Calculate the Value of $970 in 1916

What is $970 in 1916 worth in today's money?
Amount
$
From
To
$27,951
Adjusted for inflation, $970 in 1916 is equal to $27,951 in 2023.
Annual inflation over this period was 3.19%.
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 $970 in 1916 dollars worth?
Year Equivalent
2023 $27,951
2022 $26,256
2021 $24,530
2020 $24,200
2019 $23,660
2018 $23,216
2017 $22,737
2016 $22,275
2015 $22,113
2014 $21,947
2013 $21,623
2012 $21,253
2011 $20,641
2010 $20,337
2009 $19,798
2008 $19,780
2007 $19,004
2006 $18,534
2005 $17,921
2004 $17,356
2003 $17,036
2002 $16,641
2001 $16,386
2000 $15,850
1999 $15,435
1998 $15,190
1997 $14,936
1996 $14,456
Year Equivalent
1995 $14,098
1994 $13,731
1993 $13,363
1992 $12,987
1991 $12,601
1990 $11,875
1989 $11,348
1988 $10,868
1987 $10,406
1986 $10,293
1985 $9,917
1984 $9,540
1983 $9,191
1982 $8,852
1981 $8,127
1980 $7,223
1979 $6,376
1978 $5,848
1977 $5,481
1976 $5,227
1975 $4,888
1974 $4,351
1973 $4,002
1972 $3,871
1971 $3,748
1970 $3,550
1969 $3,343
1968 $3,193
Year Equivalent
1967 $3,098
1966 $2,995
1965 $2,938
1964 $2,910
1963 $2,863
1962 $2,825
1961 $2,806
1960 $2,769
1959 $2,722
1958 $2,675
1957 $2,599
1956 $2,524
1955 $2,514
1954 $2,533
1953 $2,514
1952 $2,496
1951 $2,354
1950 $2,223
1949 $2,270
1948 $2,204
1947 $2,025
1946 $1,714
1945 $1,676
1944 $1,639
1943 $1,592
1942 $1,460
1941 $1,328
1940 $1,318
Year Equivalent
1939 $1,318
1938 $1,356
1937 $1,318
1936 $1,300
1935 $1,262
1934 $1,243
1933 $1,234
1932 $1,375
1931 $1,516
1930 $1,620
1929 $1,610
1928 $1,629
1927 $1,667
1926 $1,686
1925 $1,629
1924 $1,629
1923 $1,592
1922 $1,629
1921 $1,827
1920 $1,780
1919 $1,554
1918 $1,290
1917 $1,092
1916 $970
1915 $951
1914 $942