$1,000 in 2024 is worth $1,067.87 today
$1,000 in 2024 has the same buying power as
$1,067.87 in August 2026
That is 7% more, an average inflation rate of 3.14% a year over 2 years.
Put the other way, $1,000 today buys what $936.44 bought in 2024. Cash kept under the mattress since 2024 has lost 6% of its value.
$1,000 from nearby years
| $1,000 in | Worth in August 2026 | Inflation that year |
|---|---|---|
| 2019 | $1,310.27 | 1.8% |
| 2020 | $1,294.30 | 1.2% |
| 2021 | $1,236.23 | 4.7% |
| 2022 | $1,144.62 | 8.0% |
| 2023 | $1,099.37 | 4.1% |
| 2024 | $1,067.87 | 2.9% |
| 2025 | $1,040.49 | 2.6% |
How $1,000 from 2024 grew
$1,000 of 2024 spending, by category
Not everything rose at the same pace. What $1,000 spent on each of these in 2024 costs today:
| Category | Cost in August 2026 |
|---|---|
| Food | $1,061.03 |
| Rent | $1,068.89 |
| Gasoline | $1,216.44 |
| Medical care | $1,051.72 |
| New cars | $1,010.28 |
| College tuition | $1,053.60 |
| Electricity | $1,110.97 |
| Clothing | $1,040.07 |
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Questions
- How much is $1,000 in 2024 worth today?
- $1,000 in 2024 is worth $1,067.87 in August 2026 dollars, according to the U.S. Consumer Price Index.
- How much would I need today to match $1,000 in 2024?
- You would need $1,067.87 to buy what $1,000 bought in 2024. That is 1.07 times as much.
- How much buying power has $1,000 lost since 2024?
- Kept as cash, $1,000 from 2024 buys only what $936.44 of 2024 money bought. It has lost 6% of its buying power.
- What was inflation in 2024?
- Prices rose 2.9% in 2024. Since then the average has been 3.14% a year.
Other amounts from 2024
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