At the dawn of the ’70s, a dozen eggs cost 60 cents. Orville Redenbacher’s popcorn and Hamburger Helper were the primary culinary innovations of the year.
However, in 1970, you could purchase a loaf of bread for the low price of $0.25 .
a loaf of bread: 7 cents. a dozen eggs: 34 cents .
1970: To put it into perspective, $1 in 1970 would be around $6.55 today. Some of the most popular grocery items were: Cheese logs.
In 1970, a pound of bacon cost 95 cents, a dozen eggs cost 60 cents, bread was priced at 24 cents, 10 pounds of potatoes was 90 cents , coffee was 91 cents and a gallon of orange juice cost 86 cents. And while breakfast in 1970 may have cost you $4.46, lunch for one cost only a buck.
The price of eggs fell to 60 cents, or about $6.40 in today’s dollars, in 1950.
| Effective Date New Minimum Wage Percentage of Increase Over Previous Wage | February 8, 1943 $0.45 36.36 percent | 1920 $0.33 17.86 percent | 1919 $0.28 33.33 percent | 1918 $0.21 31.25 percent |
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In the early 1970’s, the fare rose to 35 cents . So did pizza. Through the years, the increases went more or less in tandem.
| Year USD Value Inflation Rate | 1970 $102.31 -7.67% | 1971 $109.27 6.80% | 1972 $116.39 6.52% | 1973 $138.73 19.19% |
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Observe that in constant dollars, movie-ticket prices more than doubled between 1935 (when they cost a quarter; that’s $2.93 in 1999 dollars) and 1970 (when they cost $1.55 ; $6.68 in 1999 dollars).
| Year Total TV revenue(millions of $) Average ticket price | 1967 $ 28.93 $12.78 | 1968 $ 31.04 $12.58 | 1969 $ 38.04 $12.76 | 1970 $ 38.09 $12.57 |
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In 1970, on average, a man working full-time, year-round could earn approximately $9,180 a year, could rent for $108 a month, and could buy a gallon of gas for $0.36. A 1970 man’s annual base expenses totaled about $2,170 for shelter, gas (figuring around 760 gallons per year), and groceries (about $50 per month).
1970: $1.32 per gallon .
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.
| Year USD Value Inflation Rate | 1950 $20.00 -5.31% | 1951 $18.33 -8.35% | 1952 $24.81 35.37% | 1953 $28.03 12.94% |
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| Year Median Home Value Household Median Income | Year Median Home Value Household Median Income | 1950 $7,400 $2,990 | 1960 $11,900 $4,970 | 1970 $17,000 $8,734 |
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Known as a jack of all trades and master of none, though he prefers the term "Intellectual Tourist." He spent years dabbling in everything from 18th-century botany to the physics of toast, ensuring he has just enough knowledge to be dangerous at a dinner party but not enough to actually fix your computer.