For the most part, things cost significantly less in 1954 than they do in the 21st century. Many common household items were less than $1. A loaf of bread cost about 17 cents, and 1 pound of cheese cost between 50 cents and 70 cents, depending on the type.Know More
Purchasing a postage stamp only required 3 cents, and steak for one person cost about 95 cents. A movie ticket was approximately 70 cents, and 1 gallon of gas was only 22 cents.
Not everything was significantly less expensive in 1954 than contemporary times, however. A gallon of milk cost about 91 cents, which is only about $1.25 less than the average price of 1 gallon of milk in 2014. A new washing machine cost about $155 in 1954, which is only about $100 less than a basic top-loading model costs today.
A person could purchase a new house for less than $20,000 in 1954, and for less than $2,000, he could put a new car in the driveway. A new, fashionable dress could be purchased for around $15. It's also important to consider that the average annual salary during this era was less than $4,000. Adjusted for inflation, that would be the equivalent of about $35,000 per year in 2014.Learn more about Currency & Conversions
For the most part, dentures are more affordable than implants, explains The New York Times. In 2010, full-mouth implants ranged from $20,000 to $45,000 on average, and full dentures averaged around $2,500.Full Answer >
In 1964, milk cost between 93 cents and $1.06, bread cost about 21 cents and a ticket to the movies cost up to $1.25. Approximately $13 during the same year would have had the same amount of spending power of about $100 in 2014 after accounting for inflation.Full Answer >
In 1939, the cost to purchase a house in the United States was between $3,800 and $6,400. Renting a house cost approximately $28 per month.Full Answer >
In 1956, there was a spike in the living standards of the average American, and because of that, a 1.52 percent annual inflation rate lead to a slight increase in the cost of commodities. The average yearly American salary was $4,450. Also, one in every three American pursued an undergraduate education, leading to a rise in the country's income.Full Answer >