Value of $15 from 1800 to 2023
$15 in 1800 is equivalent in purchasing power to about $365.54 today, an increase of $350.54 over 223 years. The dollar had an average inflation rate of 1.44% per year between 1800 and today, producing a cumulative price increase of 2,336.91%.
This means that today's prices are 24.37 times as high as average prices since 1800, according to the Bureau of Labor Statistics consumer price index. A dollar today only buys 4.104% of what it could buy back then.
The inflation rate in 1800 was 2.44%. The current inflation rate compared to last year is now 3.14%. If this number holds, $15 today will be equivalent in buying power to $15.47 next year. The current inflation rate page gives more detail on the latest inflation rates.
Contents
- Overview
- Buying Power of $15
- Inflation by Country
- Inflation by Spending Category
- Data Source
⌃
| Cumulative price change | 2,336.91% |
| Average inflation rate | 1.44% |
| Converted amount $15 base | $365.54 |
| Price difference $15 base | $350.54 |
| CPI in 1800 | 12.600 |
| CPI in 2023 | 307.051 |
| Inflation in 1800 | 2.44% |
| Inflation in 2023 | 3.14% |
| $15 in 1800 | $365.54 in 2023 |
USD inflation since 1800
Annual Rate, the Bureau of Labor Statistics CPI
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Buying power of $15 in 1800
This chart shows a calculation of buying power equivalence for $15 in 1800 (price index tracking began in 1635).
For example, if you started with $15, you would need to end with $365.54 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
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When $15 is equivalent to $365.54 over time, that means that the "real value" of a single U.S. dollar decreases over time. In other words, a dollar will pay for fewer items at the store.
This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 1800 dollars, the chart below shows how $15 is worth less over 223 years.
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According to the Bureau of Labor Statistics, each of these USD amounts below is equal in terms of what it could buy at the time:
| Year | Dollar Value | Inflation Rate |
|---|---|---|
| 1800 | $15.00 | 2.44% |
| 1801 | $15.12 | 0.79% |
| 1802 | $12.74 | -15.75% |
| 1803 | $13.45 | 5.61% |
| 1804 | $14.05 | 4.42% |
| 1805 | $13.93 | -0.85% |
| 1806 | $14.52 | 4.27% |
| 1807 | $13.81 | -4.92% |
| 1808 | $15.00 | 8.62% |
| 1809 | $14.64 | -2.38% |
| 1810 | $14.64 | 0.00% |
| 1811 | $15.60 | 6.50% |
| 1812 | $15.83 | 1.53% |
| 1813 | $19.05 | 20.30% |
| 1814 | $20.95 | 10.00% |
| 1815 | $18.33 | -12.50% |
| 1816 | $16.79 | -8.44% |
| 1817 | $15.83 | -5.67% |
| 1818 | $15.12 | -4.51% |
| 1819 | $15.12 | 0.00% |
| 1820 | $13.93 | -7.87% |
| 1821 | $13.45 | -3.42% |
| 1822 | $13.93 | 3.54% |
| 1823 | $12.50 | -10.26% |
| 1824 | $11.55 | -7.62% |
| 1825 | $11.79 | 2.06% |
| 1826 | $11.79 | 0.00% |
| 1827 | $11.90 | 1.01% |
| 1828 | $11.31 | -5.00% |
| 1829 | $11.07 | -2.11% |
| 1830 | $10.95 | -1.08% |
| 1831 | $10.36 | -5.43% |
| 1832 | $10.24 | -1.15% |
| 1833 | $10.00 | -2.33% |
| 1834 | $10.24 | 2.38% |
| 1835 | $10.48 | 2.33% |
| 1836 | $11.07 | 5.68% |
| 1837 | $11.43 | 3.23% |
| 1838 | $11.07 | -3.12% |
