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What is the Average salary??

Discussion in 'Off Topic But Still Civil' started by voiceofstl, Sep 10, 2020.

  1. DC-93

    DC-93 Well-Known Member

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    Well, then it’s not an accurate comparison.
     
  2. voiceofstl

    voiceofstl Well-Known Member

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    You compare it to a Coronet or Malibu with the small V8 and PS,PB,Auto with air.
     
  3. dodgeismycar

    dodgeismycar Well-Known Member

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    52 years ago?? Discuss 1 wage earner families and how that compares to now.
    Family income matters in the case of a major purchase.
     
  4. DC-93

    DC-93 Well-Known Member

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    Look at all the crap folks "need" today?? LOL!!!!

    When I got married in 1980, we had an 8 dollar phone bill!!
     
  5. DC-93

    DC-93 Well-Known Member

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    You got it backwards...
    Need a comparison with a car BUILT TODAY that has only PS, PB, auto and air...… All safety and EPA standards removed, too.
    If one knew what all that extra stuff costs on a car today, you could subtract it out to get to a base comparison to an old Coronet...
     
  6. rapidtrans

    rapidtrans Well-Known Member

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    Interesting thread.
    We often moan about car or home prices while totally ignoring our wage increases over the years.

    FWIW.
    Years ago my grandfather, a very conservative old German, once told me of his formula before I ever bought my first house or new car. If you buy a car worth half your annual income and carry a house note twice your annual income you'll have the funds for kids, college tuition, vacations etc.
    Yes, a very basic starting point but I’ve always used it as a quick back-check. I’ve only come close to his formula max in my 20s when income was tight.
     
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  7. DC-93

    DC-93 Well-Known Member

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    Bought my 1968 Charger in 1972 for $750. Was making $2.15 an hour. Insurance was over $300. a year!

    I had been saving up for years. ;)
     
  8. Doug D

    Doug D Virginia Gentleman

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    I bought my first car, a 1968 Camaro 327 V8, in 1978 for $1,000. Was making $2.65 an hour. Insurance was $500 a year. Gas was only $0.59!!!! 5 bucks got you almost 9 gallons. I was still in HS.
     
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  9. DC-93

    DC-93 Well-Known Member

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    I remember gas price wars.
    Lowest I ever paid was .19 a gallon.
     
  10. Doug D

    Doug D Virginia Gentleman

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    I remember Dad having a fit when gas went from $0.29 to $0.35. This was in '72-'73 not long after he ordered and received a '72 Charger.
     
  11. rapidtrans

    rapidtrans Well-Known Member

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    Dad had a Road Runner home for a couple months in 71. A went though an entire tank of gas just cruising after school one day. Cost five hard-earned lawn-cutting bucks to fill er up.
     
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  12. voiceofstl

    voiceofstl Well-Known Member

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    In my suburb the going rate is 30 bucks a lawn.
     
  13. Doug D

    Doug D Virginia Gentleman

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    It's $50 here.
     
  14. rapidtrans

    rapidtrans Well-Known Member

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    Back in 71 we got $5.
     
  15. voiceofstl

    voiceofstl Well-Known Member

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    In 1970 you could get a pickup with PS,PB, Auto with air...The truck was still cheaper then the midsize car like a coronet.
     
  16. Doug D

    Doug D Virginia Gentleman

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    And for the most part only farmers and construction firms bought them. Not many individuals purchased pickup trucks back then. The market has expanded since then.
     
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  17. DC-93

    DC-93 Well-Known Member

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    You bought a truck back then if you couldn't afford a car. No ac. Rubber mats. 3 on the tree.
     
  18. rapidtrans

    rapidtrans Well-Known Member

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    They were also cheaper due to lack of safety equipment. Crash and rollover protection stds. didn’t apply to even light pick-ups till late 80s.
     
  19. 06PTElectricBlue

    06PTElectricBlue Active Member

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    According to this calculator, $5 in 1971 would be $32.09 in 2020 ;)

    [​IMG]

    $5 in 1971 → 2020 | Inflation Calculator (at https://www.in2013dollars.com/us/inflation/1971?amount=5 )
     
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  20. voiceofstl

    voiceofstl Well-Known Member

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    Things aren't as bad as they seem...and gas is ALOT cheaper then in 1969 compared to the avr, salary
     

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