How much did things cost in 1960 - USA?
Prices have risen considerably since 1960. This table gives you an idea of how prices have changed since 1960.
Many things were much cheaper: houses, cars, posting a letter and cigarettes.
These are some prices of items in 1960.
| 1960 price | Inflation adjusted | |
|---|---|---|
| Average house price (1) | $14,607 | $137,000 |
| Gallon of gas | 31c | $2.90 |
| Ford Fairlane V8 Fordor Sedan | $2,499 | $23,500 |
| Emerson 21" console television | $109.87 | $1,000 |
| General Electric 6-transistor radio | $23.97 | $225 |
| Zenith Royal 50 shirt pocket transistor radio | $29.95 | $280 |
| 20 cigarettes (average price) (2) | 27c | $2.50 |
| Posting a letter | 4c | 38c |
| Newspaper: The New York Times | 5c | 47c |
| Hamburger at McDonald's | 15c | $1.40 |
| Papermate Holiday ballpoint pen | $1.79 | $17 |
| Flour (5lb) | 55c | $5.20 |
| Bread (per lb) | 20c | $1.90 |
| Road steak (lb) | $1.06 | $10 |
| Chuck roast (lb) | 62c | $5.80 |
| Pork chops (lb) | 86c | $8 |
| Bacon (lb) | 66c | $6.20 |
| Butter (lb) | 75c | $7 |
| Eggs (dozen) | 57c | $5.40 |
| Milk (½ gallon) | 52c | $4.90 |
| Oranges (dozen) | 75c | $7 |
| Potatoes (10lb) | 75c | $7 |
| Canned tomatoes (No. 303 can) | 16c | $1.50 |
| Navy beans (lb) | 17c | $1.60 |
| Coffee (lb) | 75c | $7 |
| Margarine (lb) | 26c | $2.40 |
| Sugar (5lb) | 58c | $5.50 |
References
(1) '60 Home buyers paid higher price: F.H.A. Study Shows Ability to Pay Also Increased for Average, Published in the New York Times Mar 12, 1961, page R11
(2) 'Agricultural Statistics 1966', published by the US Department of Agriculture 1966, page 112
By Steven Braggs, November 2023
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