Nov 15 2008
getting way back then
My previous post made me think about prices even earlier on. The 1940s have always fascinated me, so I figured it would be fun to take a look at what things cost back then. The price you see next to the words is the original 1940s price. The prices between parenthesis is what the same thing would cost today, inflation adjusted. I find it fascinating that most thing would cost about the same, including cars, stamps, and milk, but the cost of a house was incredibly lower. I mean, there’s no way you could buy a house for $72,000 anywhere in the country, right?
Average cost of new house: $4,920 ($72014)
Average wages per year: $1,725 ($25248)
Minimum wage: 30 cents per hour ($4.39)
Cost of a gallon of gas: 16 cents ($2.34)
Average cost for house rent: $30 per month ($439)
Average price for a new car: $850 ($12441)
Bread: 8 cents/loaf ($1.17)
Milk: 34 cents/gallon ($4.98)
Postage stamp: 3 cents ($0.44)
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