in2013dollars.com is a reference website maintained by the Official Data Foundation. See tabs above for additional price categories. You may use the following MLA citation for this page: $1 in 1860 2023 | Inflation Calculator. Official Inflation Data, Alioth Finance, 20 Feb. 2023, https://www.officialdata.org/us/inflation/1860?amount=1. Shows the wages paid to white women with the important distinction that this same labor is done by enslaved women without pay. A dollar today only buys 2.774% of what it could buy back then. Newspaper advertisement shows reduced fares: $19 to Philadelphia; $20 to New York City; $23 to Boston. How much was a 100 dollars worth in 1860? Source: Journal of the Royal Statistical Society, vol. Women working in Philadelphia earned an average weekly wageof $4.50, though some were paid as much as $7.00 or $8.00 a week. To get the total inflation rate for the 161 years between 1862 and 2023, we use the following formula: Plugging in the values to this equation, we get: Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (CPI), established in 1913. Source: Source: 16th Annual Report of the Massachusetts Bureau of Statistics of Labor, pp. Source: Catalog provides brief description and asking prices for land and plantations in Arkansas, 1866. Ian Webster is an engineer and data expert based in San Mateo, California. Our calculations use the following inflation rate formula to calculate the change in value between 1859 and 1860: Then plug in historical CPI values. Catalog shows cotton plantations and rice plantations for sale as well as small farms, houses, town lots, range land, timber land and more. Also includes price of molasses and syrup. Source: 1890 Census. To get the total inflation rate for the 163 years between 1860 and 2023, we use the following formula: Plugging in the values to this equation, we get: Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (CPI), established in 1913. This table spans pages 104-107 in the book and 1860s rent data falls on pages 105 and 107. (, Shows average value of farm land and buildings by the acre. Photo taken in 1885. This means that today's prices are 36.04 times as high as average prices since 1860, according to the Bureau of Labor Statistics consumer price index. This 1890 U.S. Census publication includes a, Includes flour, meats, dairy products, beans, etc. University of Missouri, Columbia ), Dentistry - False teeth prices in Iowa, 1864, Cost of dying - Funeral services in New York, early 1860s, Family expenditures in manufacturing towns, 1860 and 1867, Consumer expenditures in Massachusetts and Great Britain, 1875 and 1883, Wholesale prices by month in the New York market, 1860-1863, Wholesale prices by month in San Francisco, 1863, Wholesale prices in Shreveport, Louisiana, 1861, Australia (Melbourne only) - Prices, 1873, Belgium - Working class family expenses, 1853 and 1867, India - Salt retail price, annual averages for 1861-1890, Spain - Price of bread in 1860 compared to 1910, Great Britain - Prices as compared to Massachusetts, 1860-1883, Prices paid for food, candles and coal at Greenwich Hospital, 1860 and 1865, Home construction costs - England, ca. Prices expressed in pounds, shillings and pence. There is no differentiation between classes of travel. More . Inflation data from 1634 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University and from the American Antiquarian Society. Source:Federal Reserve Bank of Saint Louis. Ian Webster is an engineer and data expert based in San Mateo, California. See, Catalog briefly describes farms, land and mines for sale in Virginia, along with asking prices. They would also transport bodies as described in this 1862 publication. Source: U.S. BLS Bulletin no. Stage coach ticket prices from Kansas to Denver, Salt Lake City, Idaho, Montana or California. Average passenger fares in cents per mile. The U.S. CPI was 12.6 in the year 1800 and 299.17 in 2023: $1 in 1800 has the same "purchasing power" or "buying power" as $23.74 in 2023. 3 Beds. Source: Shows the lowest and highest prices of 25 foods and provisions in NYC over 56 years between 1825-1882. The dollar had an average inflation rate of 1.82% per year between 1830 and today, producing a cumulative price increase of 3,151.85%. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Scroll forward to see answers from all RR companies. 2023, https://www.officialdata.org/us/inflation/1860?amount=300. For Sale: 2 beds, 1 bath 935 sq. Source: Shows fares between San Francisco and England, Canada, Panama, Mexico, etc. A laborer could earn $2 per day; a plasterer could earn $5.50 per day. The current inflation rate page gives more detail on the latest inflation rates. The Relative Worth of $ 100 in 1860 . He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Source: Mass. Marie Concannon, Government Information Librarian Compares the average annual family expenditures on food (subsistence), clothing, rent, fuel and other sundry expenses. Shows weekly expenses for families of 5 or 6 individuals in Belgium in 1853. By calculating the value in 1860 dollars, the chart below shows how $100 is worth less over 163 years. Source: Bureau of Labor and Industrial Statistics of Michigan, pp. Cumulative price