Breakouts by U.S. region. A dollar today only buys 2.774% of what it could buy back then. Click "more" for direct links to each state, then scroll forward several pages to see the animal prices. Source: Fare from Sacramento to St. Joseph MO was $155. This chart shows a calculation of buying power equivalence for $13 in 1860 (price index tracking began in 1635). Read more about inflation and investment. This chart shows the average rate of inflation for select CPI categories between 1800 and 2023. Our site focuses on retail rather than wholesale prices, but it can be a challenge to find retail prices during the Civil War. This chart shows the average rate of inflation for select CPI categories between 1860 and 2023. 33, p. 157. The current inflation rate page gives more detail on the latest inflation rates. $15,000,000 in 1800 is equivalent in purchasing power to about $326,559,523.81 today, an increase of $311,559,523.81 over 221 years. Government report shows prices of bread, oats, potatoes and beef at Dublin for each year from 1864-1869. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Breaking down these categories helps explain the main drivers behind price changes. The 1860 inflation rate is lower compared to the average inflation rate of 2.22% per year between 1860 and 2023. The U.S. CPI was 10.1 in the year 1862 and 299.17 in 2023: $1 in 1862 has the same "purchasing power" or "buying power" as $29.62 in 2023. Compare these numbers to the US's overall absolute change of $876.11 and total percent change of 3,504.46%. How much was $50 1860? For comparison, in the UK 1.00 in 1856 would be equivalent to 137.79 in 2023, an absolute change of 136.79 and a cumulative change of 13,678.59%. Read more about inflation and investment. This publication show the salary paid to a reverend who served in Candia, NH from 1859-1864. Compare these numbers to the US's overall absolute change of $35.04 and total percent change of 3,504.46%. If this number holds, $13 today will be equivalent in buying power to $13.83 next year. (, Prices for improved and unimproved land. This table and charts use the earliest available data for each category. "75 Years of American Finance: A Graphic Presentation 1861-1935" The dollar had an average inflation rate of 2.20% per year between 1860 and today, producing a cumulative price increase of 3,232.40%. Source: Source: 1872 Report of Commissioners on Bureau of Labor Statistics to the [New Hampshire] Legislature, pages 48-51 focus on. Source: Congressional report, Shows the average monthly salaries of teachers by county in California as well as various metrics on each county's school. 1867, California teacher wages - statewide averages, 1861, California teacher salaries by county, 1862, California teacher wages - statewide averages, 1862-1863, California teacher wages - statewide averages, 1866 and 1867, Minnesota school teacher wages by county and sex, 1862, Missouri teacher salaries by county and sex, 1860 and 1868, Servants, female - Wages in western territories,1869, Wages by occupation and sex, 1840-1891 (not averaged), Wages by occupation - San Francisco, 1869, County officer and judicial salaries - California, 1867, Railroad car and ship building wages (not averaged) - Delaware, 1864-1891, School teacher pay by sex - Illinois, 1855-1874, Massachusetts - Wages by occupation, 1860-1897, Massachusetts wages in manufacturing industries, 1860, Wages by occupation and sex - Massachusetts, 1840-1891 (not averaged), The Woolbox: Monthly Bulletin of the Missouri State Board of Agriculture, Logging industry wages in Minnesota, 1868 season, Building trade wages in New York City suburbs, 1869, Wages by occupation and sex - New York, 1840-1891 (not averaged), Fire department wages in Cleveland Ohio, 1864-1865, Wages by occupation in Oregon and Washington, 1862, Great Britain or England - Wages by occupation, late 1860s, Great Britain - Wages compared to Massachusetts, 1860-1883, Working class wages in England, Scotland and Ireland, ca. The economy of Scotland is an open mixed economy which, in 2020, had an