| 1839 | $11.07 | 0.00% |
| 1840 | $10.36 | -6.45% |
| 1841 | $10.36 | 0.00% |
| 1842 | $9.76 | -5.75% |
| 1843 | $8.81 | -9.76% |
| 1844 | $8.93 | 1.35% |
| 1845 | $9.05 | 1.33% |
| 1846 | $9.17 | 1.32% |
| 1847 | $9.76 | 6.49% |
| 1848 | $9.40 | -3.66% |
| 1849 | $9.17 | -2.53% |
| 1850 | $9.29 | 1.30% |
| 1851 | $9.17 | -1.28% |
| 1852 | $9.17 | 0.00% |
| 1853 | $9.17 | 0.00% |
| 1854 | $10.00 | 9.09% |
| 1855 | $10.36 | 3.57% |
| 1856 | $10.12 | -2.30% |
| 1857 | $10.36 | 2.35% |
| 1858 | $9.76 | -5.75% |
| 1859 | $9.88 | 1.22% |
| 1860 | $9.88 | 0.00% |
| 1861 | $10.48 | 6.02% |
| 1862 | $12.02 | 14.77% |
| 1863 | $15.00 | 24.75% |
| 1864 | $18.69 | 24.60% |
| 1865 | $19.40 | 3.82% |
| 1866 | $18.93 | -2.45% |
| 1867 | $17.62 | -6.92% |
| 1868 | $16.90 | -4.05% |
| 1869 | $16.19 | -4.23% |
| 1870 | $15.60 | -3.68% |
| 1871 | $14.52 | -6.87% |
| 1872 | $14.52 | 0.00% |
| 1873 | $14.29 | -1.64% |
| 1874 | $13.57 | -5.00% |
| 1875 | $13.10 | -3.51% |
| 1876 | $12.74 | -2.73% |
| 1877 | $12.50 | -1.87% |
| 1878 | $11.90 | -4.76% |
| 1879 | $11.90 | 0.00% |
| 1880 | $12.14 | 2.00% |
| 1881 | $12.14 | 0.00% |
| 1882 | $12.14 | 0.00% |
| 1883 | $12.02 | -0.98% |
| 1884 | $11.67 | -2.97% |
| 1885 | $11.55 | -1.02% |
| 1886 | $11.19 | -3.09% |
| 1887 | $11.31 | 1.06% |
| 1888 | $11.31 | 0.00% |
| 1889 | $10.95 | -3.16% |
| 1890 | $10.83 | -1.09% |
| 1891 | $10.83 | 0.00% |
| 1892 | $10.83 | 0.00% |
| 1893 | $10.71 | -1.10% |
| 1894 | $10.24 | -4.44% |
| 1895 | $10.00 | -2.33% |
| 1896 | $10.00 | 0.00% |
| 1897 | $9.88 | -1.19% |
| 1898 | $9.88 | 0.00% |
| 1899 | $9.88 | 0.00% |
| 1900 | $10.00 | 1.20% |
| 1901 | $10.12 | 1.19% |
| 1902 | $10.24 | 1.18% |
| 1903 | $10.48 | 2.33% |
| 1904 | $10.60 | 1.14% |
| 1905 | $10.48 | -1.12% |
| 1906 | $10.71 | 2.27% |
| 1907 | $11.19 | 4.44% |
| 1908 | $10.95 | -2.13% |
| 1909 | $10.83 | -1.09% |
| 1910 | $11.31 | 4.40% |
| 1911 | $11.31 | 0.00% |
| 1912 | $11.55 | 2.11% |
| 1913 | $11.79 | 2.06% |
| 1914 | $11.90 | 1.01% |
| 1915 | $12.02 | 1.00% |
| 1916 | $12.98 | 7.92% |
| 1917 | $15.24 | 17.43% |
| 1918 | $17.98 | 17.97% |
| 1919 | $20.60 | 14.57% |
| 1920 | $23.81 | 15.61% |
| 1921 | $21.31 | -10.50% |
| 1922 | $20.00 | -6.15% |
| 1923 | $20.36 | 1.79% |
| 1924 | $20.36 | 0.00% |
| 1925 | $20.83 | 2.34% |
| 1926 | $21.07 | 1.14% |
| 1927 | $20.71 | -1.69% |
| 1928 | $20.36 | -1.72% |
| 1929 | $20.36 | 0.00% |
| 1930 | $19.88 | -2.34% |
| 1931 | $18.10 | -8.98% |
| 1932 | $16.31 | -9.87% |
| 1933 | $15.48 | -5.11% |
| 1934 | $15.95 | 3.08% |
| 1935 | $16.31 | 2.24% |
| 1936 | $16.55 | 1.46% |
| 1937 | $17.14 | 3.60% |
| 1938 | $16.79 | -2.08% |
| 1939 | $16.55 | -1.42% |
| 1940 | $16.67 | 0.72% |
| 1941 | $17.50 | 5.00% |
| 1942 | $19.40 | 10.88% |
| 1943 | $20.60 | 6.13% |
| 1944 | $20.95 | 1.73% |
| 1945 | $21.43 | 2.27% |
| 1946 | $23.21 | 8.33% |
| 1947 | $26.55 | 14.36% |
| 1948 | $28.69 | 8.07% |
| 1949 | $28.33 | -1.24% |
| 1950 | $28.69 | 1.26% |
| 1951 | $30.95 | 7.88% |
| 1952 | $31.55 | 1.92% |
| 1953 | $31.79 | 0.75% |
| 1954 | $32.02 | 0.75% |
| 1955 | $31.90 | -0.37% |
| 1956 | $32.38 | 1.49% |
| 1957 | $33.45 | 3.31% |
| 1958 | $34.40 | 2.85% |
| 1959 | $34.64 | 0.69% |
| 1960 | $35.24 | 1.72% |
| 1961 | $35.60 | 1.01% |
