US Cost of Living

 The average annual wage in the US has increased from $1,970 in 1930 to $46,800 in 2019. The 1913 US dollar is now worth 3 cents, due to excessive inflation over the past 100 years.

US Average Annual Wage

1930 $1,970

1940 $1,725

1950 $3,210

1960 $5,315

1970 $9,400

1980 $19,500

1990 $28,960

2008 $40,523

2012 $44,321

2019 $46,800

The average cost of a new car in the US has increased from $600 in 1930 to $34,000 in 2019.

Average Cost of New Car

1930 $600 30% of wage

1940 $850

1950 $1,510

1960 $2,600

1970 $3,450

1980 $7,200 37% of wage

1990 $16,950

2008 $27,958 69% of wage

2013 $31,352

2019 $34,000 73% of wage

The average cost for a gallon of gasoline in the US has increased from 9 cents/gal in1930 to $2.70 /gal. in 2019.

Average Cost per Gallon of Gasoline

1930 9 cents

1940 10 cents

1950 18 cents

1960 25 cents

1970 36 cents

1980 $1.19

1990 $1.34

2009 $2.05

2013 $3.80

2019 $2.70

The average coat of a loaf of bread in the US increased from 3 cents in 1930 to $2.50 in 2019.

Average Cost for Loaf of Bread

1913 3 cents

1930 9 cents

1940 10 cents

1950 12 cents

1960 22 cents

1970 25 cents

1980 50 cents

1990 70 cents

2008 $2.79

2013 $1.98

2019 $2.50

The average cost of a pound of hamburger in the US increased by from 12 cents/lb. in 1930 to $4.17/lb. in 2019.

Average Cost 1lb Hamburger Meat

1930 12 cents

1940 20 cents

1950 30 cents

1960 45 cents

1970 70 cents

1980 99 cents

1990 89 cents

2009 $3.99

2013 $4.68

2019 $4.17

http://www.thepeoplehistory.com/70yearsofpricechange.html

The Median Price of a single family home increased from $2,938 in 1940 to $119,600 in 2000.

Year Home Price

1940 $2,938

1950 $7,354

1960 $11,900

1970 $17,000

1980 $47,200

1990 $79,100

2000 $119,600

https://www.census.gov/hhes/www/housing/census/historic/values.html

The average cost of tuition, fees, room and board at US Public Universities increased from $7,770 in 1980 to $21,370 in 2020.

Year  Education Cost

1980 $7,770

1990 $9,800

2000 $12,310

2010 $18,700

2020 $21,370

https://www.cnbc.com/2019/09/04/heres-how-much-college-cost-the-year-you-were-born.html

The average annual cost of US healthcare increased from $146 per person in 1960 to $11,172 per person in 2018.

Year   US Cost   Per Person Cost

1960   $27.2B        $146

1970   $74.6B        $355

1980   $255.3B      $1,108

1990   $721.4B      $2,843

2000   $1369.7B    $4,857

2010   $2598.8B    $8,412

2018   $3649.4B    $11,172

https://www.thebalance.com/causes-of-rising-healthcare-costs-4064878

The US spends $8 trillion a year on federal, State and local government “services”. That’s 40% of US GDP. The US National Debt is $23.3 trillion compared to GDP of $21.8 trillion.

Norb Leahy, Dunwoody GA Tea Party Leader