How Do Prices of the 2000s Compare to Those of Past Decades?


Quick Answer

The average cost of a new home in 1930 was $3,485, compared to $8,450 a mere 20 years later and $289,500 in 2013. In 1983, the Motorola DynaTac 8000X phone cost $3,995, whereas 2015's comparable Motorola Nexus 6 sold for $649.99. The luxury phone service Falcon features an iPhone with a pink diamond that sells for $95 million in 2015.

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Full Answer

Chevrolet, the largest and most competitive automaker to Ford in 1924, charged an average of $525 for a new car that year. In 1949, the trendy Hudson saw prices starting at $2,381, while the 1969 Pontiac Firebird Trans Am retailed for $4,366. A 1977 Dodge Aspen sold for an average of $4,515, and a Chevrolet Corvette cost $23,392 in 1984. The average price of a new car in 2014 was $31,252.

In 1930, the typical cost of gasoline was 10 cents per gallon, only rising 1 cent per gallon over the following 10 years. In 1960, the price per gallon rose to 25 cents, changing to $1.19 in 1980, $1.34 in 1990, and $2.05 in 2009. By 2013, the price climbed to $3.80 per gallon.

Postage rates changed from 1863 to 2015, with the price for the first ounce of a letter costing 6 cents in 1863, 2 cents in 1919, 3 cents in 1952, and 10 cents in 1975. 1988 brought the price to 25 cents per ounce, whereas 1995 saw the price rise to 32 cents; by 2015, the price sat at 49 cents.

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