Calculate the Value of $245 in 1956

What is $245 in 1956 worth in today's money?
Amount
$
From
To
$2,381
Adjusted for inflation, $245 in 1956 is equal to $2,381 in 2021.
Annual inflation over this period was 3.56%.
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 $245 in 1956 dollars worth?
Year Equivalent
2021 $2,381
2020 $2,349
2019 $2,297
2018 $2,254
2017 $2,207
2016 $2,162
2015 $2,147
2014 $2,130
2013 $2,099
2012 $2,063
2011 $2,004
2010 $1,974
2009 $1,922
2008 $1,920
2007 $1,845
2006 $1,799
2005 $1,740
2004 $1,685
2003 $1,654
2002 $1,615
2001 $1,591
2000 $1,539
1999 $1,498
1998 $1,475
1997 $1,450
1996 $1,403
1995 $1,369
Year Equivalent
1994 $1,333
1993 $1,297
1992 $1,261
1991 $1,223
1990 $1,153
1989 $1,102
1988 $1,055
1987 $1,010
1986 $999
1985 $963
1984 $926
1983 $892
1982 $859
1981 $789
1980 $701
1979 $619
1978 $568
1977 $532
1976 $507
1975 $474
1974 $422
1973 $389
1972 $376
1971 $364
1970 $345
1969 $325
1968 $310
Year Equivalent
1967 $301
1966 $291
1965 $285
1964 $282
1963 $278
1962 $274
1961 $272
1960 $269
1959 $264
1958 $260
1957 $252
1956 $245
1955 $244
1954 $246
1953 $244
1952 $242
1951 $229
1950 $216
1949 $220
1948 $214
1947 $197
1946 $166
1945 $163
1944 $159
1943 $154
1942 $142
1941 $129
Year Equivalent
1940 $128
1939 $128
1938 $132
1937 $128
1936 $126
1935 $123
1934 $121
1933 $120
1932 $133
1931 $147
1930 $157
1929 $156
1928 $158
1927 $162
1926 $164
1925 $158
1924 $158
1923 $154
1922 $158
1921 $177
1920 $173
1919 $151
1918 $125
1917 $106
1916 $94
1915 $92
1914 $91