Cost of Living:
- A gallon of gasoline cost around 10 cents.
- A loaf of bread cost approximately 5 cents.
- A dozen eggs cost around 20 cents.
- A pound of coffee was approximately 25 cents.
- A pair of shoes could be bought for $2-$3.
- A new car could be purchased for around $500-$800.
- A gallon of milk cost about 25 cents.
- A movie ticket cost around 15 cents.
Average Income:
- The average annual income in the United States in 1930 was approximately $1,350.
- A skilled factory worker could earn about $2,500 per year.
- A school teacher's salary was around $1,000 per year.
- The unemployment rate during this period was very high.
Home Prices:
- The average cost of a new house in 1930 was around $6,000.
- A modest two-bedroom house in a rural area could be purchased for less than $1,000.
It's important to note that the purchasing power of the dollar was much greater during the 1930s than it is today. While the prices of goods and services were relatively low, wages were also lower, making it more challenging for individuals to afford certain items. The decade was characterized by economic hardship and unemployment, which further impacted people's financial situations.