While costs in 1952 would have varied depending on location, the average cost of a home was $9,050, a gallon of gas was 20 cents, the average price of a new car was $1,700, the average rent per month was $80 and a pound of hamburger cost about 53 cents. The People History offers these average costs for these mainstream items in USD.Continue Reading
The People History states that the average wage in 1952 was $3,400. By 1952, about three in five houses owned a car, two in three owned a telephone and one in three owned a television. Multpl.com notes that the Gross Domestic Product for the United States in December 1952 was $2.53 trillion compared to $15.99 trillion in June 2014.
There were a few major inventions during the year 1952, including the microwave oven. According to Baby Boomers, the first microwave oven was about the size of a refrigerator and cost over $1,200.00. Other inventions included the polio vaccine and the first contraceptive pill. The People History records the development of the world's first passenger jet, The Comet, as well as the first hydrogen bomb, code named "Mike". A smaller invention in 1952 was the installation of the first "Don't Walk" sign in New York City.Learn more about US History
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.Full Answer >
According to Edmunds Auto Observer, gas cost an average 20 cents per gallon in the United States in 1920. At that time, the average American made $1,500 per year.Full Answer >
In 1983, the price of postage for a domestic letter was 20 cents. These stamps could be used to mail any letter that weighed 1 ounce or less. Letters that weighed more than 1 ounce could be mailed for an additional 20 cents per ounce.Full Answer >
In November 2014, AL.com reported that the price of non-organic roast turkey ranged from 69 cents to 99 cents per pound. Also in November 2014, however, Wral.com examined Butterball brand turkeys in several grocery stores and found that prices typically ranged from $1.19 to $1.39 per pound.Full Answer >