How Much Did Things Cost in 1924 ?


Quick Answer

Prices in the 1920s were significantly less than they are today. Although data for 1924 is sparse, in 1925 shoppers paid 47 cents for a pound of bacon, 9 cents for a pound of bread, 55 cents for a pound of butter and 52 cents for a pound of coffee. For the most part, food prices were consistent between 1920 and 1929.

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How Much Did Things Cost in 1924 ?
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Full Answer

In 1924, the automobile industry was going strong in the United States. Ford dropped its prices on the new Runabout to $265, a new Chevrolet cost $525 and the luxury Buick Marquette sold for a hefty $965. At the same time, the ultra-luxury Hudson cost $1795.

Appliances were fairly inexpensive in the 1920s. A new electric washing machine cost $81.95, and a vacuum cleaner complete with a motor-driven brush was $28.95. A waffle iron could be purchased for $8.95, and an electric toaster sold for about $1.50. Audio electronics were fairly expensive during this era. The RCA Electric Radiola, for example, sold for $495, which is the equivalent of about $5,000 in modern times.

Do-it-yourself home building was popular in the 1920s. Self-build house kits included architectural plans, lumber, roofing shingles, doors, windows, hardwood flooring and even the paint and varnish to finish the house. One example, the Florence Cozy 5 Room Cottage, sold for $1,195, while the Sears Roebuck Gladstone, which featured three bedrooms, a living room, dining room, kitchen and bath, sold for $2,025.

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