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cost of living 86 years ago (sh.itjust.works)

submitted 9 months ago by can@sh.itjust.works to c/4chan@lemmy.world

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[–] drdabbles@lemmy.world 13 points 9 months ago (2 children)

Didn't overlook it, I simply didn't comment on it. You also have to be careful about comparing where you personally live and the national average. Because the national average includes a lot of places that are shockingly poor.

[–] BarrelAgedBoredom@lemm.ee 18 points 9 months ago

Median price of a (not new construction) house in the US as of November 2023 is 387k. Using the $3900 in the OP, that's about 83k today. The average home price in 2023 is apparently 492k. Either way, it's waaaaay higher than 1938

[–] ramble81@lemm.ee 3 points 9 months ago

Okay. Let’s go local on a market. Chose San Antonio because it’s been fairly steady over the years and has a decent cost of living compared to other places…

Average Salary: approx $55,000 Average Home Price: approx $300,000

So you would still need 5.5 years for a home compared to just over 2 years. And that’s assuming the gross, not net and entire paycheck. You can still pick most places in the US that are out in rural nowhere and the inflation is plainly obvious, it’s just the degree may change a bit.