$1,000,000 in 1951. What is it worth?
This calculates the value of a US dollar over time, either in today's dollars or another year.
How much was $1,000,000 worth in 1951? 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 $1000k in the year 1951. You can
see what 1000000 is worth by year accounting for inflation. What was the cost of
living in in 1951?
The data is based on the consumer price index provided by the Bureau of Labor Statistics.