# What Was The Average Rent In 1940?

## How much was rent in the 1920s?

Rent prices for a single person’s apartment in the 1920s averaged at about \$60 per month.

Yesâ€¦ just \$60 per month.

According to the US Inflation Calculator, however, that amount of money would be equivalent to about \$776 today, which is on the lower end of apartment rental prices nowadays..

## How much was an apartment in New York in 1940?

Rents soared, which means that \$50 of 1940s money was not renting very much, but finding housing for around \$450 per month was not unheard of.

## How much did a mansion cost in 1960?

As SLH’s data shows, housing prices have gone way up. In 1960, the median home value in the U.S. was \$11,900, which is the equivalent of around \$98,000 in today’s dollars, and in 2000, SLH notes, it rose to over \$170,000. And it has only kept rising.

## What was min wage in 1977?

Minimum hourly wage of workers in jobs first covered byEffective Date1938 Act 11961 Amendments 2Jan 1, 1976\$2.30\$2.30Jan 1, 1977Jan 1, 1978\$2.65 for all covered, nonexempt workers\$2.65 for all covered, nonexempt workersJan 1, 1979\$2.90 for all covered, nonexempt workers\$2.90 for all covered, nonexempt workers25 more rows

## How much did a house cost in 1964?

1964: \$18,900 Lyndon B. Johnson escalated the U.S. presence in the Vietnam War.

## How much was \$1 worth in 1940?

Value of \$1 from 1940 to 2021 \$1 in 1940 is equivalent in purchasing power to about \$19.23 today, an increase of \$18.23 over 81 years. The dollar had an average inflation rate of 3.72% per year between 1940 and today, producing a cumulative price increase of 1,822.82%.

## How much was rent in the 70’s?

With widespread stagflation – a term denoting concurrent inflation and unemployment – during the 1970s, individuals throughout the US were concerned about the high cost of living. Across the country, the median monthly gross rent was \$108, a figure that, when adjusted for inflation, equals \$734.21 today.

## What was considered wealthy in 1940?

The median income for a man in 1940 was \$956. Seventy years later, the median income was \$33,276. Women in 1940 earned 62 cents for every dollar a man earned.

## How much was rent in 1950?

The Changing Math Behind Homeownership in the U.S.YearMedian Home ValueMedian RentYearMedian Home ValueMedian Rent1950\$7,400\$421960\$11,900\$711970\$17,000\$1084 more rowsâ€˘Apr 10, 2018

## What was the minimum wage in 1940?

Chart: minimum wage in cost-of-living-adjusted dollarsYearMinimum WageAdjusted 2013 Dollars1938\$0.25\$4.141939\$0.30\$5.041940\$0.30\$5.001941\$0.30\$4.7772 more rowsâ€˘Dec 10, 2013

## How much did a teacher make in 1940?

School YearSuperintendentsHigh School Teachers1938-193929001698.751939-194042700\$21001940-1941290021001941-19422900210036 more rows

## What was the hourly wage in 1920?

History of California Minimum WageEffective DateNew Minimum WageAmount of Wage IncreaseFebruary 8, 1943\$0.45\$0.121920\$0.33\$0.051919\$0.28\$0.071918\$0.21\$0.0524 more rows

## How much did rent cost in 1940?

Here are those values again, adjusted for 2000 dollars: 1940: \$30,600. 1950: \$44,600. 1960: \$58,600.

## How much was rent in NYC 1950?

Average 1950s NYC apartment rented for \$60/mo, about \$530 in 2015 dollars.

## What was a good salary in 1940?

The 16th decennial census of population began on April 1, 1940. The average income was \$1,368, and the average unemployment rate in the 1930s was 18.26 percent, up from the average of 5.2 percent in the 1920s.

## How much was rent back in 1960?

When normalized for 2000 dollars, the monthly rent median in 1960 for California was \$389.

## How much was \$1 worth in 1960?

Value of \$1 from 1960 to 2021 \$1 in 1960 is equivalent in purchasing power to about \$9.09 today, an increase of \$8.09 over 61 years. The dollar had an average inflation rate of 3.69% per year between 1960 and today, producing a cumulative price increase of 809.44%.

## What was min wage in 1992?

4.25Data in current dollars and constant 1996 dollarsValue of the minimum wageYearCurrent dollarsConstant (1996) dollars 119914.254.9019924.254.7519934.254.6125 more rows