As we FINALLY prepare to close the book on 2020, I thought it would be fun to look back to what things cost in 1920. Some of the prices might seem like a total bargain but just remember, everything is relative. It's important to keep in mind that the average household income in the United States in 1920 was approximately $3,269.40. That amount in comparison is roughly $42,142.08 in today's dollars.
Average Income = $3,269.40 per year
New House = $6,296
Average Rent = $15 per month
Movie Ticket = 15 cents each
Gasoline = 33 cents per gallon
First Class Postage Stamp = 2 cents
Food and Groceries:
Bacon 1 lb. = 52¢
Bread 1 lb. = 12¢
Butter 1 lb. = 70¢
Cabbage 1 lb. = 2¢
Cheese I lb. = 38¢
Chicken 1 lb. = 39¢
Coffee 1 lb. = 47¢
Eggs 1 Doz. = 47¢
Flour 5 lbs. = 41¢
Milk ½ Gal. = 33¢
Oranges 1 Doz. = 63¢
Potatoes 10 lbs. = 63¢
Round Steak 1 lb. = 40¢
Sugar 5 lbs. = 97¢
Watermelon 1 lb. = 2¢
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