Calculate the Value of $40,000 in 1923

What is $40k in 1923 money adjusted for inflation? Convert $40,000 from 1923 dollars to 2024 dollars.
Amount
$
From
To
$726,026
Adjusted for inflation, $40,000 in 1923 is equal to $726,026 in 2024.
Annual inflation over this period was 2.91%.
Value of a dollar
Calculates inflation to see what a U.S. dollar was worth in the past and today. View historical and today's current inflation rates, using the CPI provided by the United States government. Inflation data is updated regularly, so results may differ from other websites. How much has the cost of living increased? What was inflation for a specific period?
How much is $40,000 in 1923 dollars worth?
Year Equivalent
2024 $726,026
2023 $702,478
2022 $659,886
2021 $616,507
2020 $608,222
2019 $594,634
2018 $583,489
2017 $571,437
2016 $559,822
2015 $555,768
2014 $551,595
2013 $543,434
2012 $534,135
2011 $518,767
2010 $511,122
2009 $497,581
2008 $497,127
2007 $477,633
2006 $465,799
2005 $450,414
2004 $436,213
2003 $428,166
2002 $418,225
2001 $411,834
2000 $398,343
1999 $387,929
1998 $381,775
1997 $375,385
Year Equivalent
1996 $363,314
1995 $354,320
1994 $345,089
1993 $335,858
1992 $326,391
1991 $316,686
1990 $298,462
1989 $285,207
1988 $273,136
1987 $261,538
1986 $258,698
1985 $249,231
1984 $239,763
1983 $231,006
1982 $222,485
1981 $204,260
1980 $181,538
1979 $160,237
1978 $146,982
1977 $137,751
1976 $131,361
1975 $122,840
1974 $109,349
1973 $100,592
1972 $97,278
1971 $94,201
1970 $89,231
1969 $84,024
Year Equivalent
1968 $80,237
1967 $77,870
1966 $75,266
1965 $73,846
1964 $73,136
1963 $71,953
1962 $71,006
1961 $70,533
1960 $69,586
1959 $68,402
1958 $67,219
1957 $65,325
1956 $63,432
1955 $63,195
1954 $63,669
1953 $63,195
1952 $62,722
1951 $59,172
1950 $55,858
1949 $57,041
1948 $55,385
1947 $50,888
1946 $43,077
1945 $42,130
1944 $41,183
1943 $40,000
1942 $36,686
1941 $33,373
Year Equivalent
1940 $33,136
1939 $33,136
1938 $34,083
1937 $33,136
1936 $32,663
1935 $31,716
1934 $31,243
1933 $31,006
1932 $34,556
1931 $38,107
1930 $40,710
1929 $40,473
1928 $40,947
1927 $41,893
1926 $42,367
1925 $40,947
1924 $40,947
1923 $40,000
1922 $40,947
1921 $45,917
1920 $44,734
1919 $39,053
1918 $32,426
1917 $27,456
1916 $24,379
1915 $23,905
1914 $23,669