Average Cost of living Prices in 1...

Average Cost of living Prices in 1953 ,Wow

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Since: Mar 08

Rockford, MI

#1 Apr 8, 2008
I just thought this was to funny, houses...$16.937, cars $2,552,gas .29 cents ,Stamps .03 cent,flour .07 cent,eggs .30,bacon.56pound, And Average incomes $1,970.00. And President Eisenhower Speaks On U.S. Econmy saying he felt good about our economy.Gosh, I wonder what he would say to todays prices? Have a nice Day

“Taz say Hi”

Since: Jan 08

Holland,MI

#2 Apr 8, 2008
In 1950, my dad bought an old farmhouse with 1-1/2 acres for, if I remember correctly, about 1500. I bought a new car in 1964 for $1995 and my house in 1973 for $17,500. In 1998, I bought my truck (GMC Sonoma) for $11,750 and I'm still driving it.
I don't remember many prices in 1953, per se, as I was only 8 years old at the time. I do remember picking blueberries in the '50s to earn money for a used bicycle for $5. I've been working ever since until I retired last year. I pumped gas in the '60s as a second job when gas prices were in the 30 cent range (before selfserve stations). My Opel Kadett Sport Coupe got over 35 mpg on a trip so I could go a long ways on one tankful (about 8-1/2 gal.). Now my GMC gets about 33.5 mpg on a trip, and my house is worth over $100K.

Since: Mar 08

Rockford, MI

#3 Apr 8, 2008
Gentle Taz wrote:
In 1950, my dad bought an old farmhouse with 1-1/2 acres for, if I remember correctly, about 1500. I bought a new car in 1964 for $1995 and my house in 1973 for $17,500. In 1998, I bought my truck (GMC Sonoma) for $11,750 and I'm still driving it.
I don't remember many prices in 1953, per se, as I was only 8 years old at the time. I do remember picking blueberries in the '50s to earn money for a used bicycle for $5. I've been working ever since until I retired last year. I pumped gas in the '60s as a second job when gas prices were in the 30 cent range (before selfserve stations). My Opel Kadett Sport Coupe got over 35 mpg on a trip so I could go a long ways on one tankful (about 8-1/2 gal.). Now my GMC gets about 33.5 mpg on a trip, and my house is worth over $100K.
Youre, house is worth gold now haha, I mean I sure wish I would of kept the first house we Bought $5,700 ,And thought that was alot of money in 1971,Now we paid 164,00 3 years ago and anit worth s.hit haha ,Oh and that Gas hog ford truck of mine,paid for and sits in driveway, WE drive the ford taurus now cheaper on gas. Boy, if I could of foreseen the future,we still would of been in that small house as of today,But with 4 kids, out grew that real fast,I think now I would of suffered.
Taxpayer

Grand Rapids, MI

#4 Apr 8, 2008
tampabay wrote:
I just thought this was to funny, houses...$16.937, cars $2,552,gas .29 cents ,Stamps .03 cent,flour .07 cent,eggs .30,bacon.56pound, And Average incomes $1,970.00. And President Eisenhower Speaks On U.S. Econmy saying he felt good about our economy.Gosh, I wonder what he would say to todays prices? Have a nice Day
Let's thank the presidents that had the "new deal" and "great society" ideas to introduce welfare programs. I guess I could go much farther back and give my thanks (oh so sincerely!) to Lincoln too...
fed up with racists

Hudsonville, MI

#5 Apr 8, 2008
You have a problem and a crappy attitude.. everyone has problems but whining about "everybody being on welfare and getting a free ride" is just ignorant and untrue.

“Just Thinking”

Since: Nov 07

United States

#6 Apr 8, 2008
Where is the original story? Does anyone know? Thanks.

“Taz say Hi”

Since: Jan 08

Holland,MI

#7 Apr 8, 2008
kclh_thunk wrote:
Where is the original story? Does anyone know? Thanks.
The original story is the first post on this thread.

“Taz say Hi”

Since: Jan 08

Holland,MI

#8 Apr 8, 2008
tampabay wrote:
<quoted text> Youre, house is worth gold now haha, I mean I sure wish I would of kept the first house we Bought $5,700 ,And thought that was alot of money in 1971,Now we paid 164,00 3 years ago and anit worth s.hit haha ,Oh and that Gas hog ford truck of mine,paid for and sits in driveway, WE drive the ford taurus now cheaper on gas. Boy, if I could of foreseen the future,we still would of been in that small house as of today,But with 4 kids, out grew that real fast,I think now I would of suffered.
I figured our house was a pretty good deal in 1973 as we had looked at others that we didn't like as much for more money. It's three bedroom, one bath, full basement, finished attic, two stall garage on a nice sized lot. We raised 4 kids in this house, using bunk beds. As for my choice of truck, I chose the 4 cylinder version for the gas mileage. It'll haul a good honest 1/2 ton load with no problem and although a sheet of plywood will stick out of the back of the short box, it will haul plywood just fine.

Since: Oct 07

GR

#9 Apr 8, 2008
If the average income was $1,970 in 1953 and gas was .29 cents/gallon, that means we are getting a bargain today.
$1,970 divided by 52 weeks=$37.88/week
15 gallons of gas@.29/gallon=$4.35
That is 11.5% of your weekly income for 15 gallons (and don't forget the horrible MPG back then).
Now, today...
$37,500 (avg income) divided by 52 weeks=$721.15/week
15 gallons of gas @$3.41/gallon=$51.15
That is 7.1% of your weekly income for 15 gallons, and with MUCH better MPG!

