Supporting Information
| Year | Gasoline Price (Current dollars/gallon) | Gasoline Price (Constant 2011 dollars/gallon) |
|---|---|---|
| 1960 | 0.31 | 1.86 |
| 1961 | 0.31 | 1.87 |
| 1962 | 0.31 | 1.83 |
| 1963 | 0.31 | 1.80 |
What was the price of a gallon of milk in 1965?
Prices
| Cost of a new home: | $21,500.00 |
|---|---|
| Cost of a first-class stamp: | $0.05 |
| Cost of a gallon of regular gas: | $0.31 |
| Cost of a dozen eggs: | $0.53 |
| Cost of a gallon of Milk: | $0.95 |
What was the price of a loaf of bread in 1965?
49 cents. A loaf of bread is about $2.00. A gallon of milk is more than $4.00.
What was the average home price in 1965?
Compared to 1965, the average cost of a home in the United States is now $340,100 higher; a new abode cost just $21,500 in 1965! All of this made us curious: What were the average prices of other necessities five decades ago?
How much was a house in 1977?
According to most experts, this is the most accurate measure of home sales price growth or decline in a given year. Over this 36 year period, the average annual price increase in California has been 8.9%….
| Year | Median Price | Increase/Decrease |
|---|---|---|
| 1977 | $62,290 | 28.1% |
| 1978 | $70,890 | 13.8% |
| 1979 | $84,150 | 18.7% |
| 1980 | $99,550 | 18.3% |
What would a dollar buy in 1960?
Value of $1 from 1960 to 2021 $1 in 1960 is equivalent in purchasing power to about $9.18 today, an increase of $8.18 over 61 years. The dollar had an average inflation rate of 3.70% per year between 1960 and today, producing a cumulative price increase of 817.89%.
