Value of a dollar · 2008
Value of a Dollar in 2008
$1 in 2008 had the same buying power as $1.46 in 2024. Prices rose 46% over those 16 years, an average of 2.38% a year.
- $100 from 2008 $146 in 2024 dollars
- Prices since +46% 1.46× the 2008 level
- Average inflation 2.38% a year, 2008–2024
- $100 in 2024 $68.64 in 2008 dollars
2008 dollars in 2024 money
| In 2008 | Worth in 2024 |
|---|---|
| $1 | $1.46 |
| $10 | $14.57 |
| $100 | $146 |
| $1,000 | $1,457 |
| $10,000 | $14,570 |
For a specific amount or a different pair of years, use the inflation calculator.
How $100 from 2008 kept pace
The amount needed in each later year to buy what $100 bought in 2008:
Prices have not yet doubled since 2008. The steepest single year along the way was 2022, when inflation reached 8.00%. Read what happened in 2022.
The federal minimum wage in 2008
The federal minimum wage was $6.20 an hour in 2008. In 2024 dollars that is about $9.03, compared with the actual $7.25 in 2024. Adjusted for inflation, the federal floor bought about 20% less in 2024 than it did in 2008. See today’s rates on minimum wage by state.
Borrowing in 2008
A 30-year fixed mortgage averaged 6.03% in 2008, against 6.76% this week. See mortgage rates in 2008.
For the inflation rate that year and the story behind it, see inflation in 2008.
Value of a dollar in 2008 — FAQ
How much is $1 from 2008 worth today?
$1 in 2008 buys about as much as $1.46 did in 2024, the latest full year of Consumer Price Index data. $100 from 2008 equals about $146.
How much have prices gone up since 2008?
Consumer prices rose about 46% from 2008 to 2024, so things cost about 1.46 times as much. That works out to an average of 2.38% a year.
What would $100 in 2024 have been worth in 2008?
$100 in 2024 had the buying power of about $68.64 in 2008.
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/2008/ — based on World Bank, World Development Indicators. CC BY-NC 4.0.
