Calculate the Value of $970,000 in 1948

What is $970k in 1948 worth in today's money?
Amount
$
From
To
$12,303,124
Adjusted for inflation, $970,000 in 1948 is equal to $12,303,124 in 2023.
Annual inflation over this period was 3.45%.
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 $970,000 in 1948 dollars worth?
Year Equivalent
2023 $12,303,124
2022 $11,557,177
2021 $10,797,426
2020 $10,652,341
2019 $10,414,359
2018 $10,219,157
2017 $10,008,079
2016 $9,804,669
2015 $9,733,660
2014 $9,660,578
2013 $9,517,648
2012 $9,354,779
2011 $9,085,625
2010 $8,951,732
2009 $8,714,579
2008 $8,706,621
2007 $8,365,214
2006 $8,157,949
2005 $7,888,504
2004 $7,639,786
2003 $7,498,846
2002 $7,324,744
2001 $7,212,821
2000 $6,976,538
1999 $6,794,145
1998 $6,686,368
1997 $6,574,444
1996 $6,363,034
Year Equivalent
1995 $6,205,513
1994 $6,043,846
1993 $5,882,179
1992 $5,716,368
1991 $5,546,410
1990 $5,227,222
1989 $4,995,085
1988 $4,783,675
1987 $4,580,556
1986 $4,530,812
1985 $4,365,000
1984 $4,199,188
1983 $4,045,812
1982 $3,896,581
1981 $3,577,393
1980 $3,179,444
1979 $2,806,368
1978 $2,574,231
1977 $2,412,564
1976 $2,300,641
1975 $2,151,410
1974 $1,915,128
1973 $1,761,752
1972 $1,703,718
1971 $1,649,829
1970 $1,562,778
1969 $1,471,581
1968 $1,405,256
Year Equivalent
1967 $1,363,803
1966 $1,318,205
1965 $1,293,333
1964 $1,280,897
1963 $1,260,171
1962 $1,243,590
1961 $1,235,299
1960 $1,218,718
1959 $1,197,991
1958 $1,177,265
1957 $1,144,103
1956 $1,110,940
1955 $1,106,795
1954 $1,115,085
1953 $1,106,795
1952 $1,098,504
1951 $1,036,325
1950 $978,291
1949 $999,017
1948 $970,000
1947 $891,239
1946 $754,444
1945 $737,863
1944 $721,282
1943 $700,556
1942 $642,521
1941 $584,487
1940 $580,342
Year Equivalent
1939 $580,342
1938 $596,923
1937 $580,342
1936 $572,051
1935 $555,470
1934 $547,179
1933 $543,034
1932 $605,214
1931 $667,393
1930 $712,991
1929 $708,846
1928 $717,137
1927 $733,718
1926 $742,009
1925 $717,137
1924 $717,137
1923 $700,556
1922 $717,137
1921 $804,188
1920 $783,462
1919 $683,974
1918 $567,906
1917 $480,855
1916 $426,966
1915 $418,675
1914 $414,530