1950s: what did it cost?
If you were a consumer in 1950, you would have paid, on average, $8,450 for a new house. Check out some other pricey items from the decade, and see what inflation did to costs.
- A new house cost $8,450 in 1950 and $12,400 in 1959.
- The average annual income in 1950 was $3,210 and $5,010 in 1959.
- The average cost of a new car in 1950 was $1,510; in 1959 it was $2,200.