What was a good salary in 1940?

The 16th decennial census of population began on April 1, 1940. The average income was $1,368, and the average unemployment rate in the 1930s was 18.26 percent, up from the average of 5.2 percent in the 1920s.

What was good pay in 1940?

The median income for a man in 1940 was $956. Seventy years later, the median income was $33,276. Women in 1940 earned 62 cents for every dollar a man earned.

What was the average weekly salary in the 1940s?

From the early part of 1940 to the middle of 1943, average weekly wages in manufacturing establishments covered by State unemployment compensation laws increased 71 percent, from $26 to $45; average weekly wages in the combined group of industries we have classified as white-collar increased 21 percent, from $24 to $29 ...

What was a good salary in 1942?

Of course, the average American's yearly income in 1942 was $1,885, so $420 was a big chunk of change in those days.

What was a good salary in 1944?

The median civilian money wages and salaries of primary families were about twice as high in 1944 ($2,697) as in 1939 ($1,389). Primary individuals not in families also increased their median wages and salaries during this period from $764 in 1939 to $1,332 in 1944.

History Brief: Daily Life in the 1930s

What was the average salary in 1940?

The 16th decennial census of population began on April 1, 1940. The average income was $1,368, and the average unemployment rate in the 1930s was 18.26 percent, up from the average of 5.2 percent in the 1920s.

What things cost in 1940?

How much did a car cost in 1942?

In 1942 the average new car cost $800, or 23 ounces of gold. Since average weekly income in 1942 was $40, it took just 20 weeks for the average worker to earn enough money to buy the average new car. Today the average new car cost $37,000, or 20 ounces of gold.

What was considered rich in 1950?

Average family income in 1950 was $3,300, or $200 higher than in 1949, according to estimates issued today by Roy V. Peel, Director, Bureau of the Census, Department of Commerce.

What was the average salary in 1948?

The income of the average (median) family was $3,200, or about $150 higher than in 1947 and about $600 higher than in the war years of 1944 and 1945.

What was average income 1934?

Low Average Annual Earnings in Industry in 1934

Averaging $1,545 in the latter year, annual wage payments had fallen to $821 by 1933. but they increased to $959 in 1934. [2] Average hourly earnings are computed also by the Bureau of Labor Statistics.

What was the average wage in 1949?

The income of the average family was $3,100 in 1949. Although this was somewhat lower than the figure for the preceding year, it was still about $500 higher than the medians for the war years of 1944 and 1945.

How much was eggs in 1942?

1942: 48 cents

The price of eggs increased to 48 cents in 1942 as WWII raged and wartime food rationing kicked in.

How much did a cup of coffee cost in 1942?

CENTS WAS THE PRICE OF COFFEE AT A TIME, MOVIES were 10 cents and THE PRICE OF COFFEE WAS 5 cents.

What was the most popular car in the 1940s?

Cadillac Series 62 was the quintessential '40s car, alongside the Buick Super, the Roadmaster and the Oldsmobile 98.

How much was a steak dinner in 1940?

Today, if you took your date to Keens Steakhouse—one of the most famous steak joints in New York City—a sirloin would set you back $56 per person. In the 1940s and 1950s, however, that same dish at the same restaurant would cost you just $2.25.

How much was a car in 1940?

A new car back in 1940s was about 800 dollars and a gallon of gas was whooping 18 cents. On average most cars got about 15 to 20 miles per gallon.

What was the average income of an American worker in 1955?

The average (median) income of men was $3,400 in 1955, a gain of about $160 over the previous year. Increased wage rates together with greater regularity of employment in 1955 largely accounted ror this substantial rise.

What was the average salary in 1960?

For the country as a whole, the average (median) income of families in 1960 was $5,600; but, for families headed by persons 65 years and over, the average was only $2,900, according to estimates released today by the Bureau of the Census, Department of Commerce.

What was the average hourly wage in 1930?

In total, the average entrance rate for common labor was $0.45 an hour, with a low of $0.15 and a high of $0.95. The study also looked at geographical differences, which showed that workers in the North made significantly more (average of $0.48 per hour) than those in the South ($0.34 per hour on average).