Question: How Much Did A House Cost In 1860?

What was the average salary in 1870?

Here is the average hourly wage: Occupation 1860, 1870, 1880, 1890.

blacksmith, 0.178, 0.304, 0.259, 0.271.

carpenter, 0.182, 0.410, 0.276, 0.322..

What was minimum wage in 1865?

(in unadjusted dollars)YEARCommon LaborCarpenters18651.502.5018661.503.001867—-2.751868—-2.5022 more rows

How much was $1 worth in 1880?

$1 in 1880 is worth $25.54 today $1 in 1880 is equivalent in purchasing power to about $25.54 today, an increase of $24.54 over 141 years. The dollar had an average inflation rate of 2.32% per year between 1880 and today, producing a cumulative price increase of 2,453.67%.

How much did a house cost in 1890?

A $10,000 house in 1890 would be worth almost the same in real dollars in 2010 but more than $350,000 in nominal dollars in 2010.

What would a dollar buy in 1860?

Using an inflation calculator we see that that one dollar in 1860 is equivalent to $28.72 today. In 1860 land sold for $1-3 per acre. But then as today, it was all about location, location, location.

What was the average income in 1860?

5,338 millionOur income estimate for 1860 is 5,338 million in current dollars, using the part-time assumption about employees’ work years. 24 This is 26.4 percent above Thomas Weiss’s (1993b) “broad” GDP definition.

What was the average wage in 1880?

Averages. If you worked in manufacturing (as many did during this period of mechanization), you could have expected to make approximately $1.34 a day in 1880, which adds up to $345 annually for an average 257 days of work in a given year.

How much did a gun cost in 1860?

The Colt 1860 cost approximately $20 per revolver. This was rather expensive during the 1860s, both for the United States Army and private citizens. Colt had been criticized for this high price, and by 1865 the revolver was reduced to $14.50.

How much did a house cost in 1870?

Price of Goods, 1870Food Prices.Land$5/acre (avg. 160 acres)$.50 cents/boxHomestead filing fee$14$60House — 32’x40′ (4 rooms)$700$842 more rows

How much did a horse cost in 1850?

In the west US it was possible to buy a horse for as little as $10, but a decent riding equine cost around $150, with a range of $120 (1861) to $185 (1865). A pack horse for the Oregon Trail cost $25 in the US in 1850, but a riding horse would run you $75.

How much was $1 worth in 1860?

$1 in 1860 is worth $31.38 today $1 in 1860 is equivalent in purchasing power to about $31.38 today, an increase of $30.38 over 161 years. The dollar had an average inflation rate of 2.16% per year between 1860 and today, producing a cumulative price increase of 3,038.24%.

What would $20 in 1912 be worth today?

Buying power of $20 in 1910YearDollar ValueInflation Rate1912$20.422.11%1913$20.842.06%1914$21.051.01%1915$21.261.00%108 more rows