What was the average salary in the 1960s?
Table of Contents
- 1 What was the average salary in the 1960s?
- 2 What was the average wage in America in 1970?
- 3 What was the average wage in 1973?
- 4 What was the average salary in 1965?
- 5 What was the average hourly wage in 1960?
- 6 What was a good salary in 1970?
- 7 What is the average salary in the United States?
- 8 How much did teachers get paid in the 1970s?
What was the average salary in the 1960s?
Indexing yearly income
| Year | Wage Index |
|---|---|
| 1957 | $3,641.72 |
| 1960 | $4,007.12 |
| 1963 | $4,396.64 |
| 1966 | $4,938.36 |
What was the average wage in America in 1970?
about $9,870
The median money income of all families in 1970 was about $9,870. This was about $440 or 4.6 percent higher than the 1969 median of $9,430. However, prices rose approximately 5.9 percent in 1970 and in terms of constant dollars, median family income in 1970 was about the same as in 1969.
What was the wage in 1970?
In 1970, the federal minimum wage was $1.60 per hour, which brought in $3,328 per year before taxes. So, minimum wage brought in just under half of the income of the average salaryman of the same era. In 2015, the federal minimum wage was $7.25 per hour, or $15,080 per year before taxes.
What was the average hourly wage in 1970?
The minimum wage went to $1.00 an hour effective February 1967 for newly covered nonfarm workers, $1.15 in February 1968, $1.30 in February 1969, $1.45 in February 1970, and $1.60 in February 1971. Increases for newly subject farm workers stopped at $1.30.
What was the average wage in 1973?
Average wages and work hours, 1967–2010 (2011 dollars)
| Productivity per hour (2005=100) | Real wage levels | |
|---|---|---|
| Hourly wages | ||
| 1967 | 52.3 | $17.24 |
| 1973 | 60.2 | 20.50 |
| 1979 | 64.2 | 20.34 |
What was the average salary in 1965?
$6,900
According to estimates released today by the Bureau of the Census, Department of Commerce, the average (median) income of families in 1965 was $6,900, a gain of about $310, or 5 percent, over 1964.
What was the average salary in 1968?
approximately $7,700
Median household income rose to approximately $7,700 in 1968 from the 1967 median of about $7,200. Although these figures represent an increase of about 8 percent, because of price increases the gain in real purchasing power is about 3.5 percent.
What was a good salary in 1960?
For the country as a whole, the average (median) income of families in 1960 was $5,600; but, for families headed by persons 65 years and over, the average was only $2,900, according to estimates released today by the Bureau of the Census, Department of Commerce.
What was the average hourly wage in 1960?
Value of the minimum wage, 1960–2011
| Minimum wage | ||
|---|---|---|
| Current dollars | 2011 dollars | |
| 1960 | $1.00 | $6.65 |
| 1967 | 1.40 | 8.25 |
| 1973 | 1.60 | 7.24 |
What was a good salary in 1970?
The median money income of families in the United States was $9,870 in 1970, according to estimates recently released by the Bureau of the Census, Department of Commerce. This was about $440, or 4.6 percent higher than the 1969 figure of $9,430.
What was a good salary in 1972?
Reflecting the resurgence of the economy, median family money income of the 54.4 million families in the United States climbed to $11,120 in 1972, an increase of 8.1 percent over the 1971 median family income of $10,290.
What was the average income in 1948?
The income of the average (median) family was $3,200, or about $150 higher than in 1947 and about $600 higher than in the war years of 1944 and 1945.
This was up considerably from 1960, when the average annual salary was just over $4,000 a year. Historically, the average salary in the United States goes up every year and goes up by a few thousand or more every 10 years. For example, the average annual salary in 1980 was $12,513 and $21,027 in 1990.
Minimum wage was $1.60 per hour in 1970. Source: U.S. Department of Labor; The median home value was $17,000. Source: US Census Bureau; Gasoline cost an average of: 35¢ per gallon in 1970 Source: U.S. Energy Information Administration; 36¢ per gallon in 1971 Source: US Energy Information Administration
What is the average salary in the United States?
Historically, the average salary in the United States goes up every year and goes up by a few thousand or more every 10 years. For example, the average annual salary in 1980 was $12,513 and $21,027 in 1990. By 2000, it went up by another $11,000 a year, bringing the average salary up to $32,154.
How much did teachers get paid in the 1970s?
Public 4-year universities charged an average of $1,276 for tuition, fees, room & board for the 1970-1971 academic year. Source: U.S. Department of Education. Carpenters (journeymen) earned an average of $7.02 per hour in 1970. Source: U.S. BLS; Teachers earned an average of $8,626 in 1970. Source: National Center for Education Statistics