What was a dollar worth in the 1920s?
One dollar in the 1920s bought about what $16.07 to $19.23 bought in 2025, depending on the year.
The table compares consumer prices only: what an amount from a will, an inventory, a land sale or a pension from the 1920s would buy in 2025. It does not compare wages, land values or how rich someone was.
| Year | $1 then, in 2025 dollars | $100 then, in 2025 dollars |
|---|---|---|
| 1920 | $16.07 | $1,607 |
| 1921 | $18.05 | $1,805 |
| 1922 | $19.23 | $1,923 |
| 1923 | $18.90 | $1,890 |
| 1924 | $18.79 | $1,879 |
| 1925 | $18.36 | $1,836 |
| 1926 | $18.19 | $1,819 |
| 1927 | $18.53 | $1,853 |
| 1928 | $18.75 | $1,875 |
| 1929 | $18.75 | $1,875 |
Source: Federal Reserve Bank of Minneapolis, Consumer Price Index 1800 onward (annual averages).