What was a good wage in 1960?
Indexing yearly income
| Year | Wage Index |
|---|---|
| 1957 | $3,641.72 |
| 1960 | $4,007.12 |
| 1963 | $4,396.64 |
| 1966 | $4,938.36 |
What was the average hourly wage in 1957?
Adjusted for inflation, $1.00 in 1957 is equal to $9.44 in 2021. Annual inflation over this period was 3.57%. In the year 1957, the United States minimum wage was $1.00. This is equivalent to $9.44 in 2021 dollars.
What was minimum wage in 1957?
Data in current dollars and constant 1996 dollars
| Value of the minimum wage | ||
|---|---|---|
| Year | Current dollars | Constant (1996) dollars 1 |
| 1955 | $0.75 | $4.39 |
| 1956 | 1.00 | 5.77 |
| 1957 | 1.00 | 5.58 |
What was the average income in 1957?
$5,000
What was the average salary in 1954?
$4,200
How much did a gallon of milk cost in 1954?
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.
What was the hourly wage in 1954?
Here’s how much the 1954 minimum wage of $0.75 would be worth over time, compared to the actual minimum wage from that year….1954 United States Minimum Wage in Today’s Dollars.
| Year | Inflation-adjusted | Actual |
|---|---|---|
| 1957 | $0.77 | $1.00 |
| 1956 | $0.75 | $1.00 |
| 1955 | $0.74 | $0.75 |
| 1954 | $0.75 | $0.75 |
What was a good wage in 1973?
Men and women who were income recipients in 1973 had median incomes of $8,060 and $2,800, respectively. The rate of increase between 1972 and 1973 in the medians was about 8 percent for both men and women.