Since: Mar 08

Rockford, MI

#10 Apr 8, 2008
Gentle Taz wrote:
<quoted text>
I figured our house was a pretty good deal in 1973 as we had looked at others that we didn't like as much for more money. It's three bedroom, one bath, full basement, finished attic, two stall garage on a nice sized lot. We raised 4 kids in this house, using bunk beds. As for my choice of truck, I chose the 4 cylinder version for the gas mileage. It'll haul a good honest 1/2 ton load with no problem and although a sheet of plywood will stick out of the back of the short box, it will haul plywood just fine.
Thats sounds nice,wish we would of kept our first home,how lucky you are.

Since: Mar 08

Rockford, MI

#11 Apr 8, 2008
kclh_thunk wrote:
Where is the original story? Does anyone know? Thanks.
My Dentist here in Rockford had sent me a birthday card with these little tit-bits inside,like I wasnt depressed already. Have a good day.
I speak the truth

United States

#12 Apr 8, 2008
Can anyone explain to me why it is that some people get zits all over themselves and others just get one here and there and only once in a while? I was trying to help a friend over on the other board with a zit problem and it came to me that some other people may have the same problem. Zits are a pesky problem that everyone has had at some time and don't lie about it either, they got under your skin at some point and you know it. You had them too at some time. Let us all work together to eradicate these pesky unwanted zits and all have a good laugh and celebration together.

“Dude, Where's my car?”

Since: Jan 08

Location hidden

#13 Apr 8, 2008
SickTwistedFreak wrote:
If the average income was $1,970 in 1953 and gas was .29 cents/gallon, that means we are getting a bargain today.
$1,970 divided by 52 weeks=$37.88/week
15 gallons of gas@.29/gallon=$4.35
That is 11.5% of your weekly income for 15 gallons (and don't forget the horrible MPG back then).
Now, today...
$37,500 (avg income) divided by 52 weeks=$721.15/week
15 gallons of gas @$3.41/gallon=$51.15
That is 7.1% of your weekly income for 15 gallons, and with MUCH better MPG!
VERY good point! Thanks for posting that. Actually in the late 60's/early 70's I can remember gas wars (no not in the middle east) and gas stations would try and out do one another on price. One gas station would be .24 cents, the station across the street would go to .23 cents and back and forth like that all the time.
anon

United States

#14 Jul 24, 2011
Taxpayer wrote:
<quoted text>
Let's thank the presidents that had the "new deal" and "great society" ideas to introduce welfare programs. I guess I could go much farther back and give my thanks (oh so sincerely!) to Lincoln too...
The president (singular) who made the New Deal and Social Security happen was Franklin D. Roosevelt, who served from the Depression through most of WWII, saved our economy, kept us out of war until it concerned us, and kept the war off the home front once we were in it. One of his New Deal projects was Tennessee Valley Authority (TVA), which gave the majority of Appalachian homes electricity for the first time, and also kept the area's rampant flooding under control with their dams. TVA is still the biggest provider of power in the region. I may be biased because I'm from East Tennessee and my dadhas worked for TVA all my life, but I think FDR was the greatest president in history. Just because the system is flawed now due to exponential population growth and the fact that the baby boomers are now receiving more Social Security benefits than we will doesn't mean it was a bad idea to start with. He couldn't have preficted the baby boom or the decades of poor economy we've had, in which many people and big businesses have relied so heavily on the government. Maybe instead of complaining about a 70 some odd year old system, we should be working to remode the system so that it will be more suited for our current economic needs.
anon

United States

#15 Jul 24, 2011
Gah it's full of typos but y'all know what I mean. Lol
Go Blue

Lake Worth, FL

#16 Jul 25, 2011
Hurley35 wrote:
<quoted text>VERY good point! Thanks for posting that. Actually in the late 60's/early 70's I can remember gas wars (no not in the middle east) and gas stations would try and out do one another on price. One gas station would be .24 cents, the station across the street would go to .23 cents and back and forth like that all the time.
We must have grown up during the same years, as i remember Clark and other stations giving away stuff, like glassware and steak knives, back when they would happily check your oil and tires, and clean the windshield......BTW, 29 cents a gallon in 1953 sounds high to me.....
BkByer

Battle Creek, MI

#17 Jul 25, 2011
Go Blue wrote:
<quoted text> We must have grown up during the same years, as i remember Clark and other stations giving away stuff, like glassware and steak knives, back when they would happily check your oil and tires, and clean the windshield......BTW, 29 cents a gallon in 1953 sounds high to me.....
I believe gas was more like .15 to .17 a gallon in 1955. Three of us would drive around town all night on .25 worth of gas.
Go Blue

Lake Worth, FL

#18 Jul 25, 2011
BkByer wrote:
<quoted text>
I believe gas was more like .15 to .17 a gallon in 1955. Three of us would drive around town all night on .25 worth of gas.
Geez....i would miss that too....in 1970, i could still fill up my beetle for college, and it was $2.63...total...

“Dude, Where's my car?”

Since: Jan 08

Location hidden

#19 Jul 25, 2011
Go Blue wrote:
<quoted text> Geez....i would miss that too....in 1970, i could still fill up my beetle for college, and it was $2.63...total...
You probably made $1.75 an hour too though LOL. A couple of things are missing from this equation though. In 1953 most people didn't have air-conditioning, buying a TV was a BIG deal, no computers or ipods to purchase and maintain, no video games to buy and upgrade all the time, no cell phones to purchase and pay monthly fees on, not to mention all the electricity to run all those gadgets.
Go Blue

Lake Worth, FL

#20 Jul 25, 2011
I have a Honda now, that gets 42 mpg on the highway....had eight beetles, over the years, that never got above 25 mpg, while everything else got 12...lol...Hurley is correct, no cable TV then, either....

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