Even adjusted for inflation, the median home price in 1940 would only have been $30,600 in 2000 dollars, according to data from the U.S. Census. Here’s how much the median home value in the U.S. has changed between 1940 and 2000: 1940: $2,938. 1950: $7,354.

How Much things cost in 1944 Average Cost of new house $3,450.00 Average wages per year $2,400.00 Cost of a gallon of Gas 15 cents Average C…

Let’s take a step back in time and see what a house cost the decade you were born. According to data from the U.S. Census Bureau, the median home value in 1940 was a mere $2,938. In 1950, it crept up to $7,354. In 1960, it had risen to $11,900, then $17,000 in 1970.

In 1938, the first federal minimum wage was established at $0.25 an hour across the country. Adjusted for inflation, however, that would only be worth $4.63 an hour today.

$3,139.44

How much did the average person make a year in 2020? A US worker typically earns about $94,700 per year. The lowest median American salary is about $24,000 while the highest average salary is $423,000, although the actual maximum salary is much higher.

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.

Median household income in the United States from 1970 to 2014, by income tier (in U.S. dollars)

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.