What things cost in 1948
40 items · 1 observed in the public record · 39 inflation-estimated
| Item | In 1948 | Today's money |
|---|---|---|
| Minimum wage, federal / hour | $0.40 | $5.54 |
| Average home sale price / each | $13,221 | $183,196 |
| Bacon / lb | $0.49 | $6.78 |
| Bananas / lb | $0.11 | $1.50 |
| Beans, dried, any type / lb | $0.13 | $1.84 |
| Bread, white / lb | $0.17 | $2.34 |
| Butter, stick / lb | $0.49 | $6.82 |
| Cheddar cheese, natural / lb | $0.85 | $11.82 |
| Chicken breast, boneless / lb | $0.49 | $6.76 |
| Chicken legs, bone-in / lb | $0.36 | $4.95 |
| Chicken, whole / lb | $0.24 | $3.27 |
| Coffee / lb | $1.08 | $15.00 |
| Diesel, all types / gallon | $0.22 | $3.09 |
| Eggs, grade A large / dozen | $0.30 | $4.11 |
| Electricity / kwh | $0.02 | $0.22 |
| Flour, white / lb | $0.07 | $0.94 |
| Fuel oil #2 / gallon | $0.18 | $2.54 |
| Gasoline, regular / gallon | $0.21 | $2.98 |
| Ground beef / lb | $0.36 | $5.00 |
| Ham / lb | $0.65 | $8.98 |
| Ice cream / half gallon | $0.59 | $8.23 |
| Lemons / lb | $0.23 | $3.18 |
| Lettuce, romaine / lb | $0.20 | $2.74 |
| Malt beverages, all types / 16 oz | $0.15 | $2.13 |
| Median home sale price / each | $12,193 | $168,958 |
| Milk, whole / gallon | $0.48 | $6.61 |
| Natural gas / therm | $0.11 | $1.46 |
| Orange juice, frozen concentrate / 16 oz | $0.42 | $5.79 |
| Oranges, navel / lb | $0.11 | $1.59 |
| Potato chips / 16 oz | $0.67 | $9.25 |
| Potatoes, white / lb | $0.06 | $0.78 |
| Rice, white / lb | $0.16 | $2.24 |
| Soft drinks, all / 2 liter | $0.17 | $2.37 |
| Spaghetti and macaroni / lb | $0.20 | $2.83 |
| Steak, sirloin, boneless / lb | $0.91 | $12.54 |
| Strawberries / 12 oz | $0.21 | $2.98 |
| Sugar, white / lb | $0.09 | $1.26 |
| Tomatoes / lb | $0.24 | $3.27 |
| Wine, red and white table / liter | $0.90 | $12.47 |
| Yogurt / 8 oz | $0.13 | $1.74 |