change; Average inflation rate: 1.82%: Converted amount ($12 base) $201.40: Price difference ($12 base) $189.40: CPI in 1865: . Source: Shows the prices of various English coals in New York markets per ton in October 1861 and 1864. This chart shows a calculation of buying power equivalence for $1 in 1800 (price index tracking began in 1635). on pp. CPI is the weighted combination of many categories of spending that are tracked by the government. Annual Rate, the Bureau of Labor Statistics CPI. See wages for bricklayers, carpenters, painters and more in. published 1867,pp. 7 1. $10 in 1860 is equivalent in purchasing power to about $348.32 today, an increase of $338.32 over 162 years. In FOREIGN COUNTRIES This effect explains how inflation erodes the value of a dollar over time. This source does not provide salary averages. Chart shows postal rates for mailing a domestic letter. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Source: Many tables in this extensive section include a column showing average wages for various occupations in Great Britain or England, usually for the years 1866, 1867 or 1868. Compare these values to the overall average of 2.22% per year: The graph below compares inflation in categories of goods over time. Compare these numbers to the US's overall absolute change of $3,504.46 and total percent change of 3,504.46%. To get the total inflation rate for the 167 years between 1856 and 2023, we use the following formula: Plugging in the values to this equation, we get: Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (CPI), established in 1913. A dollar today only buys 2.774% of what it could buy back then. Year Dollar Value Inflation Rate; 1869-4.23%: 1870-3.68%: 1871-6.87%: 1872: 0.00%: What is the equivalent of $40000 in 1840 in today? (, The chapter "Pioneer finance" in the book, This table spans pages 106-107 in the book and 1860s rent data falls on. Catalog lists prices in British currency. This table and charts use the earliest available data for each category. Since the Acts of Union 1707, Scotland's economy has been closely aligned with the economy of the rest of the United Kingdom (UK), and England has historically been its main trading partner. This table shows the average retail price for families of food items including butter beef, sugar, and more in New Jersey. Data collected in the winter of 1869-1870. Sewing machines -- SEE under "Clothing" tab above, Sewing machines for home use - Prices, 1860s, Horses, mules and farm animals - Average prices, 1867-1920, "75 Years of American Finance: A Graphic Presentation 1861-1935", https://libraryguides.missouri.edu/pricesandwages, Unskilled occupations - Average daily wages, 1840-1891, Wages for four common occupations in 1860, by state, number of people in each state/territory working in each occupation, Government salaries, federal and state ca. $1,000,000 in 1800 is worth $22,817,777.78 today This table spans pages 104-105 in the book and 1860s rent data falls on, Real estate catalog lists prairie land in Kansas for $2.50 an acre. When $300 is equivalent to $10,813.37 over time, that means that the "real value" of a single U.S. dollar decreases over time. . If this number holds, $1 today will be equivalent in buying power to $1.06 next year. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Also shows the price of logs. $1 in 1856 is equivalent in purchasing power to about $35.20 today, an increase of $34.20 over 167 years. Compare these values to the overall average of 2.16% per year: The graph below compares inflation in categories of goods over time. Source: MO State Board of Agriculture. $1,000,000 in 1860 is equivalent in purchasing power to about $33,323,975.90 today, an increase of $32,323,975.90 over 161 years. Tuition was abolishedduring these years;students paid a $5 matriculation fee. Wages are reported in British currency. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. By calculating the value in 1860 dollars, the chart below shows how $13 is worth less over 163 years. Click "more" for direct links to each state, then scroll forward several pages to see the animal prices. However, rare and vintage stamps from the 1940s, 1950s and 1960s can be worth more, especially if they are in mint condition. The current inflation rate compared to last year is now 6.41%. SOLD FEB 10, 2023. Read more about inflation and investment. Inflation data from 1634 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University and from the American Antiquarian Society. The U.S. CPI was 10.1 in the year 1862 and 299.17 in 2023: $1 in 1862 has the same "purchasing power" or "buying power" as $29.62 in 2023. Click on a category such as "Food" to toggle it on or off: For all these visualizations, it's important to note that not all categories may have been tracked since 1860. When $1 is equivalent to $35.20 over time, that means that the "real value" of a single U.S. dollar decreases over time. This U.S. Treasury document shows prices for each month as well as, The retail price for milk delivery was 6 cents per quart in NYC. To get the total inflation rate for the 223 years between 1800 and 2023, we use the following formula: Plugging in the values to this equation, we get: Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (CPI), established in 1913. The U.S. CPI was 8.3 in the year 1859 and 8.3 in 1860: $1 in 1859 has the same "purchasing power" or "buying power" as $1 in 1860. Wages listed by town. Richmond daily Whig. A dollar today only buys 2.774% of what it could buy back then. Annual Rate, the Bureau of Labor Statistics CPI. Use this chart to estimate the cost of building a dwelling in London. . Source: 30-page booklet reviews overall wage trends from 1800-1899. Ian earned his degree in Computer Science from Dartmouth College. 