How Much Is 80 Thousand Dollars Worth Today Back in 1983
Value of $80,000 from 1983 to 2018
$80,000 in 1983 is equivalent in purchasing power to about $201,791.16 in 2018, an increase of $121,791.16 over 35 years. The dollar had an average inflation rate of 2.68% per year between 1983 and 2018, producing a cumulative price increase of 152.24%.
This means that prices in 2018 are 2.52 times higher than average prices since 1983, according to the Bureau of Labor Statistics consumer price index.
The inflation rate in 1983 was 3.21%. The inflation rate in 2018 was 2.49%. The 2018 inflation rate is lower compared to the average inflation rate of 3.43% per year between 2018 and 2021.
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| Cumulative price change | 152.24% |
| Average inflation rate | 2.68% |
| Converted amount ($80,000 base) | $201,791.16 |
| Price difference ($80,000 base) | $121,791.16 |
| CPI in 1983 | 99.600 |
| CPI in 2018 | 251.230 |
| Inflation in 1983 | 3.21% |
| Inflation in 2018 | 2.49% |
| $80,000 in 1983 | $201,791.16 in 2018 |
USD Inflation since 1913
Annual Rate, the Bureau of Labor Statistics CPI
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Buying power of $80,000 in 1983
This chart shows a calculation of buying power equivalence for $80,000 in 1983 (price index tracking began in 1635).
For example, if you started with $80,000, you would need to end with $201,791.16 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When $80,000 is equivalent to $201,791.16 over time, that means that the "real value" of a single U.S. dollar decreases over time. In other words, a dollar will pay for fewer items at the store.
This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 1983 dollars, the chart below shows how $80,000 is worth less over 35 years.
According to the Bureau of Labor Statistics, each of these USD amounts below is equal in terms of what it could buy at the time:
| Year | Dollar Value | Inflation Rate |
|---|---|---|
| 1983 | $80,000.00 | 3.21% |
| 1984 | $83,453.82 | 4.32% |
| 1985 | $86,425.70 | 3.56% |
| 1986 | $88,032.13 | 1.86% |
| 1987 | $91,244.98 | 3.65% |
| 1988 | $95,020.08 | 4.14% |
| 1989 | $99,598.39 | 4.82% |
| 1990 | $104,979.92 | 5.40% |
| 1991 | $109,397.59 | 4.21% |
| 1992 | $112,690.76 | 3.01% |
| 1993 | $116,064.26 | 2.99% |
| 1994 | $119,036.14 | 2.56% |
| 1995 | $122,409.64 | 2.83% |
| 1996 | $126,024.10 | 2.95% |
| 1997 | $128,915.66 | 2.29% |
| 1998 | $130,923.69 | 1.56% |
| 1999 | $133,815.26 | 2.21% |
| 2000 | $138,313.25 | 3.36% |
| 2001 | $142,249.00 | 2.85% |
| 2002 | $144,497.99 | 1.58% |
| 2003 | $147,791.16 | 2.28% |
| 2004 | $151,726.91 | 2.66% |
| 2005 | $156,867.47 | 3.39% |
| 2006 | $161,927.71 | 3.23% |
| 2007 | $166,539.76 | 2.85% |
| 2008 | $172,934.14 | 3.84% |
| 2009 | $172,318.88 | -0.36% |
| 2010 | $175,145.38 | 1.64% |
| 2011 | $180,673.90 | 3.16% |
| 2012 | $184,412.85 | 2.07% |
| 2013 | $187,114.06 | 1.46% |
| 2014 | $190,149.40 | 1.62% |
| 2015 | $190,375.10 | 0.12% |
| 2016 | $192,776.71 | 1.26% |
| 2017 | $196,883.53 | 2.13% |
| 2018 | $201,791.16 | 2.49% |
| 2019 | $205,347.39 | 1.76% |
| 2020 | $207,880.86 | 1.23% |
| 2021 | $223,251.41 | 7.39%* |
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 29 more rows
This conversion table shows various other 1983 amounts in 2018 dollars, based on the 152.24% change in prices:
| Initial value | Equivalent value |
|---|---|
| $1 dollar in 1983 | $2.52 dollars in 2018 |
| $5 dollars in 1983 | $12.61 dollars in 2018 |
| $10 dollars in 1983 | $25.22 dollars in 2018 |
| $50 dollars in 1983 | $126.12 dollars in 2018 |
| $100 dollars in 1983 | $252.24 dollars in 2018 |
| $500 dollars in 1983 | $1,261.19 dollars in 2018 |
| $1,000 dollars in 1983 | $2,522.39 dollars in 2018 |
| $5,000 dollars in 1983 | $12,611.95 dollars in 2018 |
| $10,000 dollars in 1983 | $25,223.90 dollars in 2018 |
| $50,000 dollars in 1983 | $126,119.48 dollars in 2018 |
| $100,000 dollars in 1983 | $252,238.96 dollars in 2018 |
| $500,000 dollars in 1983 | $1,261,194.78 dollars in 2018 |
| $1,000,000 dollars in 1983 | $2,522,389.56 dollars in 2018 |
Inflation by City
Inflation can vary widely by city, even within the United States. Here's how some cities fared in 1983 to 2018 (figures shown are purchasing power equivalents of $80,000):
- San Francisco, California: 3.09% average rate, $80,000 → $232,342.59, cumulative change of 190.43%
- Boston, Massachusetts: 2.95% average rate, $80,000 → $221,272.88, cumulative change of 176.59%
- New York: 2.92% average rate, $80,000 → $219,277.86, cumulative change of 174.10%
- Seattle, Washington: 2.91% average rate, $80,000 → $218,488.69, cumulative change of 173.11%
- Miami-Fort Lauderdale, Florida: 2.83% average rate, $80,000 → $212,671.53, cumulative change of 165.84%
- Philadelphia, Pennsylvania: 2.69% average rate, $80,000 → $202,574.16, cumulative change of 153.22%
- Atlanta, Georgia: 2.52% average rate, $80,000 → $191,153.09, cumulative change of 138.94%
- Chicago, Illinois: 2.50% average rate, $80,000 → $190,133.31, cumulative change of 137.67%
- Dallas-Fort Worth, Texas: 2.46% average rate, $80,000 → $187,154.82, cumulative change of 133.94%
- Detroit, Michigan: 2.44% average rate, $80,000 → $186,166.24, cumulative change of 132.71%
- Houston, Texas: 2.36% average rate, $80,000 → $180,905.35, cumulative change of 126.13%
San Francisco, California experienced the highest rate of inflation during the 35 years between 1983 and 2018 (3.09%).
Houston, Texas experienced the lowest rate of inflation during the 35 years between 1983 and 2018 (2.36%).
Note that some locations showing 0% inflation may have not yet reported latest data.
Inflation by Country
Inflation can also vary widely by country. For comparison, in the UK £80,000.00 in 1983 would be equivalent to £263,544.57 in 2018, an absolute change of £183,544.57 and a cumulative change of 229.43%.
In Canada, CA$80,000.00 in 1983 would be equivalent to CA$176,756.76 in 2018, an absolute change of CA$96,756.76 and a cumulative change of 120.95%.
Compare these numbers to the US's overall absolute change of $121,791.16 and total percent change of 152.24%.
Inflation by Spending Category
CPI is the weighted combination of many categories of spending that are tracked by the government. Breaking down these categories helps explain the main drivers behind price changes.
Between 1983 and 2018:
- Gas prices increased from $1.23 per gallon to $2.54
- Bread prices increased from $0.54 per loaf to $1.28
- Milk prices increased from $1.07 per gallon to $0.00
- Egg prices increased from $0.82 per carton to $1.77
This chart shows the average rate of inflation for select CPI categories between 1983 and 2018.
