Value of a dollar · 2023
Value of a Dollar in 2023
$1 in 2023 had the same buying power as $1.03 in 2024. Prices rose 3% over those 1 years, an average of 2.95% a year.
- $100 from 2023 $103 in 2024 dollars
- Prices since +3% 1.03× the 2023 level
- Average inflation 2.95% a year, 2023–2024
- $100 in 2024 $97.14 in 2023 dollars
2023 dollars in 2024 money
| In 2023 | Worth in 2024 |
|---|---|
| $1 | $1.03 |
| $10 | $10.29 |
| $100 | $103 |
| $1,000 | $1,029 |
| $10,000 | $10,295 |
For a specific amount or a different pair of years, use the inflation calculator.
How $100 from 2023 kept pace
The amount needed in each later year to buy what $100 bought in 2023:
Prices have not yet doubled since 2023. The steepest single year along the way was 2024, when inflation reached 2.95%. Read what happened in 2024.
The federal minimum wage in 2023
The federal minimum wage was $7.25 an hour in 2023. In 2024 dollars that is about $7.46, compared with the actual $7.25 in 2024. Adjusted for inflation, the federal floor bought about 3% less in 2024 than it did in 2023. See today’s rates on minimum wage by state.
Borrowing in 2023
A 30-year fixed mortgage averaged 6.81% in 2023, against 6.76% this week. See mortgage rates in 2023.
For the inflation rate that year and the story behind it, see inflation in 2023.
Value of a dollar in 2023 — FAQ
How much is $1 from 2023 worth today?
$1 in 2023 buys about as much as $1.03 did in 2024, the latest full year of Consumer Price Index data. $100 from 2023 equals about $103.
How much have prices gone up since 2023?
Consumer prices rose about 3% from 2023 to 2024, so things cost about 1.03 times as much. That works out to an average of 2.95% a year.
What would $100 in 2024 have been worth in 2023?
$100 in 2024 had the buying power of about $97.14 in 2023.
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/2023/ — based on World Bank, World Development Indicators. CC BY-NC 4.0.
