This calculates the value of a US dollar over time, either in today's dollars or another year. How much was $700,000 worth in 2016? This is a good way to estimate what a certain wage or price could buy in a specific year. People often like to see how much their first car would have cost in today's dollars. Or maybe a minimum wage job or the cost of college. These prices have gone up due to inflation.

This calculation is specifically for 700k in the year 2016. You can see what 700000 is worth by year accounting for inflation. What was the cost of living in in 2016? The data is based on the consumer price index provided by the Bureau of Labor Statistics.