Cost Comparison 60 Years
Following on my last post I thought it would be interesting to publish some of my findings with prices etc. over the last 60 years
Average Price of a new house , A gallon of Gas, Average Wages
1937 $4,100.00 , 10 cents , $1,780.00
1947 $6,600.00 , 15 cents , $2,850.00
1954 $10.250.00 , 22 cents ,
1964 $13,050.00 , 30 cents , $6,000.00
1974 $34,900.00 , 55 cents , $13,900.00
1984 $86,730.00 , $1.10 , $21,600.00
1994 $119,050.00 , $1.09 , $37,070.00
2001 $136,150.00 , $1.46 , $42,350.00
These figures are the best figures I can come up with and from many different sources including old newspapers some from government statistics and books , I am afraid very little could be found on the Internet itself or I may well have published more
some of the figures are quite scary in how much they have changed and possibly contributed more to the haves and the have nots in our society
Reducing Prices Of Technology
1920's
Columbia Grafanola Wind up Gramophone $85 1921
1930's
Philco Radio 15 tubes With built in Ariel Tuning system with ultra high fidelity and able to pick up stations from countries around the world and Police, Air, and shipping $188 1934
1940's
Record Player / Radio Combination $59.00 1946
1950's
Sylvania 21 inch black and white TV $148.95 1955
1960's
9 inch portable TV UHF VHF $99.95 1965
1970's
JVC VHS Video Cassette Recorder $695 1979
Car 8 Track Stereo Tape Player $38.99 1970
Very Basic Scientific Calculator $199 1973
Smith Corona Electric Typewriter $199.00 1979
Sony Walkman $200 1979
1980's
Tandy 1000 Computer and Monitor $999 1985
Amiga 500 with Color Monitor $849 1988
Hands Free Operating Car Phone $788 1988
PC 30 mb Hard Disc with monitor 512k memory $1,249 1988
VHS Home Movie Camera $1,599 1988
Early PC Mouse Logitech $89.99 1988
Fisher Compact Disc Player Music Only $199 1985
1990's
PC 486/33 250 mb hard drive 3 1/2 inch floppy drive 1 mg memory $1,260.00 1993
Smith Corona Daisy Wheel Typewriter $179.00 1990
To gain some perspective remember the cost of some other items in some of the years featured
1973 Gallon of Gas 40 cents
1979 Average Cost of a new house $58,100
1985 Nissan Pickup Truck $5,634
1988 Gallon of Gas 91 cents
Many of the products above no longer exist or prices have changed so much they are of interest
All are taken from our Electrical sections which often have pictures from adds at the time
1920's Electrical and Electronics
1930's Electrical and Electronics
1940's Electrical and Electronics
1950's Electrical and Electronics
1960's Electrical and Electronics
1970's Electrical and Electronics
1980's Electrical and Electronics
1990's Electrical and Electronics
Average Price For House UK - US Over 70 years
Below is an idea of average house price in UK Pounds Stirling since 30's in red
The figure in black is basic conversion of $ to the pound for our US visitors ( ranging from $4.80 to the pound in 30's to $2.00 per pound current exchange rates used at end of table )
The last figure in green is US new house price averages for the same year
Average House Price, Year, UK Pounds, Converted to $, US Price
Average House Price 1931 600 $2,880 $6,790
Average House Price 1953 2,006 $5,616 $3,920
Average House Price 1962 2,950 $8,260 $9,550
Average House Price 1975 11,787 $29,467 $12,500
Average House Price 1984 37,182 $48,366 $86,730
Average House Price 1997 71,248 $113,996 $124,100
Average House Price 2006 180,578 $361,156 $299,900
Exchange Rates Used for Conversion ( Current Exchange Rates on those dates )
I did find it interesting that we are worried over the current $2.05 to the pound exchange rate when we look at these long term exchange rates
1931 $4.80 to the Pound
1953 $2.80 to the Pound
1962 $2.80 to the Pound
1975 $2.50 to the Pound
1984 $1.30 to the Pound
1997 $1.60 to the Pound
2000 $2.00 to the Pound
No comments:
Post a Comment