How much is a human life worth? Could you hazard a guess at the federal government's answer? Try $8 million, give or take a couple, depending on the agency that's coming up with the figure. An article published by The New York Times about the process of setting the value of a human life caught our interest. The government must have a system in place to come up with this number, so it can set safety regulations for businesses. But each agency seems to have a different formula for coming up with the figure.