is about $9.91, compared with the actual $7.25 in 2024. Adjusted for inflation, the federal floor bought about 27% less in 2024 than it did in 1998. See today’s rates on minimum wage by state.
Borrowing in 1998
A 30-year fixed mortgage averaged 6.94% in 1998, against 6.76% this week. See every year on historical mortgage rates.
Value of a dollar in 1998 — FAQ
How much is $1 from 1998 worth today?
$1 in 1998 buys about as much as $1.92 did in 2024, the latest full year of Consumer Price Index data. $100 from 1998 equals about $192.
How much have prices gone up since 1998?
Consumer prices rose about 92% from 1998 to 2024, so things cost about 1.92 times as much. That works out to an average of 2.55% a year.
What would $100 in 2024 have been worth in 1998?
$100 in 2024 had the buying power of about $51.97 in 1998.
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/1998/ — based on World Bank, World Development Indicators. CC BY-NC 4.0.
