Calculate the Value of $8,700 in 1988

What is $8.7k in 1988 worth in today's money?
Amount
$
From
To
$22,376
Adjusted for inflation, $8,700 in 1988 is equal to $22,376 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 $8,700 in 1988 dollars worth?
Year Equivalent
2023 $22,376
2022 $21,019
2021 $19,637
2020 $19,373
2019 $18,940
2018 $18,585
2017 $18,202
2016 $17,832
2015 $17,702
2014 $17,570
2013 $17,310
2012 $17,013
2011 $16,524
2010 $16,280
2009 $15,849
2008 $15,835
2007 $15,214
2006 $14,837
2005 $14,347
2004 $13,894
2003 $13,638
2002 $13,321
2001 $13,118
2000 $12,688
1999 $12,356
1998 $12,160
1997 $11,957
1996 $11,572
Year Equivalent
1995 $11,286
1994 $10,992
1993 $10,698
1992 $10,396
1991 $10,087
1990 $9,507
1989 $9,084
1988 $8,700
1987 $8,331
1986 $8,240
1985 $7,939
1984 $7,637
1983 $7,358
1982 $7,087
1981 $6,506
1980 $5,782
1979 $5,104
1978 $4,682
1977 $4,388
1976 $4,184
1975 $3,913
1974 $3,483
1973 $3,204
1972 $3,099
1971 $3,001
1970 $2,842
1969 $2,676
1968 $2,556
Year Equivalent
1967 $2,480
1966 $2,397
1965 $2,352
1964 $2,330
1963 $2,292
1962 $2,262
1961 $2,247
1960 $2,216
1959 $2,179
1958 $2,141
1957 $2,081
1956 $2,020
1955 $2,013
1954 $2,028
1953 $2,013
1952 $1,998
1951 $1,885
1950 $1,779
1949 $1,817
1948 $1,764
1947 $1,621
1946 $1,372
1945 $1,342
1944 $1,312
1943 $1,274
1942 $1,169
1941 $1,063
1940 $1,055
Year Equivalent
1939 $1,055
1938 $1,086
1937 $1,055
1936 $1,040
1935 $1,010
1934 $995
1933 $988
1932 $1,101
1931 $1,214
1930 $1,297
1929 $1,289
1928 $1,304
1927 $1,334
1926 $1,349
1925 $1,304
1924 $1,304
1923 $1,274
1922 $1,304
1921 $1,463
1920 $1,425
1919 $1,244
1918 $1,033
1917 $875
1916 $777
1915 $761
1914 $754