The average family income was $16,000, a new house cost around $43,000, and the retail price for a gallon of gas averaged 59 cents.
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Q. Why is gas 9 10th?
The practice of tacking 9/10 of a cent on the end of a gas price goes back to when gas cost only pennies per gallon and was a tax imposed by state and federal governments. Gas stations added the fraction of a cent on the end of the price instead of rounding up the price.
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Q. How much was gas 1923?
Gasoline 20 Cents a Gallon?
| Cost/gal | Value of Silver in a dime | |
|---|---|---|
| 1923 | $0.22 | $ 0.05 |
| 1924 | $0.21 | $ 0.05 |
| 1925 | $0.22 | $ 0.05 |
| 1926 | $0.23 | $ 0.04 |
Q. What was the average house price in 1980?
1980s house prices By the 1980s the house price boom had taken off in earnest, with the average house price trebling while incomes rose a modest 17%. That meant for the first time the average home became higher than the average income – in fact twice as high.
Q. How much was $10000 1940?
Value of $10,000 from 1940 to 2021
| Cumulative price change | 1,840.69% |
|---|---|
| Average inflation rate | 3.73% |
| Converted amount ($10,000 base) | $194,068.57 |
| Price difference ($10,000 base) | $184,068.57 |
| CPI in 1940 | 14.000 |
Q. What was a million dollars worth in 1950?
Value of $1,000,000 from 1950 to 2021 $1,000,000 in 1950 is equivalent in purchasing power to about $11,273,692.95 today, an increase of $10,273,692.95 over 71 years. The dollar had an average inflation rate of 3.47% per year between 1950 and today, producing a cumulative price increase of 1,027.37%.
Q. How much is a $10000 gold certificate worth?
All Ten Thousand Dollar Gold Certificates are Large Size bills, meaning much larger than the typical bill today that easily fits in a wallet. The value of $10 Gold Certificates can be anywhere from $2,000 to over $3,000 depending on factors we’ll cover in the rest of this guide.
