What was the average salary in the 1920's?

Wages in 1920

In 1920, the Internal Revenue Service reports, the average income was $3,269.40 per year.

How much did the average person make in 1929?

Middle-income families—those in the middle fifth of the aggregate income distribution— saw their average annual incomes, measured in constant dollars, increase from more than $15,000 in 1929 to more than $47,000 in 1998. National data on family or household income were not available before 1929.

What was the average salary in 1925?

The averages for males in all States were $36.67 in 1 $37.35 in 1928; for females, $23.40 in 1925 and $24.50 in 1928; and for both sexes, $36.37 in 1925 and $37.05 in 1928.

What was the average wage in 1922?

65.7 cents in 1922, and average full-time earnings per week were $37.05 in 1928, $36.37 in 1925, and $32.92 in 1922.

How much was a house worth in 1920?

If you dreamed of making the white picket fence a reality, a new house would've cost approximately $6,296–about $77,339 today. In 1920, to rent an apartment in New York City cost $60 per month.

What was life like in 1920's America?

How much did a house cost in 1921?

Housing Costs

Just under $6,300 for the average home in America in 1921, which would have been $77,339 today.

What was the minimum wage in 1929?

The U.S. Supreme Court later ruled several of the laws unconstitutional. (By 1929, every state had passed laws limiting child labor.) President Roosevelt's New Deal radically changed the employment landscape. The 1938 Fair Labor Standards Act (FLSA) established the first federal minimum wage at 25 cents an hour.

What was a good salary in 1900?

The Early 20th Century

The average American worker earned approximately $12.98 per week for 59 hours of work in 1900—$674.96 a year. Most workers did not earn that much money. There were no paid vacations, holidays or sick leave.

What was the average salary in 1918?

According to the Bureau of Labor Statistics, the average household earned $1,518 in 1918, which is the equivalent of $21,644 in 2008 dollars (the second most expensive year for gas dating back to 1918).

How much was rent in the 1920s?

Apartment rent

Rent prices for a single person's apartment in the 1920s averaged at about $60 per month. Yes… just $60 per month! According to the US Inflation Calculator, however, that amount of money would be equivalent to about $776 today, which is on the lower end of apartment rental prices nowadays.

What was the average salary during the Great Depression?

The average income of the American family dropped by 40 percent from 1929 to 1932. Income fell from $2,300 to $1,500 per year. During the 1930s, manufacturing employees earned about $17 per week. Doctors earned $61 per week.

How much did a gallon of milk cost in 1920?

In the Roaring '20s, milk was 35¢ or so per gallon.

How much was gas in the 1920?

Throughout the 1920s, gas prices averaged 21 to 30 cents per gallon.

What is a 1920 dollar worth today?

The U.S. dollar has lost 93% its value since 1920

$100 in 1920 is equivalent in purchasing power to about $1,445.54 today, an increase of $1,345.54 over 102 years. The dollar had an average inflation rate of 2.65% per year between 1920 and today, producing a cumulative price increase of 1,345.54%.

How much did a house cost in 1915?

The average cost of a house in 1915 was $3,200 ($75,600 in 2015 dollars) and the original Model T rolled off the line to the tune of $850 ($20,000 in 2015 dollars), but the average male worker only made $687 a year ($16,063 in today's money), according to the Bureau of Labor Statistics.

How much did a house cost in the 1900s?

The average home in America sold for approximately $5,000 in 1900. In 1900, shoppers could buy a 5-pound bag of flour for 12 cents. Round steak was 13 cents a pound, and bacon was a penny more.

What was the average income in 1915?

1915. Census Bureau data show that the median household income, measured from 2009 to 2013 (the most recent data available), is $53,046. Back in 1915, two years after income tax came on the scene, you were doing about average if you were making $687 a year, according to the Census. That is, if you were a man.

How much was a car in the 1920s?

By 1921, the same car was $310, or roughly $4,000 in today's money. Why the big drop? The car didn't change much over those years, but the real savings comes from Ford's increasing efficiency at his factory. His wanted to produce a car that average Americans could afford, and by the Roaring Twenties, he had.

What was the cost of everyday items in 1922?

Eggs were 35 cents a dozen, butter was 52 cents a pound and lard was 11 cents a pound. A one-pound loaf of bread was 5 cents and mixed nuts were 25 cents a pound. The store was also open Friday evening until 8:30 p.m., to help shoppers stock up.