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

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 Forcast increase 8%

Average Wages

1930 $1,970.00

1940 $1,725.00

1950 $3,210.00

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 Forcast increase 2.5%

Average Cost of New Car

1930 $600.00

1940 $850.00

1950 $1,510.00

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

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

Price Basket

2008 to 2021

Our Pricebasket showing inflation of food etc. from 2008 to 2021

Since 2008 to 2020 each year we have created our own Inflation basket which includes a mix of 30 + items including food, goods and services, one of the many things it shows is inflation as measured by basic food and just 1 gallon of gas is vastly different compared with any government produced figures

Our Pricebasket showing inflation of food etc. from 2008 to 2021

Average Cost Loaf of Bread

1930 9 cents

1940 10 cents

1950 12 cents

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

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.