1864, Prices of cotton goods in the United Kingdom, 1867-1884, Price of mowing an acre of grass or crops, 1862, Travel expenses in Europe and Middle East, 1865. equal opportunity/access/affirmative action/pro-disabled and veteran employer. Value of $1,000,000 from 1860 to 2023 $1,000,000 in 1860 is equivalent in purchasing power to about $36,044,578.31 today, an increase of $35,044,578.31 over 163 years. In other words, a dollar will pay for fewer items at the store. Shows USDA estimates for the price of land by acre in NJ, NY, PA, DE, CT, RI and MA. is $ today. Similarly How much was 1 million dollars worth in the 1800s? This chart shows the average rate of inflation for select CPI categories between 1856 and 2023. Prices have increased by an average of 10% per year since 1850, resulting in a cumulative increase of 3,407 times. But then as today, it was all about location, location, location. Should soldiers desire to procure more expensive arms and legs, the maximum price for each will be allowed in part payment.". He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Source: Bureau of Labor and Industrial Statistics of Michigan, p. 247. This table and charts use the earliest available data for each category. Utah farm land and buildings averaged $15 per acre in 1860. 52-54. Compare these numbers to the US's overall absolute change of $0.00 and total percent change of 0.00%. Special thanks to QuickChart for their chart image API, which is used for chart downloads. Munten. Shows average monthly wages paid to men who worked on rafts and for labor in the woods. Ian earned his degree in Computer Science from Dartmouth College. This table spans pages 104-105 in the book and 1860s rent data falls on, Rental rates in Jeffersonville, La Fayette, Lawrenceburg and Terra Haute. You may use the following MLA citation for this page: $300 in 1860 2023 | Inflation Calculator. Official Inflation Data, Alioth Finance, 2 Mar. Wages depend on type of work, but the women work ten hours a day year-round. This chart shows a calculation of buying power equivalence for $300 in 1860 (price index tracking began in 1635). Shows monthly rental rates for 4-room and 6-room tenements. The dollar had an average inflation rate of 0.00% per year between 1859 and 1860, producing a cumulative price increase of 0.00%. Homestead Act at low prices ($1.25 or $2.50 per acre). This 1869 directory shows prices and subscription rates for newspapers in in the U.S. and territories, in Canada and in North American British colonies. The wholesale price more than tripled during the Civil War, from $4.75 per pound in January 1861 to $17.25 in October 1864. Source:University of North Texas Libraries, UNT Digital Library,Special Collections. Our calculations use the following inflation rate formula to calculate the change in value between 1860 and today: Then plug in historical CPI values. $1 in 1800 is equivalent in purchasing power to about $23.74 today, an increase of $22.74 over 223 years. Shows prices for shirtings, sheetings, tickings, cotton flannel, prints, satinets and more. Value of $50 from 1860 to 2022 . This table and charts use the earliest available data for each category. Counties are listed alphabetically; scroll forward to see them all. CPI is the weighted combination of many categories of spending that are tracked by the government. A dollar today only buys 2.774% of what it could buy back then. A dollar today only buys 2.841% of what it could buy back then. The. A dollar today only buys 2.774% of what it could buy back then. Ian Webster is an engineer and data expert based in San Mateo, California. Source: Roundtrip from NYC to England was $260 by the Cunard steamship line, or $150 by the New York & Philadelphia Steam-ship company. When $1 is equivalent to $29.62 over time, that means that the "real value" of a single U.S. dollar decreases over time. The U.S. CPI was 8.3 in the year 1860 and 299.17 in 2023: $25 in 1860 has the same "purchasing power" or "buying power" as $901.11 in 2023. How much was $13 dollars worth in 1863? The U.S. CPI was 8.3 in the year 1860 and 299.17 in 2023: $100 in 1860 has the same "purchasing power" or "buying power" as $3,604.46 in 2023. The 1862 exchange rates (. Both men and women are employed as toy makers, but do not complete the same tasks. The inflation rate in 1862 was 14.77%. Commercial catalog shows prices for coal-burning parlor furnaces, heat radiators, and cook stoves. The dollar had an average inflation rate of 1.43% per year between 1800 and today, producing a cumulative price increase of 2,274.37%. Use the form on this page to perform your own inflation calculation for any year. Ian earned