Calculate the Value of $8,700 in 1998

What is $8.7k in 1998 worth in today's money?
Amount
$
From
To
$16,008
Adjusted for inflation, $8,700 in 1998 is equal to $16,008 in 2023.
Annual inflation over this period was 2.47%.
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 1998 dollars worth?
Year Equivalent
2023 $16,008
2022 $15,038
2021 $14,049
2020 $13,860
2019 $13,551
2018 $13,297
2017 $13,022
2016 $12,757
2015 $12,665
2014 $12,570
2013 $12,384
2012 $12,172
2011 $11,822
2010 $11,648
2009 $11,339
2008 $11,329
2007 $10,884
2006 $10,615
2005 $10,264
2004 $9,941
2003 $9,757
2002 $9,531
2001 $9,385
2000 $9,078
1999 $8,840
1998 $8,700
1997 $8,554
1996 $8,279
Year Equivalent
1995 $8,074
1994 $7,864
1993 $7,654
1992 $7,438
1991 $7,217
1990 $6,801
1989 $6,499
1988 $6,224
1987 $5,960
1986 $5,895
1985 $5,680
1984 $5,464
1983 $5,264
1982 $5,070
1981 $4,655
1980 $4,137
1979 $3,652
1978 $3,349
1977 $3,139
1976 $2,993
1975 $2,799
1974 $2,492
1973 $2,292
1972 $2,217
1971 $2,147
1970 $2,033
1969 $1,915
1968 $1,828
Year Equivalent
1967 $1,775
1966 $1,715
1965 $1,683
1964 $1,667
1963 $1,640
1962 $1,618
1961 $1,607
1960 $1,586
1959 $1,559
1958 $1,532
1957 $1,489
1956 $1,446
1955 $1,440
1954 $1,451
1953 $1,440
1952 $1,429
1951 $1,348
1950 $1,273
1949 $1,300
1948 $1,262
1947 $1,160
1946 $982
1945 $960
1944 $938
1943 $912
1942 $836
1941 $761
1940 $755
Year Equivalent
1939 $755
1938 $777
1937 $755
1936 $744
1935 $723
1934 $712
1933 $707
1932 $787
1931 $868
1930 $928
1929 $922
1928 $933
1927 $955
1926 $965
1925 $933
1924 $933
1923 $912
1922 $933
1921 $1,046
1920 $1,019
1919 $890
1918 $739
1917 $626
1916 $556
1915 $545
1914 $539