Value of a dollar · 2020
Value of a Dollar in 2020
$1 in 2020 had the same buying power as $1.21 in 2024. Prices rose 21% over those 4 years, an average of 4.93% a year.
- $100 from 2020 $121 in 2024 dollars
- Prices since +21% 1.21× the 2020 level
- Average inflation 4.93% a year, 2020–2024
- $100 in 2024 $82.50 in 2020 dollars
2020 dollars in 2024 money
| In 2020 | Worth in 2024 |
|---|---|
| $1 | $1.21 |
| $10 | $12.12 |
| $100 | $121 |
| $1,000 | $1,212 |
| $10,000 | $12,121 |
For a specific amount or a different pair of years, use the inflation calculator.
How $100 from 2020 kept pace
The amount needed in each later year to buy what $100 bought in 2020:
Prices have not yet doubled since 2020. The steepest single year along the way was 2022, when inflation reached 8.00%. Read what happened in 2022.
The federal minimum wage in 2020
The federal minimum wage was $7.25 an hour in 2020. In 2024 dollars that is about $8.79, compared with the actual $7.25 in 2024. Adjusted for inflation, the federal floor bought about 17% less in 2024 than it did in 2020. See today’s rates on minimum wage by state.
Borrowing in 2020
A 30-year fixed mortgage averaged 3.11% in 2020, against 6.76% this week. See mortgage rates in 2020.
For the inflation rate that year and the story behind it, see inflation in 2020.
Value of a dollar in 2020 — FAQ
How much is $1 from 2020 worth today?
$1 in 2020 buys about as much as $1.21 did in 2024, the latest full year of Consumer Price Index data. $100 from 2020 equals about $121.
How much have prices gone up since 2020?
Consumer prices rose about 21% from 2020 to 2024, so things cost about 1.21 times as much. That works out to an average of 4.93% a year.
What would $100 in 2024 have been worth in 2020?
$100 in 2024 had the buying power of about $82.50 in 2020.
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/2020/ — based on World Bank, World Development Indicators. CC BY-NC 4.0.
