What was money worth in 1901

$1 in 1900 is worth $33.09 today

$1 in 1900 is equivalent in purchasing power to about $33.09 today, an increase of $32.09 over 121 years. The dollar had an average inflation rate of 2.93% per year between 1900 and today, producing a cumulative price increase of 3,208.90%.

Value of $1 from 1910 to 2021

$1 in 1910 is equivalent in purchasing power to about $29.11 today, an increase of $28.11 over 111 years. The dollar had an average inflation rate of 3.08% per year between 1910 and today, producing a cumulative price increase of 2,811.46%.

$10 in 1900 is worth $329.27 today

$10 in 1900 is equivalent in purchasing power to about $329.27 today, an increase of $319.27 over 121 years. The dollar had an average inflation rate of 2.93% per year between 1900 and today, producing a cumulative price increase of 3,192.73%.

$1,000,000 in 1909 is equivalent in purchasing power to about $30,394,395.60 today, an increase of $29,394,395.60 over 112 years. The dollar had an average inflation rate of 3.10% per year between 1909 and today, producing a cumulative price increase of 2,939.44%.

$1,000,000 in 1920 is equivalent in purchasing power to about $13,897,400 today, an increase of $12,897,400.00 over 101 years. The dollar had an average inflation rate of 2.64% per year between 1920 and today, producing a cumulative price increase of 1,289.74%.

$1,000,000 in 1900 is equivalent in purchasing power to about $33,089,047.62 today, an increase of $32,089,047.62 over 121 years. The dollar had an average inflation rate of 2.93% per year between 1900 and today, producing a cumulative price increase of 3,208.90%.

$10 in 1910 is equivalent in purchasing power to about $292.58 today, an increase of $282.58 over 111 years. The dollar had an average inflation rate of 3.09% per year between 1910 and today, producing a cumulative price increase of 2,825.77%.

$5 in 1900 is worth $165.45 today.

$8 in 1900 is worth $264.71 today

$8 in 1900 is equivalent in purchasing power to about $264.71 today, an increase of $256.71 over 121 years. The dollar had an average inflation rate of 2.93% per year between 1900 and today, producing a cumulative price increase of 3,208.90%.

$1 in 1880 is worth $27.25 today

$1 in 1880 is equivalent in purchasing power to about $27.25 today, an increase of $26.25 over 141 years. The dollar had an average inflation rate of 2.37% per year between 1880 and today, producing a cumulative price increase of 2,624.98%.

A $10,000 house in 1890 would be worth almost the same in real dollars in 2010 but more than $350,000 in nominal dollars in 2010.

Value of $0.50 from 1890 to 2021

$0.50 in 1890 is equivalent in purchasing power to about $15.27 today, an increase of $14.77 over 131 years. The dollar had an average inflation rate of 2.64% per year between 1890 and today, producing a cumulative price increase of 2,954.37%.

Housing took most of a workers money in a city. A 2 or 3 room apartment with a coal stove in a tenement could rent from $4-7 per month to $8-10 per month. It had no bath or toilet. Housing in a better neighborhood could cost $25-60 per month.

In 1940, nearly two decades before both Hawaii and Alaska received statehood in 1959, the median monthly gross rent across the United States was $27. Adjusted for inflation, that’s $501.09 today. For comparison, the median monthly gross rent in 2000 was $602, equivalent to $920.02 now.

The Model-T (the first cheap car) cost $850 in 1908. When you adjust for inflation, that is about $22000 now. However, it must be added that the cost of that dwindled to $260 by 1920 (about $3500 now)[2].

Minimum wage was set at 25 cents an hour, which works out to about $4 per hour in today’s money. That minimum wage was introduced as part of the Fair Labor Standards Act (FLSA).

In 1900 a car, then hand-made, cost over $1,000. Henry Ford’s original Model-T, introduced in 1908, cost $850, but by 1924 only $265: he was using an assembly line, and, in virtuous circle, was also selling far more cars. Over the century, the real price of a car fell by 50%.