The good ol' days
News Room Read 292 times

The good ol' days

Rate this item
(0 votes)

Some of our residents may remember...

In August 1947, the average  annual income was $3,456 and minimum wage was 40 cents per hour.

The average cost of a new house was $13,000. A loaf of bread was 12 cents, one-dozen oranges were 49 cents and postage stamps were three cents each. 

A ticket to a movie was 35 cents. A car cost $1,500. But best of all, gasoline was 23 cents per gallon-even cheaper than a gallon of milk, which was 80 cents.

The value of $1 in today’s currency would have been worth $5.92 in 1970.

The value of a dollar today, is worth less than it was in the past due to inflation. To offer further perspective, that same dollar was worth $23.63 in 1913.

More in this category: Previous Next