Calculate the Value of $8,000 in 1988

What is $8k in 1988 worth in today's money?
Amount
$
From
To
$20,575
Adjusted for inflation, $8,000 in 1988 is equal to $20,575 in 2023.
Annual inflation over this period was 2.74%.
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 $8,000 in 1988 dollars worth?
Year Equivalent
2023 $20,575
2022 $19,328
2021 $18,057
2020 $17,814
2019 $17,416
2018 $17,090
2017 $16,737
2016 $16,397
2015 $16,278
2014 $16,156
2013 $15,917
2012 $15,645
2011 $15,194
2010 $14,970
2009 $14,574
2008 $14,561
2007 $13,990
2006 $13,643
2005 $13,192
2004 $12,776
2003 $12,541
2002 $12,250
2001 $12,062
2000 $11,667
1999 $11,362
1998 $11,182
1997 $10,995
1996 $10,641
Year Equivalent
1995 $10,378
1994 $10,107
1993 $9,837
1992 $9,560
1991 $9,276
1990 $8,742
1989 $8,354
1988 $8,000
1987 $7,660
1986 $7,577
1985 $7,300
1984 $7,023
1983 $6,766
1982 $6,516
1981 $5,983
1980 $5,317
1979 $4,693
1978 $4,305
1977 $4,035
1976 $3,847
1975 $3,598
1974 $3,203
1973 $2,946
1972 $2,849
1971 $2,759
1970 $2,614
1969 $2,461
1968 $2,350
Year Equivalent
1967 $2,281
1966 $2,205
1965 $2,163
1964 $2,142
1963 $2,107
1962 $2,080
1961 $2,066
1960 $2,038
1959 $2,003
1958 $1,969
1957 $1,913
1956 $1,858
1955 $1,851
1954 $1,865
1953 $1,851
1952 $1,837
1951 $1,733
1950 $1,636
1949 $1,671
1948 $1,622
1947 $1,490
1946 $1,262
1945 $1,234
1944 $1,206
1943 $1,172
1942 $1,075
1941 $977
1940 $971
Year Equivalent
1939 $971
1938 $998
1937 $971
1936 $957
1935 $929
1934 $915
1933 $908
1932 $1,012
1931 $1,116
1930 $1,192
1929 $1,185
1928 $1,199
1927 $1,227
1926 $1,241
1925 $1,199
1924 $1,199
1923 $1,172
1922 $1,199
1921 $1,345
1920 $1,310
1919 $1,144
1918 $950
1917 $804
1916 $714
1915 $700
1914 $693