Calculate the Value of $242 in 1956

What is 242 dollars in 1956 money adjusted for inflation? Convert $242 from 1956 dollars to 2024 dollars.
Amount
$
From
To
$2,770
Adjusted for inflation, $242 in 1956 is equal to $2,770 in 2024.
Annual inflation over this period was 3.65%.
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 $242 in 1956 dollars worth?
Year Equivalent
2024 $2,770
2023 $2,680
2022 $2,518
2021 $2,352
2020 $2,320
2019 $2,269
2018 $2,226
2017 $2,180
2016 $2,136
2015 $2,120
2014 $2,104
2013 $2,073
2012 $2,038
2011 $1,979
2010 $1,950
2009 $1,898
2008 $1,897
2007 $1,822
2006 $1,777
2005 $1,718
2004 $1,664
2003 $1,634
2002 $1,596
2001 $1,571
2000 $1,520
1999 $1,480
1998 $1,457
1997 $1,432
Year Equivalent
1996 $1,386
1995 $1,352
1994 $1,317
1993 $1,281
1992 $1,245
1991 $1,208
1990 $1,139
1989 $1,088
1988 $1,042
1987 $998
1986 $987
1985 $951
1984 $915
1983 $881
1982 $849
1981 $779
1980 $693
1979 $611
1978 $561
1977 $526
1976 $501
1975 $469
1974 $417
1973 $384
1972 $371
1971 $359
1970 $340
1969 $321
Year Equivalent
1968 $306
1967 $297
1966 $287
1965 $282
1964 $279
1963 $275
1962 $271
1961 $269
1960 $265
1959 $261
1958 $256
1957 $249
1956 $242
1955 $241
1954 $243
1953 $241
1952 $239
1951 $226
1950 $213
1949 $218
1948 $211
1947 $194
1946 $164
1945 $161
1944 $157
1943 $153
1942 $140
1941 $127
Year Equivalent
1940 $126
1939 $126
1938 $130
1937 $126
1936 $125
1935 $121
1934 $119
1933 $118
1932 $132
1931 $145
1930 $155
1929 $154
1928 $156
1927 $160
1926 $162
1925 $156
1924 $156
1923 $153
1922 $156
1921 $175
1920 $171
1919 $149
1918 $124
1917 $105
1916 $93
1915 $91
1914 $90