Calculate the Value of $406 in 1938

What is $406 in 1938 worth in today's money?
Amount
$
From
To
$7,344
Adjusted for inflation, $406 in 1938 is equal to $7,344 in 2021.
Annual inflation over this period was 3.55%.
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 $406 in 1938 dollars worth?
Year Equivalent
2021 $7,344
2020 $7,245
2019 $7,083
2018 $6,951
2017 $6,807
2016 $6,669
2015 $6,620
2014 $6,571
2013 $6,473
2012 $6,363
2011 $6,180
2010 $6,089
2009 $5,927
2008 $5,922
2007 $5,690
2006 $5,549
2005 $5,365
2004 $5,196
2003 $5,100
2002 $4,982
2001 $4,906
2000 $4,745
1999 $4,621
1998 $4,548
1997 $4,472
1996 $4,328
1995 $4,221
Year Equivalent
1994 $4,111
1993 $4,001
1992 $3,888
1991 $3,772
1990 $3,555
1989 $3,397
1988 $3,254
1987 $3,115
1986 $3,082
1985 $2,969
1984 $2,856
1983 $2,752
1982 $2,650
1981 $2,433
1980 $2,163
1979 $1,909
1978 $1,751
1977 $1,641
1976 $1,565
1975 $1,463
1974 $1,303
1973 $1,198
1972 $1,159
1971 $1,122
1970 $1,063
1969 $1,001
1968 $956
Year Equivalent
1967 $928
1966 $897
1965 $880
1964 $871
1963 $857
1962 $846
1961 $840
1960 $829
1959 $815
1958 $801
1957 $778
1956 $756
1955 $753
1954 $758
1953 $753
1952 $747
1951 $705
1950 $665
1949 $679
1948 $660
1947 $606
1946 $513
1945 $502
1944 $491
1943 $476
1942 $437
1941 $398
Year Equivalent
1940 $395
1939 $395
1938 $406
1937 $395
1936 $389
1935 $378
1934 $372
1933 $369
1932 $412
1931 $454
1930 $485
1929 $482
1928 $488
1927 $499
1926 $505
1925 $488
1924 $488
1923 $476
1922 $488
1921 $547
1920 $533
1919 $465
1918 $386
1917 $327
1916 $290
1915 $285
1914 $282