| YEAR Cost of 1 lb. of Bread | 1950 $0.12 | 1960 $0.23 | 1970 $0.25 | 1980 $0.50 |
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In 1950: a new house cost $8,450.00 . the average income per year was $3,210.00. a gallon of gas was 18 cents.
1950: 83¢ per gallon .
The price of eggs fell to 60 cents, or about $6.40 in today’s dollars, in 1950.
1950: 1 gallon of milk: 83 cents . Eggs: 60 cents per dozen . 1 loaf of bread: 30 cents .
Here’s how much the median home value in the U.S. has changed between 1940 and 2000: 1940: $2,938. 1950: $7,354 . 1960: $11,900.
By 1950, per TIME’s count, Levi’s had made 95 million pairs. (The going rate in 1950 was $3.50 a pop .)
Coffee was one of the more expensive items. You could get a pound of Bright & Early Coffee for 79 cents , the equivalent of $7.49 today.
Eggs cost 33 cents per dozen in 1940. The humble egg is one of those foods that pops up just about everywhere.
| Year Flour (5 lbs) Butter (lb) | 1960 55.4 74.9 | 1955 53.8 70.9 | 1950 49.1 72.9 | 1945 32.1 50.7 |
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| Year USD Value Inflation Rate | 1950 $300.00 – | 1951 $292.13 -2.62% | 1952 $257.33 -11.91% | 1953 $248.29 -3.51% |
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In 1950, a person could purchase a movie ticket for a mere 46 cents on average .
| Year USD Value Inflation Rate | 1947 $8.75 30.15% | 1948 $9.24 5.51% | 1949 $9.63 4.26% | 1950 $9.42 -2.14% |
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| Price of Goods, 1870 | Food Prices . | Land $5/acre (avg. 160 acres) $.50 cents/box | Homestead filing fee $14 $60 | House — 32’x40′ (4 rooms) $700 $8 |
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In 1957 the average cost of a new house was $12,220.00 the average cost of a gallon of gasoline was . 24 cents and some of the coolest and most iconic cars rolled out of Detroit.
U.S. house prices: average sales price of new homes sold 1965-2021. After plateauing between 2017 and 2019, house prices in the United States saw an increase in 2020 and 2021. The average sales price of a new home in 2020 was 389,400 U.S. dollars and in 2021, it reached 408,800 U.S. dollars.
Emily is a passionate arts and entertainment writer who covers everything from music and film to visual arts and cultural trends.