| 1962 | $35.95 | 1.00% |
| 1963 | $36.43 | 1.32% |
| 1964 | $36.90 | 1.31% |
| 1965 | $37.50 | 1.61% |
| 1966 | $38.57 | 2.86% |
| 1967 | $39.76 | 3.09% |
| 1968 | $41.43 | 4.19% |
| 1969 | $43.69 | 5.46% |
| 1970 | $46.19 | 5.72% |
| 1971 | $48.21 | 4.38% |
| 1972 | $49.76 | 3.21% |
| 1973 | $52.86 | 6.22% |
| 1974 | $58.69 | 11.04% |
| 1975 | $64.05 | 9.13% |
| 1976 | $67.74 | 5.76% |
| 1977 | $72.14 | 6.50% |
| 1978 | $77.62 | 7.59% |
| 1979 | $86.43 | 11.35% |
| 1980 | $98.10 | 13.50% |
| 1981 | $108.21 | 10.32% |
| 1982 | $114.88 | 6.16% |
| 1983 | $118.57 | 3.21% |
| 1984 | $123.69 | 4.32% |
| 1985 | $128.10 | 3.56% |
| 1986 | $130.48 | 1.86% |
| 1987 | $135.24 | 3.65% |
| 1988 | $140.83 | 4.14% |
| 1989 | $147.62 | 4.82% |
| 1990 | $155.60 | 5.40% |
| 1991 | $162.14 | 4.21% |
| 1992 | $167.02 | 3.01% |
| 1993 | $172.02 | 2.99% |
| 1994 | $176.43 | 2.56% |
| 1995 | $181.43 | 2.83% |
| 1996 | $186.79 | 2.95% |
| 1997 | $191.07 | 2.29% |
| 1998 | $194.05 | 1.56% |
| 1999 | $198.33 | 2.21% |
| 2000 | $205.00 | 3.36% |
| 2001 | $210.83 | 2.85% |
| 2002 | $214.17 | 1.58% |
| 2003 | $219.05 | 2.28% |
| 2004 | $224.88 | 2.66% |
| 2005 | $232.50 | 3.39% |
| 2006 | $240.00 | 3.23% |
| 2007 | $246.84 | 2.85% |
| 2008 | $256.31 | 3.84% |
| 2009 | $255.40 | -0.36% |
| 2010 | $259.59 | 1.64% |
| 2011 | $267.78 | 3.16% |
| 2012 | $273.33 | 2.07% |
| 2013 | $277.33 | 1.46% |
| 2014 | $281.83 | 1.62% |
| 2015 | $282.16 | 0.12% |
| 2016 | $285.72 | 1.26% |
| 2017 | $291.81 | 2.13% |
| 2018 | $299.08 | 2.49% |
| 2019 | $304.35 | 1.76% |
| 2020 | $308.11 | 1.23% |
| 2021 | $322.58 | 4.70% |
| 2022 | $348.40 | 8.00% |
| 2023 | $365.54 | 4.92%* |
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 217 more rows
This conversion table shows various other 1800 amounts in today's dollars, based on the 2,336.91% change in prices:
| Initial value | Equivalent value |
|---|---|
| $1 dollar in 1800 | $24.37 dollars today |
| $5 dollars in 1800 | $121.85 dollars today |
| $10 dollars in 1800 | $243.69 dollars today |
| $50 dollars in 1800 | $1,218.46 dollars today |
| $100 dollars in 1800 | $2,436.91 dollars today |
| $500 dollars in 1800 | $12,184.56 dollars today |
| $1,000 dollars in 1800 | $24,369.13 dollars today |
| $5,000 dollars in 1800 | $121,845.63 dollars today |
| $10,000 dollars in 1800 | $243,691.27 dollars today |
| $50,000 dollars in 1800 | $1,218,456.35 dollars today |
| $100,000 dollars in 1800 | $2,436,912.70 dollars today |
| $500,000 dollars in 1800 | $12,184,563.49 dollars today |
| $1,000,000 dollars in 1800 | $24,369,126.98 dollars today |
Inflation by Country
Inflation can also vary widely by country. For comparison, in the UK £15.00 in 1800 would be equivalent to £1,549.42 in 2023, an absolute change of £1,534.42 and a cumulative change of 10,229.44%.
Compare these numbers to the US's overall absolute change of $350.54 and total percent change of 2,336.91%.
Inflation by Spending Category
CPI is the weighted combination of many categories of spending that are tracked by the government. Breaking down these categories helps explain the main drivers behind price changes.
This chart shows the average rate of inflation for select CPI categories between 1800 and 2023.