estimated nominal gross domestic product (GDP) of $205 billion including oil and gas extraction in Scottish waters. This chart shows the average rate of inflation for select CPI categories between 1856 and 2023. $1,000,000 in 1800 is worth $22,817,777.78 today A laborer could earn $2 per day; a plasterer could earn $5.50 per day. This means that today's prices are 36.04 times as high as average prices since 1860, according to the Bureau of Labor Statistics consumer price index. Shows salaries for sheriff, judge, district attorney, coroner, recorder, clerk, assessor, treasurer, surveyor, public administrator, township officials, etc. This means that today's prices are 36.04 times as high as average prices since 1860, according to the Bureau of Labor Statistics consumer price index. 4-12. Special thanks to QuickChart for their chart image API, which is used for chart downloads. The dollar had an average inflation rate of 2.22% per year between 1860 and today, producing a cumulative price increase of 3,383.24%. Compare these numbers to the US's overall absolute change of $10,513.37 and total percent change of 3,504.46%. Prices of food products (meat, vegetables, dairy), tobacco, soap, candles, salt, wine, rum, whiskey, brandy, and more. The dollar had an average inflation rate of 1.43% per year between 1800 and today, producing a cumulative price increase of 2,274.37%. Source: Congressional report. If this number holds, $1 today will be equivalent in buying power to $1.06 next year. Free shipping for many products! Also includes price of molasses and syrup. The current inflation rate compared to last year is now 6.41%. If this number holds, $25 today will be equivalent in buying power to $26.60 next year. Also shows prices for lumber, cement and nails, candles and more. 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 1862. According to Alexander Majors' own memoir, the cost to transport a letter on the Pony Express was $5.00 in gold for each half ounce. Source: 11th Biennial report of the Illinois Supt of Public Instruction, p. 456. $408,000 Last Sold Price. How much was 50$ worth in 1860? This U.S. Bureau of Statistics publication also shows the value of crop sales by county. Shows the average weekly cash wages of ordinary labor on 33 farms throughout England and Wales (. Average prices for food and commodities. Average prices for various foods, provisions, fuels, dry goods, boots, rent and board. The dollar had an average inflation rate of 2.22% per year between 1860 and today, producing a cumulative price increase of 3,504.46%. A price list prepared by the Confederate military authorities declared the price they would pay in Virginia for food, supplies, animals and other materials needed for the war. 244-255. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Find the price of various qualities of land in the description under each county. 18 published in 1898. Ft. 143 Paradas Pl, St Augustine, FL 32092. How much was a 100 dollars worth in 1860? Value of $12 from 1865 to 2021. Nearby homes similar to 3503 Sanddollar Ct have recently sold between $288K to $590K at an average of $270 per square foot. The dollar had an average inflation rate of 2.22% per year between 1860 and today, producing a cumulative price increase of 3,504.46%. Newspaper advertisement shows reduced fares: $19 to Philadelphia; $20 to New York City; $23 to Boston. Our calculations use the following inflation rate formula to calculate the change in value between 1860 and today: Then plug in historical CPI values. $100 in 1860 is equivalent in purchasing power to about $3,604.46 today, an increase of $3,504.46 over 163 years. You may use the following MLA citation for this page: $1 in 1859 1860 | Inflation Calculator. Official Inflation Data, Alioth Finance, 21 Feb. 2023, https://www.officialdata.org/1859-dollars-in-1860?amount=1. 