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17 de nov. de 2020 · The data for 2020 was released on Oct. 29 and includes the average pricing through September 2020, the most current data available on the index. Keep reading to discover how much basic goods cost in the year you were born and how world events have affected consumer spending habits.
- Ben Wittstein
10 de abr. de 2024 · $100 in 1931 is equivalent in purchasing power to about $2,054.82 today, an increase of $1,954.82 over 93 years. The dollar had an average inflation rate of 3.30% per year between 1931 and today, producing a cumulative price increase of 1,954.82% .
YearDollar ValueInflation Rate2024$2,054.822.50%*2023$2,004.624.12%2022$1,925.378.00%2021$1,782.704.70%- Average Price of A New Car
- Average Price of A New Home
- Average Price of Rent
- Average Price of A Gallon of Gas
- Average Price of A Movie Ticket
- Average Price of A Postage Stamp
- Average Price of Loaf of Bread
- Average Price of A Gallon of Milk
- Average Price of A Pound of Hamburger
- Average National Wage
In 1931, the average price of a new car was $640. The top three automakers were General Motors, Ford Motor Company, and Chrysler—still familiar names in the auto industry!
The average price of a new home in 1931 was $6,790. Popular styles included Colonial, Cape Cod, and Tudor. Many homes from the 1930s featured slate roofs, glass doorknobs, and arched doorways.
Before 1950, most U.S. families rented their homes. Renters in 1931 paid an average of $18 per month to their landlord in rent.
In 1931, the average price for a gallon of gas was 10 cents. Filling stations were popping up all over the country, where an attendant would pump gas for you. The self-service stations we have today didn’t become popular until 1973.
Going to the movie theater provided a brief escape from the crisis of the Great Depression. Popular genres included musicals, comedies, gangster films, westerns, and thrillers. The average cost for a movie ticket in 1931 was 35 cents.
In 1931, the Railway Mail Service handled nearly all the non-local mail in the United States. Postal clerks sorted the mail on trains as they moved across the country. Postal carriers delivered packages and letters by automobile. The cost of a postage stamp in 1931 was 2 cents.
In 1931, the average cost for a loaf of bread was 8 cents. When a loaf of bread became stale and hard, people made “cooked bread” by pouring olive oil, salt, and boiling water over the bread to soak it, then mashing it up.
The average price of a gallon of milk in 1931 was 26 cents. Milk was considered a kind of superfood, and the government advised kids to drink up to a quart a day. Popular Depression-era recipes that used milk were creamed chip beef on toast, cold milk soup (milk, bananas, and sugar), and hot milk cake.
In 1931, the average price for a pound of hamburger was 11 cents. Home cooks made “Depression burgers” with bread, eggs, and vegetable or meat scraps. An Oklahoma restaurant owner began making onion burgers, made up mostly of shredded onions to keep his burgers affordable. Fried onion burgers are still a beloved Oklahoma specialty.
Unemployment was at record highs during the Great Depression, and the average national wage in 1931 was $1,850 per year.
21 de jul. de 2010 · By the summer of 1931, when the Depression was about two years old, this deflation had brought prices down almost 13 percent from their 1929 peak. It was difficult for homeowners and farmers to...
21 de sept. de 2011 · 1931 Prices including Wages, Houses and Gas, Events inc. Dust Bowl, unemployment rises to 16.3%, Empire State building Completed, Gambling legalized in Vegas, Yellow River flood in China, Australia Gains Independence ...
26 de jun. de 2019 · 1970. With a recession in the mid-1970s (due in part to rising grain and oil prices), inflation surged, and many foods became more expensive. Home cooks of the ’70s were enamored of cheese logs, carrot cake and meat loaf. For reference, $1 in 1970 would be about $6.55 today. Milk: $1.32 per gallon.
Yet the report was still a useful comparison of the relative costs of working-class living in different places at the beginning of 1931. What does it cost to live? So stated, the question is meaningless; for the answer must depend not only on where you live and when you live, but also on how you live. In a sense, a man can live anywhere and ...
