What things cost in 1974
41 items · 4 observed in the public record · 37 inflation-estimated
| Item | In 1974 | Today's money |
|---|---|---|
| Average home sale price / each | $38,600 | $268,553 |
| Average hourly earnings, private / hour | $4.44 | $30.26 |
| Median home sale price / each | $35,600 | $247,681 |
| Minimum wage, federal / hour | $2.00 | $13.63 |
| Bacon / lb | $0.97 | $6.61 |
| Bananas / lb | $0.21 | $1.46 |
| Beans, dried, any type / lb | $0.26 | $1.79 |
| Bread, white / lb | $0.33 | $2.28 |
| Butter, stick / lb | $0.98 | $6.66 |
| Cheddar cheese, natural / lb | $1.69 | $11.53 |
| Chicken breast, boneless / lb | $0.97 | $6.59 |
| Chicken legs, bone-in / lb | $0.71 | $4.83 |
| Chicken, whole / lb | $0.47 | $3.19 |
| Coffee / lb | $2.15 | $14.63 |
| Diesel, all types / gallon | $0.53 | $3.60 |
| Eggs, grade A large / dozen | $0.59 | $4.01 |
| Electricity / kwh | $0.04 | $0.26 |
| Flour, white / lb | $0.13 | $0.91 |
| Fuel oil #2 / gallon | $0.43 | $2.96 |
| Gasoline, regular / gallon | $0.51 | $3.47 |
| Ground beef / lb | $0.72 | $4.88 |
| Ham / lb | $1.28 | $8.75 |
| Ice cream / half gallon | $1.18 | $8.02 |
| Lemons / lb | $0.45 | $3.10 |
| Lettuce, romaine / lb | $0.39 | $2.67 |
| Malt beverages, all types / 16 oz | $0.30 | $2.08 |
| Milk, whole / gallon | $0.95 | $6.44 |
| Natural gas / therm | $0.25 | $1.70 |
| Orange juice, frozen concentrate / 16 oz | $0.83 | $5.65 |
| Oranges, navel / lb | $0.23 | $1.55 |
| Potato chips / 16 oz | $1.32 | $9.02 |
| Potatoes, white / lb | $0.11 | $0.76 |
| Rice, white / lb | $0.32 | $2.19 |
| Soft drinks, all / 2 liter | $0.34 | $2.31 |
| Spaghetti and macaroni / lb | $0.40 | $2.76 |
| Steak, sirloin, boneless / lb | $1.79 | $12.23 |
| Strawberries / 12 oz | $0.43 | $2.90 |
| Sugar, white / lb | $0.18 | $1.23 |
| Tomatoes / lb | $0.47 | $3.19 |
| Wine, red and white table / liter | $1.78 | $12.16 |
| Yogurt / 8 oz | $0.25 | $1.70 |