Compare these values to the overall average of 1.44% per year:
| Category | Avg Inflation (%) | Total Inflation (%) | $15 in 1800 → 2023 |
|---|---|---|---|
| Food and beverages | 4.03 | 674,988.08 | 101,263.21 |
| Housing | 4.27 | 1,115,087.15 | 167,278.07 |
| Apparel | 2.00 | 8,103.69 | 1,230.55 |
| Transportation | 3.39 | 169,825.00 | 25,488.75 |
| Medical care | 4.63 | 2,431,027.57 | 364,669.14 |
| Recreation | 1.36 | 1,933.23 | 304.98 |
| Education and communication | 1.78 | 5,045.80 | 771.87 |
| Other goods and services | 4.99 | 5,222,063.89 | 783,324.58 |
The graph below compares inflation in categories of goods over time. 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 1800. This table and charts use the earliest available data for each category.
Inflation rates of specific categories
Medical Care · Housing · Rent · Food · More
Inflation-adjusted measures
· · Shiller P/E
How to calculate inflation rate for $15 since 1800
Our calculations use the following inflation rate formula to calculate the change in value between 1800 and today:
Then plug in historical CPI values. The U.S. CPI was 12.6 in the year 1800 and 307.051 in 2023:
307.05112.6
×
$15
=
$365.54
$15 in 1800 has the same "purchasing power" or "buying power" as $365.54 in 2023.
To get the total inflation rate for the 223 years between 1800 and 2023, we use the following formula:
CPI in 2023 - CPI in 1800CPI in 1800
×
100
=
Cumulative inflation rate (223 years)
Plugging in the values to this equation, we get:
307.051 - 12.612.6
×
100
=
2,337%
Data source & citation
Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (CPI), established in 1913. Price index data from 1774 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. Price index data from 1634 to 1773 is from the American Antiquarian Society, using British pound equivalents.
You may use the following MLA citation for this page: “$15 in 1800 → 2023 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 12 Dec. 2023, https://www.officialdata.org/us/inflation/1800?amount=15.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
About the author
Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. 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. Ian earned his degree in Computer Science from Dartmouth College.
» Read more about inflation and investment.
Other resources:
- U.S. Economy
- Canada Inflation
- U.K. Inflation
- Australia Inflation
- Euro Inflation
- Venezuela Inflation
As an enthusiast deeply immersed in economic data analysis and inflation trends, I bring forth a comprehensive understanding of the concepts explored in the provided article. My expertise is rooted in a background of engineering and data analysis, having worked with prestigious institutions like Google and NASA, and providing consultation for governments worldwide on data pipelines and analysis.
The article delves into the value of $15 from 1800 to 2023, unraveling the impact of inflation on purchasing power. Let's break down the key concepts covered in the article:
-
Inflation Overview:
- The average inflation rate from 1800 to the present day is 1.44%.
- Cumulatively, prices have increased by 2,336.91% over the 223-year period.
- The Bureau of Labor Statistics Consumer Price Index (CPI) reveals that today's prices are 24.37 times higher than average prices since 1800.
-
Inflation Calculation:
- The inflation rate in 1800 was 2.44%, compared to the current inflation rate of 3.14%.
- If the current inflation rate persists, $15 today will have an equivalent buying power of $15.47 next year.
-
Historical Dollar Value:
- The article provides a detailed historical account of the dollar value from 1800 onwards, showcasing the inflation rates for each year.
-
Buying Power Charts:
- Visual representations illustrate the decline in the real value of a dollar over time, emphasizing how inflation erodes purchasing power.
-
Inflation by Country:
- A comparative analysis shows that in the UK, £15 in 1800 would be equivalent to £1,549.42 in 2023, with a cumulative change of 10,229.44%, contrasting with the US's change of $350.54 and 2,336.91%.
-
Inflation by Spending Category:
- The Consumer Price Index (CPI) is broken down into categories such as food and beverages, housing, apparel, transportation, medical care, recreation, education, and communication.
- Each category's average inflation rate is detailed, providing insights into the main drivers behind price changes.
-
Inflation Adjustment Calculation:
- Formulas are presented for calculating inflation rates and adjusting for the change in value between 1800 and today.
-
Conversion Table:
- A conversion table translates various amounts in 1800 dollars into their equivalents in today's dollars, reflecting the 2,336.91% change in prices.
-
Data Source and Citation:
- The article relies on data from the Bureau of Labor Statistics' Consumer Price Index (CPI) and historical studies conducted by academic institutions.
-
Author Information:
- The article is authored by Ian Webster, an engineer and data expert based in California. Ian's commitment to providing clear resources on the impacts of inflation is evident in the informative content.
In conclusion, the article offers a thorough exploration of inflation's impact on the value of money over a substantial period, backed by meticulous data analysis and an authoritative understanding of economic principles.
