How much did it cost to rent an apartment in 1930?
James Craig
Published Mar 12, 2026
In the 1930’s the average annual income was about $1,970, and the average cost for house rent was about $18.00 per month. The average cost of living is $60,000 per year.
How much was the average rent in 1940?
Average Rent by Year
| Year | Median Monthly Rent | Annual Change |
|---|---|---|
| 1970 | $108 | +5.21% |
| 1960 | $71 | +6.90% |
| 1950 | $42 | +5.56% |
| 1940 | $27 | – |
How much did rent cost in 1935?
Average cost for house rent $26.00 per month. While a house bought in 1930 for around $6,000 may be worth roughly $195,000 today, when adjusted for inflation, the appreciation is not as impressive as it seems….What was the average salary in 1935?
| Year | Amount |
|---|---|
| 1935 | $474 |
| 1945 | 1,223 |
| 1950 | 1,501 |
| 1955 | 1,881 |
What was minimum wage in 1930?
$0.25/hour
In the depths of the 1930s depression, both unemployed and union workers mobilized to successfully support the passage of the Fair Labor Standards Act, which established the first national minimum wage at $0.25/hour (equivalent to $4.31/hour in 2017 dollars).
How much did a car cost in 1930?
80 Years of Car & Gas Prices
| Gas Prices (Per Gallon) | New Car Prices | |
|---|---|---|
| 1930 | 10¢ | $600 |
| 1940 | 11¢ | $850 |
| 1950 | 18¢ | $1,510 |
| 1960 | 25¢ | $2,600 |
How much was rent in NYC 1940?
But throughout the 1940s, rents average a mere $50 per month, with many places costing even less than that.
What was the hourly wage in 1930?
In total, the average entrance rate for common labor was $0.45 an hour, with a low of $0.15 and a high of $0.95. The study also looked at geographical differences, which showed that workers in the North made significantly more (average of $0.48 per hour) than those in the South ($0.34 per hour on average).
How much did a new car cost in 1935?
Buying power of $15000 since 1935
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1935 | $15,000.00 | – |
| 1936 | $15,073.89 | 0.49% |
| 1937 | $15,369.46 | 1.96% |
| 1938 | $16,108.37 | 4.81% |
What was the average salary in 1930?
The average income was $1,368, and the average unemployment rate in the 1930s was 18.26 percent, up from the average of 5.2 percent in the 1920s.
What was the average cost of living in 1930?
Income and Household Rates In the 1930’s the average annual income was about $1,970, and the average cost for house rent was about $18.00 per month. If you compare this to 2013’s average annual income that comes to be $42,979.61 you can see that this is a large difference.
What was a good salary in 1930?
How much is a house in 1930?
While a house bought in 1930 for around $6,000 may be worth roughly $195,000 today, when adjusted for inflation, the appreciation is not as impressive as it seems. Since 1930, inflation-adjusted home values have increased by a modest 127%, or less than 1% each year.
How much did an apartment cost in 1920?
Rent prices for a single person’s apartment in the 1920s averaged at about $60 per month. Yes… just $60 per month! According to the US Inflation Calculator, however, that amount of money would be equivalent to about $776 today, which is on the lower end of apartment rental prices nowadays.
How much was rent in 1940?
Looking at the numbers, the cost of living in the 1940s was an absolute dream. In 1940, nearly two decades before both Hawaii and Alaska received statehood in 1959, the median monthly gross rent across the United States was $27. Adjusted for inflation, that’s $501.09 today.
What was the average monthly rent in 1969?
Cost of Living in 1969: Average Monthly Rent: $135.00. Average Cost of a New Car: $3,270.00. Cost of a gallon of gas: 35 cents.
What was the cost of an apartment in 1960?
Median rents have increased steadily during that time period, from $568 in 1960 to $934 in 2014 – an increase of 63%. Rents rose the fastest during the 1960s (18% increase), followed by the 1980s (16%). In contrast, the 1970s and 1990s saw relatively small rent increases, at 4% and 2% respectively.
What was the cost of living in the 1930s?
Weekly salary was around $12 if you managed to find a job. The cost of living back then was only a fraction of what it is today. The different in average salary is somewhere around $56,000. The average cost of living is $60,000 per year.
What was the average rent in New York City in 1940?
Average Rent: $3,800. $50 in 1940 Is Now: $600 to $650. Rents have been super high for the majority of the 21st century, but in the early aughts, gentrification hadn’t yet reached neighborhoods like Crown Heights, so rents there were still well below the city average.
What was the price of rent in 1913?
According to the U.S. Bureau of Labor Statistics, prices for rent of primary residence were 1,526.04% higher in 2020 versus 1913 (a $15,260.37 difference in value). Between 1913 and 2020: Rent experienced an average inflation rate of 2.64% per year . This rate of change indicates significant inflation.
