The People History Home

Comparison Of Prices Over 90 Years

Average Cost Of New Home

1930 $3,845.00

1940 $3,920.00

1950 $8,450.00

2023 $436,800

1960 $12,700.00

1970 $23,450.00

1980 $68,700.00

1990 $123,000.00

2000 $119,600

2008 $238,880

2013 $289,500

2018 $385,880

2021 $408,800

Average Wages

1930 $1,970.00

1940 $1,725.00

1950 $3,210.00

2023 $69,480

1960 $5,315.00

1970 $9,400.00

1980 $19,500.00

1990 $28,960.00

2000 $41,673.83

2008 $40,523

2013 $44,321

2018 $52,145.80

2021 $51,480

Average Cost of New Car

1930 $600.00

1940 $850.00

1950 $1,510.00

2023 $49,500

1960 $2,600.00

1970 $3,450.00

1980 $7,200.00

1990 $16,950.00

2000 $21,850

2008 $27,958

2013 $31,352

2018 $35,742

2021 Forcast increase 5.4%

Average Cost Gallon Of Gas

1930 10 cents

1940 11 cents

1950 18 cents

2023 July $3.68

1960 25 cents

1970 36 cents

1980 $1.19

1990 $1.34

2000 $1.26

2009 $2.051

2013 $3.80

2018 $2.82

2021 Current ( April ) $2.87

Our Price Basket from 2008 to 2023

Our Pricebasket showing inflation of food etc. from 2008 to 2023 Updated Price Basket 2023

This shows the highest increase since we began collecting the data in 2008

26% increase from 2021 to 2023

Our Basket includes 20 of the basics needed to live Bread, Milk, Meat, Sugar ETC.

Average Cost Loaf of Bread

1930 9 cents

1940 10 cents

1950 12 cents

2023 $2.50

1960 22 cents

1970 25 cents

1980 50 cents

1990 70 cents

2000 $1.26

2008 $2.79

2013 $3.80

2018 $1.98

2021 $2.12

Average Cost 1lb Hamburger Meat

1930 12 cents

1940 20 cents

1950 30 cents

2023 $7.92

1960 45 cents

1970 70 cents

1980 99 cents

1990 89 cents

2000 $2.46

2008 $3.99

2013 $4.68

2018 $4.32

2021 $4.03

Some of the above can be explained due to the inflation over 80 years , but there are also many other reasons why some prices increased dramatically ( Housing Bubbles. Middle East Wars, Weather problems causing food price inflation, Population explosion, ) it also can work the other way due to improvements in technology offering much cheaper goods for example TV's, Calculators, Computers ETC.