Compare these values to the overall average of 2.68% per year:
The graph below compares inflation in categories of goods over time. 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 1983. This table and charts use the earliest available data for each category.
How to Calculate Inflation Rate for $80,000, 1983 to 2018
Our calculations use the following inflation rate formula to calculate the change in value between 1983 and 2018:
CPI in 2018 CPI in 1983
×
1983 USD value
=
2018 USD value
Then plug in historical CPI values. The U.S. CPI was 99.6 in the year 1983 and 251.23 in 2018:
251.23 99.6
×
$80,000
=
$201,791.16
$80,000 in 1983 has the same "purchasing power" or "buying power" as $201,791.16 in 2018.
To get the total inflation rate for the 35 years between 1983 and 2018, we use the following formula:
CPI in 2018 - CPI in 1983 CPI in 1983
×
100
=
Cumulative inflation rate (35 years)
Plugging in the values to this equation, we get:
251.23 - 99.6 99.6
×
100
=
152%
Alternate Measurements of Inflation
The above data describe the CPI for all items. Also of note is the Core CPI, which measures inflation for all items except for the more volatile categories of food and energy. Core inflation averaged 2.75% per year between 1983 and 2018 (vs all-CPI inflation of 2.68%), for an inflation total of 158.56%.
When using the core inflation measurement, $80,000 in 1983 is equivalent in buying power to $206,847.63 in 2018, a difference of $126,847.63. Recall that for All Items, the converted amount is $201,791.16 with a difference of $121,791.16.
In 1983, core inflation was 3.93%.
Comparison to S&P 500 Index
The average inflation rate of 2.68% has a compounding effect between 1983 and 2018. As noted above, this yearly inflation rate compounds to produce an overall price difference of 152.24% over 35 years.
To help put this inflation into perspective, if we had invested $80,000 in the S&P 500 index in 1983, our investment would be nominally worth approximately $3,408,344.00 in 2018. This is a return on investment of 4,160.43%, with an absolute return of $3,328,344.00 on top of the original $80,000.
These numbers are not inflation adjusted, so they are considered nominal. In order to evaluate the real return on our investment, we must calculate the return with inflation taken into account.
The compounding effect of inflation would account for 60.36% of returns ($2,057,107.83) during this period. This means the inflation-adjusted real return of our $80,000 investment is $1,271,236.17. You may also want to account for capital gains tax, which would take your real return down to around $1,080,551 for most people.
| Original Amount | Final Amount | Change | |
|---|---|---|---|
| Nominal | $80,000 | $3,408,344.00 | 4,160.43% |
| Real Inflation Adjusted | $80,000 | $1,351,236.17 | 1,589.05% |
Information displayed above may differ slightly from other S&P 500 calculators. Minor discrepancies can occur because we use the latest CPI data for inflation, annualized inflation numbers for previous years, and we compute S&P price and dividends from January of 1983 to latest available data for 2018 using average monthly close price.
For more details on the S&P 500 between 1983 and 2018, see the stock market returns calculator.
News headlines from 1983
Politics and news often influence economic performance. Here's what was happening at the time:
- 26 million pounds in gold, diamonds and cash is stolen from Brink's-Mat warehouse at Heathrow Airport in London, which is considered to be one of the world's greatest robberies.
- Ronald Reagan ends the United States embargo against Guatemala.
Data Source & Citation
Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (CPI), established in 1913. Inflation data from 1665 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University.
You may use the following MLA citation for this page: "$80,000 in 1983 → 2018 | Inflation Calculator." Official Inflation Data, Alioth Finance, 16 Dec. 2021, https://www.officialdata.org/1983-dollars-in-2018?amount=80000.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
in2013dollars.com is a reference website maintained by the Official Data Foundation.
About the author
Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.
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How Much Is 80 Thousand Dollars Worth Today Back in 1983
Source: https://www.in2013dollars.com/1983-dollars-in-2018?amount=80000
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