In 1950:
- a new house cost $8,450.00
- the average income per year was $3,210.00
- a gallon of gas was 18 cents
- the average cost of new car was $1,510.00
A few more prices from the 50’s and how much things cost
Chrysler New Yorker $4347
1958 Chevrolet Corvette $3631
Men’s All Wool Suits $28.90
Square dance Cotton Check Dress $3.29
Electric Portable Singer Sewing Machine $19.90
Ronson Electric Shaver $28.50
Rib Roast 29 cents per pound
Ritz Crackers 32 cents
Rollaway Beds $14.95
Ring 1 carat Diamond $399.00
Mechanical Adding Machine $3.98
Source: The People History