$100 in 1964 is worth $1,012 in 2024,
because prices increased 911.9% over that period, an average of
3.93% a year.
$100 in 1964 has
the same buying power as
$1,012
in 2024
Detailed inflation statistics
Cumulative price change
911.9%
Average inflation rate
3.93% per year
Converted amount ($100 base)
$1,012
Price difference ($100 base)
$912
CPI in 1964
31
CPI in 2024
313.689
Inflation in 1964
1.31%
Inflation in 2024
2.95%
$100 in 1964 → 2024
$1,012
$100 in 2024 → 1964
$9.88
What happened to prices between 1964 and 2024
Between 1964 and 2024, the Consumer Price Index went from 31 to 313.689.
Cumulatively, prices increased 911.9%, which works out to an average of
3.93% per year. Put differently, a dollar in 1964 bought what
$0.10 buys in 2024: the 1964 dollar
lost 90.1% of its purchasing power over
these 60 years.
Consumer prices rose 1.3% in 1964, matching 1963’s pace
even as a large federal tax cut took effect that year. The Revenue Act of
1964, signed February 26, lowered individual and corporate tax rates
significantly, the cut Kennedy had proposed the year before his death and
Johnson pushed through Congress as a Keynesian bet that lower taxes would
spur enough growth without stoking prices. Congress reshaped civil rights
law that July 2, when the Civil Rights Act of 1964 outlawed discrimination
based on race, color, religion, sex, and national origin in employment
and public accommodations, the most sweeping civil rights legislation
since Reconstruction. Vietnam policy shifted that August, when Congress
passed the Gulf of Tonkin Resolution after reported attacks on U.S. Navy
destroyers, authorizing Johnson to use military force in Vietnam without
a formal declaration of war. American pop culture changed that February
too: the Beatles landed at New York’s Kennedy Airport and played the Ed
Sullivan Show two days later for an estimated 73 million viewers,
igniting the “British Invasion.” Consumer prices finished 1964 213.1%
above their 1913 level. First-class postage held at 5
cents, and the minimum wage stayed at $1.25 an hour.
Every 1964 amount converts to 2024 at the same ratio, 10.12: $1,000 becomes
$10,119, and $10,000 becomes $101,190.
Amount in 1964
Value in 2024
$1.00
$10.12
$5.00
$50.60
$10.00
$101
$20.00
$202
$50.00
$506
$100
$1,012
$500
$5,060
$1,000
$10,119
$5,000
$50,595
$10,000
$101,190
$100,000
$1,011,900
$1,000,000
$10,119,000
Inflation by spending category, 1964–2024
Between 1964 and 2024, medical care rose the most, up 2192.0%, while apparel rose the least, up 178.0%, against 911.9% for all items. The headline number is an average; here is what $100 of 1964
spending costs in 2024, by category:
Category
Avg. yearly inflation
$100 in 1964 →
All items (CPI-U)
3.93%
$1,012
Medical care
5.36%
$2,292
Energy
4.29%
$1,242
Food
3.99%
$1,048
Core (all items less food & energy)
3.89%
$988
Transportation
3.66%
$862
Apparel
1.72%
$278
Not shown because the BLS began these indexes after 1964: housing (1967–), recreation (1993–), education & communication (1993–).
Decade by decade: 1964 to 2024
Prices climbed fastest in the 1970s, averaging 7.82% a year, and slowest in the 2010s (1.73% a year). Each step below chains into the full 1964–2024 change:
Years
Avg. yearly inflation
Price change
$100 from 1964, at end
1964–1970
3.81%
25.2%
$125
1970–1980
7.82%
112.4%
$266
1980–1990
4.72%
58.6%
$422
1990–2000
2.80%
31.8%
$555
2000–2010
2.39%
26.6%
$703
2010–2020
1.73%
18.7%
$835
2020–2024
4.93%
21.2%
$1,012
Year by year: CPI and the value of $100 from 1964
$100 from 1964 had already become $478 by
1994, on its way to $1,012 in 2024; each row shows the CPI, that
year's inflation rate, and the running value.
Within the span, inflation peaked at 13.5% in 1980, and prices fell 0.4% in 2009, the deepest deflation of the period.
Long periods are sampled every 2 years; the calculator above covers any pair of years.
The destination year: 2024
In 2024, prices rose 2.9% and $100 from 1964 had the buying
power of $1,012; the year's average CPI of 313.689 is the level
behind every 2024 figure on this page.
2024 brought inflation close to normal without fully reaching it. Consumer
prices rose 2.9% on average, the smallest yearly increase since 2020, and the
December-to-December rate was also 2.9%. Gasoline averaged $3.30 a gallon,
below 2023’s $3.52. Shelter stayed the biggest driver of the index, so the
pace of price growth in categories that households can’t easily avoid, such as
rent and insurance, lagged the drop in goods and energy costs.
The Federal Reserve declared progress in September, cutting its policy rate
by half a point, the first reduction since the pandemic emergency, and then
by a quarter point in November and again in December. Mortgage rates near 7%
kept the housing market frozen for many would-be buyers.
Median household income was $83,730, the federal minimum wage stayed at $7.25,
and a first-class stamp rose to 73 cents in July. After the November election,
attention turned to how announced tariffs and tax policy might affect prices
in 2025.
MLA: “Inflation from 1964 to 2024: $100 is worth $1,012 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1964-to-2024/
APA: InflationCalculator.com. Inflation from 1964 to 2024. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1964-to-2024/