his degree in Computer Science from Dartmouth College. Check, Catalog briefly describes timber land and plantations for sale, with asking prices. (, Shows average value of farmland and buildings by the acre. The inflation rate in 1860 was 0.00%. (, Catalog briefly describes timber land and a plantation for sale, with asking price. Scroll to bottom of page for the . The dollar had an average inflation rate of 2.22% per year between 1860 and today, producing a cumulative price increase of 3,504.46%. According to the diary of Elisha Hunt Rhodes, as a Union Corporal in late 1861 he received $13 per month wages, plus 30 cents per day for rations and 35 cents per day for "extra services" (whatever those are). The inflation rate in 1860 was 0.00%. CPI is the weighted combination of many categories of spending that are tracked by the government. ), Reports wages paid to individual employees in a variety of jobs at selected establishments. Each railroad company reported passenger fare price in cents per mile. Woodward's cottages and farm houses, Rents quoted appear to be for a full year's occupancy. How Much is an Indian Head Penny 1907 Worth? Value of $1 from 1860 to 2023 $1 in 1860 is equivalent in purchasing power to about $36.04 today, an increase of $35.04 over 163 years. After 1865, Iowa -- Haircut, 35 reduced to 25 in March 1866 (, South Carolina --Haircut 35, shave 15 (, Washington DC -- Haircut and shave together,25 (, South Carolina --Haircut 25, shave 15 (. Opium was being purchased by the federal government (Office of Surgeon General, War Department) at, These products induced miscarriage in pregnant women. Inflation data from 1634 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University and from the American Antiquarian Society. Shows makers of glass eyes in the United States and Ireland sell them for $60-$70 per patient, while physicians purchase them for $10-$20. Inflation can also vary widely by country. A Historical Price Index", Cost to travel six months by covered wagon - ca. What is a dollar in 1967 worth today? (, Shows rent for 4-room and 6-room houses. Provides drawings of home exteriors, floor plans, descriptions and estimated, Real estate catalog describes a Brooklyn house for sale for $8000 and a 50-acre farm on Long Island for $5000. Compare these numbers to the US's overall absolute change of $35.04 and total percent change of 3,504.46%. Inflation data from 1634 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University and from the American Antiquarian Society. The U.S. CPI was 8.3 in the year 1860 and 297.711 in 2022: 297.711 8.3 $13 = Compare these numbers to the US's overall absolute change of $22.74 and total percent change of 2,274.37%. How to calculate inflation rate for $13 since 1860 Our calculations use the following inflation rate formula to calculate the change in value between 1860 and today: CPI today CPI in 1860 1860 USD value = Today's value Then plug in historical CPI values. Widely advertised in newspapers and sold by mail-order, they were usually priced at $1 per box. A dollar today only buys 2.774% of what it could buy back then. Phone (573) 882-0748. 2023, https://www.officialdata.org/1860-dollars-in-2017?amount=13. This table and charts use the earliest available data for each category. Read more about inflation and investment. Source: Investigation relative to wages and prices of commodities, This table shows average prices for wheat, rye, barley, and oats in Sweden for 1836 to 1900. The dollar had an average inflation rate of 2.22% per year between 1860 and today, producing a cumulative price increase of 3,504.46%. No, that's not the way. You may use the following MLA citation for this page: $1 in 1800 2023 | Inflation Calculator. Official Inflation Data, Alioth Finance, 20 Feb. 2023, https://www.officialdata.org/us/inflation/1800?amount=1. $1 in 1860 is equivalent in purchasing power to about $36.04 today, an increase of $35.04 over 163 years. Washing was seldom included. Also shows prices for lumber, cement and nails, candles and more. 1867, School teacher wages in major U.S. cities, ca. The dollar had an average inflation rate of 2.16% per year between 1856 and today, producing a cumulative price increase of 3,419.65%. 100,000 in 1860 is equivalent in purchasing power to about 15,556,468.00 today, an increase of 15,456,468.00 over 163 years. Source: Reports hours and wages paid to individual, unnamed blacksmiths, car builders, laborers, painters, sash makers and foremen. The current inflation rate compared to last year is now 6.41%. Shows earnings of male cashiers, clerks and tellers in New York City banks. Each table spans two pages in the book. Source: Falconer's railway, coach, car and steam navigation guide for Ireland. Retail stores could purchase in quantity at a 30% discount off published suggested retail prices. The dollar had an average inflation rate of 0.00% per year between 1859 and 1860, producing a cumulative price increase of 0.00%. See, Shows rental rates in Jewett City and Plainville by the number of rooms. Retail price of men's heavy boots in U.S. Census publication dated 1886, pp. Catalog shows retail prices for cures, tonics, elixirs, antidotes, creams, pills, powders, capsules, etc.