Value of a dollar · 2004
Value of a Dollar in 2004
$1 in 2004 had the same buying power as $1.66 in 2024. Prices rose 66% over those 20 years, an average of 2.57% a year.
- $100 from 2004 $166 in 2024 dollars
- Prices since +66% 1.66× the 2004 level
- Average inflation 2.57% a year, 2004–2024
- $100 in 2024 $60.21 in 2004 dollars
2004 dollars in 2024 money
| In 2004 | Worth in 2024 |
|---|---|
| $1 | $1.66 |
| $10 | $16.61 |
| $100 | $166 |
| $1,000 | $1,661 |
| $10,000 | $16,608 |
For a specific amount or a different pair of years, use the inflation calculator.
How $100 from 2004 kept pace
The amount needed in each later year to buy what $100 bought in 2004:
Prices have not yet doubled since 2004. The steepest single year along the way was 2022, when inflation reached 8.00%. Read what happened in 2022.
The federal minimum wage in 2004
The federal minimum wage was $5.15 an hour in 2004. In 2024 dollars that is about $8.55, compared with the actual $7.25 in 2024. Adjusted for inflation, the federal floor bought about 15% less in 2024 than it did in 2004. See today’s rates on minimum wage by state.
Borrowing in 2004
A 30-year fixed mortgage averaged 5.84% in 2004, against 6.76% this week. See every year on historical mortgage rates.
Value of a dollar in 2004 — FAQ
How much is $1 from 2004 worth today?
$1 in 2004 buys about as much as $1.66 did in 2024, the latest full year of Consumer Price Index data. $100 from 2004 equals about $166.
How much have prices gone up since 2004?
Consumer prices rose about 66% from 2004 to 2024, so things cost about 1.66 times as much. That works out to an average of 2.57% a year.
What would $100 in 2024 have been worth in 2004?
$100 in 2024 had the buying power of about $60.21 in 2004.
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/2004/ — based on World Bank, World Development Indicators. CC BY-NC 4.0.
