This calculates the value of a US dollar over time, either in today's dollars or another year. How much was $975 worth in 1961? 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 975 in the year 1961. You can see what 975 is worth by year accounting for inflation. What was the cost of living in in 1961? The data is based on the consumer price index provided by the Bureau of Labor Statistics.