Calculate the Value of $970 in 1950

What is $970 in 1950 worth in today's money?
Amount
$
From
To
$12,199
Adjusted for inflation, $970 in 1950 is equal to $12,199 in 2023.
Annual inflation over this period was 3.53%.
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 1950 dollars worth?
Year Equivalent
2023 $12,199
2022 $11,459
2021 $10,706
2020 $10,562
2019 $10,326
2018 $10,133
2017 $9,923
2016 $9,722
2015 $9,651
2014 $9,579
2013 $9,437
2012 $9,276
2011 $9,009
2010 $8,876
2009 $8,641
2008 $8,633
2007 $8,294
2006 $8,089
2005 $7,822
2004 $7,575
2003 $7,435
2002 $7,263
2001 $7,152
2000 $6,917
1999 $6,737
1998 $6,630
1997 $6,519
1996 $6,309
Year Equivalent
1995 $6,153
1994 $5,993
1993 $5,832
1992 $5,668
1991 $5,499
1990 $5,183
1989 $4,953
1988 $4,743
1987 $4,542
1986 $4,492
1985 $4,328
1984 $4,164
1983 $4,012
1982 $3,864
1981 $3,547
1980 $3,153
1979 $2,783
1978 $2,552
1977 $2,392
1976 $2,281
1975 $2,133
1974 $1,899
1973 $1,747
1972 $1,689
1971 $1,636
1970 $1,550
1969 $1,459
1968 $1,393
Year Equivalent
1967 $1,352
1966 $1,307
1965 $1,282
1964 $1,270
1963 $1,249
1962 $1,233
1961 $1,225
1960 $1,208
1959 $1,188
1958 $1,167
1957 $1,134
1956 $1,102
1955 $1,097
1954 $1,106
1953 $1,097
1952 $1,089
1951 $1,028
1950 $970
1949 $991
1948 $962
1947 $884
1946 $748
1945 $732
1944 $715
1943 $695
1942 $637
1941 $580
1940 $575
Year Equivalent
1939 $575
1938 $592
1937 $575
1936 $567
1935 $551
1934 $543
1933 $538
1932 $600
1931 $662
1930 $707
1929 $703
1928 $711
1927 $728
1926 $736
1925 $711
1924 $711
1923 $695
1922 $711
1921 $797
1920 $777
1919 $678
1918 $563
1917 $477
1916 $423
1915 $415
1914 $411