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It was average. "The household median income in the U.S. in 1950 was $2,990 — roughly 40% of the median home value of $7,354 at the time, according to census d
by iancmceachern 3y ago
It was average.
"The household median income in the U.S. in 1950 was $2,990 — roughly 40% of the median home value of $7,354 at the time, according to census data. By 2010, household median income was $49,445 — or 22% of the $221,800 median home value. The median income in 2021 hovers around the same percentage of median home costs."
https://orchard.com/blog/posts/how-much-the-typical-home-cost-in-your-state-in-1950 https://orchard.com/blog/posts/how-much-the-typical-home-cos...
- dragonwriter 3y agoThe median home in 1950 wasn't a two-story detached suburban McMansion.
- iancmceachern 3y agoNeither is it today. Most homes built in and since the 1950 are still standing and inhabited. I'll gladly buy one of those, where can I buy one?
- MattGaiser 3y agoBut a median home back then was about 1000 sqft. https://www.newser.com/story/225645/average-size-of-us-homes-decade-by-decade.html https://www.newser.com/story/225645/average-size-of-us-homes...
- iancmceachern 3y agoI'll gladly take one of those. Where can I buy one?
- NavinF 3y ago$7,354 in 1950 is $96,080 today. There are $100k homes out there if you don't care about location. Zoning laws and building permits block anything that's significantly cheaper.