2023, https://www.officialdata.org/1860-dollars-in-2017?amount=25. They would also transport bodies as described in this 1862 publication. Advertisement in Cedar Falls Gazette newspaper. Shows both men's and women's occupations. Source: Mass. Ian Webster is an engineer and data expert based in San Mateo, California. This means that today's prices are 36.04 times as high as average prices since 1860, according to the Bureau of Labor Statistics consumer price index. . Value of $1 from 1862 to 2023 $1 in 1862 is equivalent in purchasing power to about $29.62 today, an increase of $28.62 over 161 years. Our calculations use the following inflation rate formula to calculate the change in value between 1860 and today: Then plug in historical CPI values. An "emigrant rate" (third class) ticket from New York City to Chicago cost $11 in 1863. 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 1860. is $ today. See prices it paid in an appendix of. Please cite as follows: Eric W. Nye, Pounds Sterling to Dollars: Historical Conversion of Currency, accessed , https://www.uwyo.edu/numimage/currency.htm. Shows prices for shirtings, sheetings, tickings, cotton flannel, prints, satinets and more. This U.S. Treasury document shows prices for each month as well as, The retail price for milk delivery was 6 cents per quart in NYC. Source: Shows prices of carriages, buggies and surreys (p. 14) as well as. Shows the average retail price of flour, meat, cheese, sugar, coffee, tea, etc. Shows monthly rental rates for 4-room and 6-room tenements. The US dollar experienced two percent inflation on average in 2010. Reviews the changes in wages for farm labor in France, giving earnings for various years from 1788 to 1862. Floor plans in: Annual Rate, the Bureau of Labor Statistics CPI. Breaking down these categories helps explain the main drivers behind price changes. Annual Rate, the Bureau of Labor Statistics CPI. A dollar today only buys 2.774% of what it could buy back then. CPI is the weighted combination of many categories of spending that are tracked by the government. You may use the following MLA citation for this page: $13 in 1860 2023 | Inflation Calculator. Official Inflation Data, Alioth Finance, 4 Mar. However, rare and vintage stamps from the 1940s, 1950s and 1960s can be worth more, especially if they are in mint condition. This source does not provide salary averages. (, This table spans pages 104-105 in the book and 1860s rent data falls on, Catalog shows prices for coal mines and timber land in Kentucky. In other words, a dollar will pay for fewer items at the store. $1,000,000 in 1860 is equivalent in purchasing power to about $33,323,975.90 today, an increase of $32,323,975.90 over 161 years. Should soldiers desire to procure more expensive arms and legs, the maximum price for each will be allowed in part payment.". Source: U.S. BLS Bulletin no. Lists prices of wheat, bread, wine, beef, pork, butter and rice. 1865, Horses - Average price per head, 1867-1920, Railroad passenger fares by RR company, 1850-1897, Railroad passenger fares for lines in Pennsylvania - 1861, Emigrant price for RR ticket from NYC to Chicago, 1863, Railroad ticket price from Chicago to eastern cities, 1868, New York City to Tennessee - Route and rates, 1868, Stagecoach fares in western states, Summer 1865, New York to California - Steamship fare, 1865, New York to England - Steamship fare, 1865, Transportation prices from New York, 1865, Transportation rates in western states, 1865, San Francisco fares to other cities and countries, 1869, Retail prices before and after the Civil War - New England states, Food prices by U.S. region, state and territory, 1869, Provision and grocery prices - Alabama, 1867-1874, Grocery and provision prices - Arkansas, 1867 and 1869, Grocery and provision prices - Arizona, 1867 and 1869, Food and alcohol prices - San Francisco, 1863, Grocery and provision prices - California, 1867 and 1869, Grocery and provision prices - Colorado, 1867 and 1869, Grocery and provision prices - Connecticut, 1867 and 1869, Coffee, tea and sugar prices - Connecticut towns, 1860s, Retail food prices - Connecticut towns, 1851-1880, Grocery and provision prices - Dakota Territory, 1867 and 1869, Grocery and provision prices - Delaware, 1867 and 1869, Coffee, tea and sugar