Question: What Was The Average Salary In 1973?

How Your Wage Today Compares to What You’d Earn in 1973.

In 2014, the typical man with a full-time job earned $50,383 a year, the Census Bureau reported last week.

That’s about $2,900 less then he would have earned in 1973.

What was the average hourly wage in 1973?

Average wages and work hours, 1967–2010 (2011 dollars)

Productivity per hour (2005=100)Real wage levels
Hourly wages
196752.3$17.24
197360.220.50
197964.220.34

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What was minimum wage in 1973?

$1.60

What was an average salary in 1970?

The median money income of families in the United States was $9,870 in 1970, according to estimates recently released by the Bureau of the Census, Department of Commerce. This was about $440, or 4.6 percent higher than the 1969 figure of $9,430.

What was the average wage in 1974?

History of Federal Minimum Wage Rates Under the Fair Labor Standards Act, 1938 – 2009

Effective Date1938 Act 11961 Amendments 2
May 1, 1974$2.00$2.00
Jan. 1, 1975$2.10$2.10
Jan 1, 1976$2.30$2.30
Jan 1, 1977

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What was a good salary in 1975?

Indexing yearly income

YearWage IndexWageIndex
1975$8,630.92$9,779.44
1978$10,556.03$12,513.46
1981$13,773.10$15,239.24
1984$16,135.07$17,321.82

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What was California’s minimum wage in 1973?

The minimum wage went to $1.00 an hour effective February 1967 for newly covered nonfarm workers, $1.15 in February 1968, $1.30 in February 1969, $1.45 in February 1970, and $1.60 in February 1971.

What was Florida’s minimum wage in 1973?

Chart: minimum wage in cost-of-living-adjusted dollars

YearMinimum WageAdjusted 2013 Dollars
1973$1.60$8.42
1974$2.00$9.47
1975$2.10$9.12
1976$2.30$9.44

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How much was $1 worth in 1973?

The dollar experienced an average inflation rate of 3.96% per year during this period, meaning the real value of a dollar decreased. In other words, $100 in 1973 is equivalent in purchasing power to about $552.07 in 2017, a difference of $452.07 over 44 years.

How much was rent in 1973?

Cost of Living – 1973 vs. 2008 – Things aren’t that bad!

ItemPrice in 1973
Average home price$32,500
Average family income per year$12,900
Average monthly rent$175
A dozen eggs45 cents

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What was the average salary in 2019?

The BLS reports that,in the first quarter of 2019, men earned a median salary of $52,208 annually, while women earned only $41,912 or 80.3% of what males earned.

How much was a gallon of milk in 1977?

Supporting Information

YearRetail Gasoline Price (Current dollars/gallon)Retail Gasoline Price (Constant 2015 dollars/gallon)
19770.621.94
19780.631.83
19790.862.31
19801.192.95

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How much was rent in 1950?

After dropping to a low of $257 in 1950, median gross rent increased to a high of $602 in 2000, more than double the gross rent in 1950 (after adjusting for inflation).

What was the minimum wage in 2019?

State2018 Minimum Wage2019 Minimum Wage
Arizona$10.50$11.00
Arkansas$8.50$9.25
California$11.00*$12.00*
Colorado$10.20$11.10

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What was the minimum wage in 1976?

History of the General Hourly Minimum Wage in New York State

Prior to 1960, state minimum wage rates varied from industry to industry.
October 1, 1960Newly established general minimum wage set at $1.00
January 1, 1975Increased from $2.00 to $2.10
January 1, 1976Increased from $2.10 to $2.30

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What was minimum wage in 2009?

Federal Minimum Wage Information

State20082009
Arizona$6.90$7.25
Arkansas$6.25$7.25
California$8.00$8.00
Colorado$7.02$7.28

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