Question: What Was A Good Salary In 1960?

What was the average wage per hour in 1960?

Value of the minimum wage, 1960–2011Minimum wageCurrent dollars2011 dollars1960$1.00$6.6519671.408.2519731.607.2423 more rows.

What was a good salary in 1970?

The median money income of families in the United States was $9,870 in 1970, according to estimates recently released by the Bureau of the Census, Department of Commerce. This was about $440, or 4.6 percent higher than the 1969 figure of $9,430.

How much did a TV cost in 1950?

The televisions of the 1950s ranged in price from $129 to $1,295. Televisions were grouped into four different categories: black and white console, black and white tabletop, color console and color tabletop. Ten different companies made televisions during the 1950s, and five of them released more than one model.

What would $45 000 in 1960 be worth today?

Value of $45,000 from 1960 to 2021Cumulative price change779.98%Average inflation rate3.63%Converted amount ($45,000 base)$395,990.88Price difference ($45,000 base)$350,990.88CPI in 196029.6004 more rows

How much did a house cost in 1960?

In 1960, the median home value in the U.S. was $11,900, which is the equivalent of around $98,000 in today’s dollars, and in 2000, SLH notes, it rose to over $170,000. And it has only kept rising. As of April 2018, the median home value has ballooned to over $210,200, according to Zillow.

What was a good salary in 1965?

According to estimates released today by the Bureau of the Census, Department of Commerce, the average (median) income of families in 1965 was $6,900, a gain of about $310, or 5 percent, over 1964.

How much did a Coke cost in 1960?

Between 1886 and 1959, the price of a 6.5-oz glass or bottle of Coca-Cola was set at five cents, or one nickel, and remained fixed with very little local fluctuation.

What was the average wage in 1968?

approximately $7,700Median household income rose to approximately $7,700 in 1968 from the 1967 median of about $7,200. Although these figures represent an increase of about 8 percent, because of price in- creases the gain in real purchasing power is about 3.5 percent.

What was middle class income in 1960?

In terms of constant (1960) dollars, the median family income increased from $4,000 in 1947 to $5,600 in 1960, or by 40 percent. This represented a rate of growth that averaged about 2 1/2 percent per year over this period. The Consumer Price Index of the Department of Labor averaged 124.6 in 1959 and 126.5 in 1960.

How much did a pizza cost in 1960?

In 1960, the fare was 15 cents. That was what a slice of pizza cost, too. By the early 70’s, the fare had risen to 35 cents.

How much did a TV cost in 1960?

Buying power of $300 since 1960YearUSD ValueInflation Rate1960$300.000.58%1961$291.04-2.99%1962$276.95-4.84%1963$270.63-2.28%57 more rows

How much did a new car cost in 1960?

How Much Cars Cost In The 60’s. In 1960 the average new car costs about 2,752 dollars, and a gallon was gas was around 31. cent. In 1960 Chevrolet introduced the XP700 Corvette experimental car.

How much did nurses make in 1950?

Nurses were also required to purchase a cape after six months, which in the 1950s cost anywhere from $21-$30. After graduating, salaries for nurses at the time averaged $140 per month, but some hospitals paid as little as $90 per month.

What was the hourly wage in 1967?

$1.40Minimum hourly wage of workers in jobs first covered byEffective Date1938 Act 11961 Amendments 2Sep 3, 1964$1.15Sep 3, 1965$1.25Feb 1, 1967$1.40$1.40Feb 1, 1968$1.60$1.6025 more rows

What was a good salary in 1950?

Average family income in 1950 was $3,300, or $200 higher than in 1949, according to estimates issued today by Roy V. Peel, Director, Bureau of the Census, Department of Commerce.

How much did a house cost in 1950?

The Changing Math Behind Homeownership in the U.S.YearMedian Home ValueHousehold Median IncomeYearMedian Home ValueHousehold Median Income1950$7,400$2,9901960$11,900$4,9701970$17,000$8,7344 more rows•Apr 10, 2018

How much was rent in the 1970s?

$108 A MONTH RENT WAS MEDIAN IN 1970 – The New York Times.

How much was a pint in 1970?

I regret that the average price of draught beer sold in public bars in June, 1970, is not available, but in July, 1970, it was about 26.5 old pence a pint, compared with about 13.0 new pence a pint in April, 1972.