prices - Jacksonville FL, 1866-1880, Retail food prices - Jacksonville FL, 1866-1880, Grocery and provision prices - Georgia, 1867 and 1869, Grocery and provision prices - Iowa, 1867 and 1869, Coffee, tea and sugar prices - Cedar Rapids IA, 1860s, Grocery and provision prices - Idaho, 1867 and 1869, Grocery and provision prices - Illinois, 1867 and 1869, Retail food prices - Illinois, 1850s-1870s, Coffee, tea and sugar prices - Illinois towns, 1860s, Grain prices - McLean County Illinois, 1831-1860, Grocery and provision prices - Indiana, 1867 and 1869, Coffee, tea and sugar prices - Lawrenceburg IN, 1860s, Grocery and provision prices - Kansas, 1867 and 1869, Grocery and provision prices - Kentucky, 1867 and 1869, Grocery and provision prices - Louisiana, 1867 and 1869, Massachusetts - Prices of food and provisions, 1860, Grocery and provision prices - Massachusetts, 1867 and 1869, Coffee, tea and sugar prices - Massachusetts, 1860s, Grocery and provision prices - Maryland, 1867 and 1869, Coffee, tea and sugar prices - Baltimore, 1860s, Grocery and provision prices - Maine, 1867 and 1869, Grocery and provision prices - Michigan, 1867 and 1869, Grocery and provision prices - Minnesota, 1867 and 1869, Grocery and provision prices - Missouri, 1867 and 1869, Coffee, tea and sugar prices - Missouri, 1860s, Grocery and provision prices - Mississippi, 1867 and 1869, Grocery and provision prices - Montana, 1867 and 1869, Grocery and provision prices - North Carolina, 1867 and 1869, Grocery and provision prices - Nebraska, 1867 and 1869, Grocery and provision prices - New Hampshire, 1867 and 1869, Grocery and provision prices - New Jersey, 1867 and 1869, Coffee, tea and sugar prices - Jersey City, 1860s, Grocery and provision prices - New Mexico, 1867 and 1869, Grocery and provision prices - Nevada, 1867 and 1869, New York market - Prices of staple items, 1860-1863, New York City - Price of delivered milk, 1861, Beer and ale sold by the glass in NYC - Prices pre-1861, Food and provision prices in New York, 1825-1882, Grocery and provision prices - New York, 1867 and 1869, Coffee, tea and sugar prices - New York towns, 1860s, Grocery and provision prices - Ohio, 1867 and 1869, Coffee, tea and sugar prices - Ohio towns, 1860s, Grocery and provision prices - Oregon, 1867 and 1869, Grocery and provision prices - Pennsylvania, 1867 and 1869, Coffee, tea and sugar prices - Pennsylvania, 1860s, Grocery and provision prices - Rhode Island, 1867 and 1869, Grocery and provision prices - South Carolina, 1867 and 1869, Grocery and provision prices - Tennessee, 1867 and 1869, Coffee, tea and sugar prices - Nashville, 1860s, Grocery and provision prices - Texas, 1867 and 1869, Virginia - Prices of food and supplies, 1863-1864, Grocery and provision prices - Virginia, 1867 and 1869, Grocery and provision prices - Vermont, 1867 and 1869, Grocery and provision prices - Wisconsin, 1867 and 1869, Grocery and provision prices - West Virginia, 1867 and 1869, Coffee, tea and sugar prices - New Cumberland WV, 1860s, Average value of farm land and buildings per acre, 1860, Cost to operate a plantation in the American south after the Civil War, Tenements - Monthly rent by U.S. region, 1869, Land prices and farm rent in Alabama, 1869-1870, Real estate catalog listings for Alabama, 1866, Land prices and farm rent in Arkansas, 1869-1870, Real estate catalog listings for Arkansas, 1866, Land prices and farm rent in Arizona Territory, 1869-1870, Land prices and farm rent in California, 1869-1870, California farm value by county, 1850-1982, Land prices and farm rent in Colorado, 1869-1870, Land price, commissions and fees under the Homestead Act, Connecticut farm value by county, 1850-1982, Boarding house rates - Prices for female lodgers, 1860s, Land prices and farm rent in Dakota, 1869-1870, Washington DC houses for sale and rent, 1865, House rents in Wilmington, Delaware, 1862, Land prices and farm rent in Florida, 1869-1870, Land prices and farm rent in Georgia, 1869-1870, Real estate catalog listings for Georgia, 1866, House rents in Cedar Rapids, Iowa, 