What was the average annual income in 1960s?

What was the average annual income in 1960s?

For the country as a whole, the average (median) income of families in 1960 was $5,600; but, for families headed by persons 65 years and over, the average was only $2,900, according to estimates released today by the Bureau of the Census, Department of Commerce.

What was wages in 1960?

Actual minimum wage (2016$) Minimum wage if it had grown with productivity
1959 $ 7.17 $7.48
1960 $ 7.05 $7.61
1961 $ 8.03 $7.84
1962 $ 7.95 $8.14

What was the average wage in 1965 UK?

£1,000 in 1965 would only be about £14,000 today. The average salary today (in 2021) is £29,600.

What was the average household income in 1950?

$3,300
Average family income in 1950 was $3,300, or $200 higher than in 1949, according to estimates issued today by Roy V. Peel, Director, Bureau of the Census, Department of Commerce.

What was a good hourly rate in 1960?

Value of the minimum wage, 1960–2011

Minimum wage
Current dollars 2011 dollars
1960 $1.00 $6.65
1967 1.40 8.25
1973 1.60 7.24

How much did a dozen eggs cost in 1960?

1960: 57 cents A dozen eggs cost 57 cents the year JFK was inaugurated; culinary milestones that year included the founding of Hardee’s and Domino’s, the U.S. rollout of Granny Smith apples and the introduction of Little Debbie Oatmeal Cream Pies.

What was the average wage per hour in 1960?

How much did a house cost in 1960 UK?

1960. House prices continued to rise along with the average income, which now stood at £960 (around £21,925) per year. The average cost of a home was now £2,530 (approximately £55,784).

What was a good salary in 1965?

the average (median) income of families in 1965 was $6,900, a gain of about $310, or 5 percent, over 1964.

What was the median household income in 1960?

Of the 212 standard metropolitan statistical areas, the Stamford, Conn., SMSA ranked highest in both per capita ($3,785) and median family money income ($8,745). The Laredo, Tex., SMSA ranked lowest in both per capita ($937) and median family income ($2,952).

What was the population of a county in 1960?

Counties in the lowest decile (tenth) group contained only about 3 percent of the total population, whereas counties in the highest decile group contained 49 percent. The PDF to the right contains the 72-page report. Census statistics date back to 1790 and reflect the growth and change of the United States.

What was the Consumer Price Index in 1960?

1 The Consumer Price Index of the Department of Labor averaged 124.6 in 1959 and 126.5 in 1960. Census statistics date back to 1790 and reflect the growth and change of the United States.

What was the average family income in 1947?

Since 1947, average total family income in current dollars has increased from $3,000 to $5,600, or by 85 percent. However, consumer prices have risen substantially during the period so that only about one-half of the increase in current-dollar incomes represented an increase in purchasing power.

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