Q:

How much did everyday items cost in 1964?

A:

Quick Answer

In New York City in 1964, the rent for a two-bedroom apartment in a downtown neighborhood would have run about $250 per month, a two-way subway ticket was 15-cents and a gallon of milk was 93-cents. In contrast, those same items would cost approximately $4,500 per month, $2.50 for a one-way ride and $3.90 per gallon in 2014.

Continue Reading
How much did everyday items cost in 1964?
Credit: SuperStock SuperStock Getty Images

Full Answer

The minimum wage in 1964 was $1.15 per hour and the average annual income about $6,000. A gallon of gas was 25-cents. The basic cost of living increased roughly 18 times in the 50 year period between 1964 and 2014. The price of other common items reflects the standard of living of the times.

  • Two cans of Coca Cola were 27-cents.
  • A pack of cigarettes was $1.60.
  • A new Ford Mustang was $2,320.
  • A loaf of bread was 30-cents
  • A ticket to the movies was $1.25 to $2.
  • A popular record album was about $6.
  • A postage stamp in the U.S. was 5-cents.

Larger purchases are also good indicators of the overall standard of living. The average house cost $13,050 and the average rent was $115 per month. The yearly inflation rate was 1.28 percent in the U.S., contrasted by the U.K. at 3.5 percent. The Dow Jones Industrial Average closed that year at 874.

Learn more about US History

Related Questions

  • Q:

    How much did things cost in 1964?

    A:

    In 1964, milk cost between 93 cents and $1.06, bread cost about 21 cents and a ticket to the movies cost up to $1.25. Approximately $13 during the same year would have had the same amount of spending power of about $100 in 2014 after accounting for inflation.

    Full Answer >
    Filed Under:
  • Q:

    What is meant by "second sitting" on Indian Railways?

    A:

    "Second sitting" is the cheapest ticket that can be reserved on a railway. It has wooden bench seating and no air conditioning. Additionally, the ticket holder is not guaranteed a seat.

    Full Answer >
    Filed Under:
  • Q:

    What are some characteristics of Hopi homes?

    A:

    The Hopi tribe of Native American Indians traditionally live in stacked apartment dwellings called pueblos. These pueblos are built from adobe mud, dirt, dried clay and stone, and are only accessible to outsiders by ladder. The dwellings tend to be multi-story and ahave flat roofs. The pueblo's interior is relatively sparse and typically includes a hearth for cooking and warmth and a subterranean room called a kiva that is used for religious gatherings and ceremonies.

    Full Answer >
    Filed Under:
  • Q:

    What are some important events in the history of New York City?

    A:

    Some important events in New York City history include the fire at the Triangle Shirt Waist factory in 1911, the stock market crash in 1929 and the terrorist attacks of 2001. These events are significant not only for their impact on New York City, but for how they affected the nation and the world.

    Full Answer >
    Filed Under:

Explore