CPI Inflation Calculator estimates $40,000 in 1837 would be worth $1,301,383.33 today.

Date
2024
Type
Website
Source
CPI Inflation Calculator
Non-LDS
Hearsay
Direct
Reference

"$40,000 in 1837 is worth $1,301,383.33 today," CPI Inflation Calculator, accessed May 3, 2024

Scribe/Publisher
CPI Inflation Calculator
People
CPI Inflation Calculator
Audience
Internet Public
PDF
Transcription

Value of $40,000 from 1837 to 2024

$40,000 in 1837 is equivalent in purchasing power to about $1,301,383.33 today, an increase of $1,261,383.33 over 187 years. The dollar had an average inflation rate of 1.88% per year between 1837 and today, producing a cumulative price increase of 3,153.46%.

Citations in Mormonr Qnas
Copyright © B. H. Roberts Foundation
The B. H. Roberts Foundation is not owned by, operated by, or affiliated with the Church of Jesus Christ of Latter-day Saints.