Calculate the Value of $245 in 1971

What is $245 in 1971 worth in today's money?
Amount
$
From
To
$1,603
Adjusted for inflation, $245 in 1971 is equal to $1,603 in 2021.
Annual inflation over this period was 3.83%.
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 1971 dollars worth?
Year Equivalent
2021 $1,603
2020 $1,582
2019 $1,547
2018 $1,518
2017 $1,486
2016 $1,456
2015 $1,445
2014 $1,435
2013 $1,413
2012 $1,389
2011 $1,349
2010 $1,329
2009 $1,294
2008 $1,293
2007 $1,242
2006 $1,211
2005 $1,171
2004 $1,135
2003 $1,114
2002 $1,088
2001 $1,071
2000 $1,036
1999 $1,009
1998 $993
1997 $976
1996 $945
1995 $922
Year Equivalent
1994 $898
1993 $874
1992 $849
1991 $824
1990 $776
1989 $742
1988 $710
1987 $680
1986 $673
1985 $648
1984 $624
1983 $601
1982 $579
1981 $531
1980 $472
1979 $417
1978 $382
1977 $358
1976 $342
1975 $319
1974 $284
1973 $262
1972 $253
1971 $245
1970 $232
1969 $219
1968 $209
Year Equivalent
1967 $203
1966 $196
1965 $192
1964 $190
1963 $187
1962 $185
1961 $183
1960 $181
1959 $178
1958 $175
1957 $170
1956 $165
1955 $164
1954 $166
1953 $164
1952 $163
1951 $154
1950 $145
1949 $148
1948 $144
1947 $132
1946 $112
1945 $110
1944 $107
1943 $104
1942 $95
1941 $87
Year Equivalent
1940 $86
1939 $86
1938 $89
1937 $86
1936 $85
1935 $82
1934 $81
1933 $81
1932 $90
1931 $99
1930 $106
1929 $105
1928 $106
1927 $109
1926 $110
1925 $106
1924 $106
1923 $104
1922 $106
1921 $119
1920 $116
1919 $102
1918 $84
1917 $71
1916 $63
1915 $62
1914 $62