1700s:
- In the 1700s, the cost of living was relatively low compared to today's standards.
- The average annual income for a skilled worker in England was approximately 20 to 40 pounds, which would be equivalent to around $2,500 to $5,000 in today's currency.
- Basic food items such as bread, milk, and meat were affordable for most people.
- Housing was relatively inexpensive, with a small house in the countryside costing around 50 to 100 pounds.
1800s:
- The cost of living started to rise during the 1800s due to factors such as industrialization, urbanization, and population growth.
- In 1800, the average annual income for a skilled worker in the United States was around $200, equivalent to approximately $5,000 in today's currency.
- Food prices were generally higher compared to the 1700s, with basic items like bread, milk, and meat becoming more expensive.
- Housing costs also increased, with a small house in an urban area costing anywhere from $500 to $1,000.
1900s:
- The cost of living continued to rise in the 1900s due to factors such as the Industrial Revolution, advancements in technology, and the rise of consumerism.
- By the early 1900s, the average annual income for a skilled worker in the United States had increased to around $500 to $1,000, equivalent to approximately $10,000 to $20,000 in today's currency.
- Food prices increased significantly, with staple items like bread, milk, and meat becoming even more expensive.
- Housing costs also soared, with a small house in an urban area costing anywhere from $1,000 to $5,000.
Throughout the 1700s to 1900s, the wealthy upper class had access to luxuries and comforts that were unimaginable to the majority of the population. However, even for those who lived in modest means, the basic cost of living was much lower than what it is today.