1861-1880, Land prices and farm rent in Iowa, 1869-1870, Land prices and farm rent in Idaho, 1869-1870, Land prices and farm rent in Illinois, 1869-1870, Land prices and farm rent in Indiana, 1869-1870, House rents in Louisville Kentucky, 1856-1880, Land prices and farm rent in Kentucky, 1869-1870, Real estate catalog prices in Kentucky, 1866, Advertised house and land prices in Louisiana, 1866, Land prices and farm rent in Louisiana, 1869-1870, Louisiana farm value by county, 1850-1982, Land prices and farm rent in Maryland, 1869-1870, Real estate catalog listings for Maryland, 1866, Rents for tenements in Massachusetts, 1860, Massachusetts farm value by county, 1850-1982, Land prices and farm rent in Michigan, 1869-1870. What is a dollar in 1967 worth today? spent on a construction project or as the cost of a historic event is $ 56,156.17 today. Source:Federal Reserve Bank of Saint Louis. "It has been agreed to transport immigrants at the rate of two cents per mile" in, Includes CA, NV, UT, AZ, OR, ID, WA, MT, etc. This table and charts use the earliest available data for each category. The inflation rate in 1860 was 0.00%. Various countries overseas have adjusted the tax to cope with transactions when farmers and tradies cash up, often in the latter case, on retirement. 48-51. Phone (573) 882-0748. Source: Catalog briefly describes farm land, timber land and some plantations for sale in Tennessee, along with asking prices. In 1860, slaves represented about 16 percent of the total household assetsthat is, all the wealthin the entire country, which in today's terms is a stunning $10 trillion. For comparison, in the UK 1.00 in 1859 would be equivalent to 1.03 in 1860, an absolute change of 0.03 and a cumulative change of 3.33%. "75 Years of American Finance: A Graphic Presentation 1861-1935" Source: U.S. Bureau of Labor Statistics Staff Paper #2. Compare these values to the overall average of 1.43% per year: The graph below compares inflation in categories of goods over time. Shows prices of flour, meats, dairy products, rice, beans, potatoes and more. Shows the wages paid to white women with the important distinction that this same labor is done by enslaved women without pay. The U.S. CPI was 12.6 in the year 1800 and 299.17 in 2023: $1 in 1800 has the same "purchasing power" or "buying power" as $23.74 in 2023. To get the total inflation rate for the 163 years between 1860 and 2023, we use the following formula: Plugging in the values to this equation, we get: Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (CPI), established in 1913. in the. Source: Historian of the USPS. Special thanks to QuickChart for their chart image API, which is used for chart downloads. For comparison, in the UK 1.00 in 1860 would be equivalent to 155.56 in 2023, an absolute change of 154.56 and a cumulative change of 15,456.47%. Ian Webster is an engineer and data expert based in San Mateo, California. Average passenger fares in cents per mile. 52-54. Breaking down these categories helps explain the main drivers behind price changes. The U.S. CPI was 8.3 in the year 1860 and 297.711 in 2022: 297.711 8.3 $13 = This effect explains how inflation erodes the value of a dollar over time. Source: Catalog provides brief description and asking prices for land and plantations in Arkansas, 1866. is replete with earnings estimates. Clothing expenses not included. Data collected in the winter of 1869-1870. This chart shows a calculation of buying power equivalence for $25 in 1860 (price index tracking began in 1635). Our calculations use the following inflation rate formula to calculate the change in value between 1859 and 1860: Then plug in historical CPI values. CPI is the weighted combination of many categories of spending that are tracked by the government. (, Asking prices are sometimes included with descriptions of homes for sale in the classified ad sections of the, Woodward's home plan book includes images of home designs, along with, Catalog briefly describes properties for sale, with asking price.
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