In 1970, a stove cost an average of $475. This stove would have been equipped with a removable door, light, broil pan and large drawer storage.
To put the cost of the stove in perspective, the average cost of a new car in 1970 was $3,900, and a new house was $23,400. The average working American made about $9,350 per year. The development of the modern kitchen stove from an 18th century innovation to an essential appliance has changed kitchens across the globe. The stove is normally the center of any kitchen and essential to everyday life as we know it.