Seven Ways to Compute the Relative Value of a U.S. Dollar Amount - 1774 to Present
In 2012, the relative worth of $30.00 from 1854 is:
|$846.00||using the Consumer Price Index|
|$613.00||using the GDP deflator|
|$5,910.00||using the unskilled wage|
|$12,000.00||using the Production Worker Compensation|
|$11,200.00||using the nominal GDP per capita|
|$131,000.00||using the relative share of GDP|
Data for consumer bundle only starts in 1900.
If you need help/ determining which result is most appropriate for you, see Choosing the Best Indicator to Measure Relative Worth.
Samuel H. Williamson, "Seven Ways to Compute the Relative Value of a U.S. Dollar Amount, 1774 to present," MeasuringWorth, April .
Please let us know if and how this discussion has assisted you in using our calculators.