Cost of living today vs 1947

Cal Weldon · 8th December 2008, 09:36 PM

I would like to know todays dollar equivalent of the Canadian or American dollar from the year 1947 ie: the cost of living equivalent. It only need to be an approximation. I know there are many variables but there must be a chart or something somewhere but I can't find it.

example in 1947 it cost 10 cents for a hot dog which now costs 3 bucks. Something like that but more of an overall equivalent. Anyone?

TIA

Cal Weldon · 8th December 2008, 09:54 PM

Just by chance someone in another thread posted this. What good fortune.

http://www.coinnews.net/tools/cpi-inflation-calculator/

anatech · 8th December 2008, 10:19 PM

Hi Cal,
That means that a $550.00 Marantz receiver in 1974 is worth $2,416.13 in today's money. I'll assume that's for the start of 2008 and this is almost 2009.

Another set for the same money bought in 1977 would be $1,965.60

And you wonder why there aren't any good receivers around anymore?

-Chris

Theli · 9th December 2008, 08:01 PM

Quote:

Originally posted by anatech
Hi Cal,
That means that a $550.00 Marantz receiver in 1974 is worth $2,416.13 in today's money. I'll assume that's for the start of 2008 and this is almost 2009.

Another set for the same money bought in 1977 would be $1,965.60

And you wonder why there aren't any good receivers around anymore?

-Chris

Or our money buys more than it used to

panomaniac · 10th December 2008, 06:14 AM

Hey Cal. I do this all the time, it's fun when watching old movies or reading old books.

My favorite site for this is:
http://www.measuringworth.com/ppowerus/result.php

Lots of calculations there.

No Canadain, AFAIK - but does UK.

Have fun!

BTW, for 1947 to 2007 dollars (US) muliply by 9.28

Geek · 10th December 2008, 10:10 AM

Quote:

$23393.19 in the year 2007 has the same "purchase power" as $3176 in the year 1957.

But can't get a new Corvette off the lot for $23K and the 2007 one sure doesn't even compare to the 1957, IMO!

panomaniac · 10th December 2008, 07:14 PM

Sorry, the link I gave was bad. See this:
http://www.measuringworth.com/ppowerus/

Gregg
Doing the price comparisons it a lot harder than it seems.

Read this, if you dare....
Six Ways to Compute the Relative Value of a U.S. Dollar Amount

It all depends on how you do the math and what you measure. Kinda like audio.

Theli · 10th December 2008, 08:04 PM

www.measuringworth.com/uscompare/

fixed your link

panomaniac · 10th December 2008, 11:56 PM

Thanks! (looks like I got doubled up on my WWWs)

vonfilm · 15th December 2008, 07:55 PM

Remember a 1947 dime was 90% silver. The melt value of a silver dime today is 76 cents. A silver quarters is $1.91 A silver dollar is $8.19.

8th December 2008, 09:36 PM	#1
Cal Weldon diyAudio Moderator Join Date: Jan 2004 Location: British Columbia	Cost of living today vs 1947 I would like to know todays dollar equivalent of the Canadian or American dollar from the year 1947 ie: the cost of living equivalent. It only need to be an approximation. I know there are many variables but there must be a chart or something somewhere but I can't find it. example in 1947 it cost 10 cents for a hot dog which now costs 3 bucks. Something like that but more of an overall equivalent. Anyone? TIA __________________ Cal Weldon Consulting

8th December 2008, 09:54 PM	#2
Cal Weldon diyAudio Moderator Join Date: Jan 2004 Location: British Columbia	Just by chance someone in another thread posted this. What good fortune. http://www.coinnews.net/tools/cpi-inflation-calculator/ __________________ Cal Weldon Consulting

8th December 2008, 10:19 PM	#3
anatech diyAudio Moderator Join Date: Jun 2004 Location: Georgetown, On	Hi Cal, That means that a $550.00 Marantz receiver in 1974 is worth $2,416.13 in today's money. I'll assume that's for the start of 2008 and this is almost 2009. Another set for the same money bought in 1977 would be $1,965.60 And you wonder why there aren't any good receivers around anymore? -Chris __________________ "Just because you can, doesn't mean you should" © my Wife

10th December 2008, 06:14 AM	#5
panomaniac diyAudio Moderator Join Date: Oct 2004 Location: North Carolina	Hey Cal. I do this all the time, it's fun when watching old movies or reading old books. My favorite site for this is: http://www.measuringworth.com/ppowerus/result.php Lots of calculations there. No Canadain, AFAIK - but does UK. Have fun! BTW, for 1947 to 2007 dollars (US) muliply by 9.28 __________________ * Bibo, ergo sum.

10th December 2008, 07:14 PM	#7
panomaniac diyAudio Moderator Join Date: Oct 2004 Location: North Carolina	Sorry, the link I gave was bad. See this: http://www.measuringworth.com/ppowerus/ Gregg Doing the price comparisons it a lot harder than it seems. Read this, if you dare.... Six Ways to Compute the Relative Value of a U.S. Dollar Amount It all depends on how you do the math and what you measure. Kinda like audio. __________________ * Bibo, ergo sum.


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10th December 2008, 08:04 PM	#8
Theli diyAudio Member Join Date: Jan 2004 Location: Saskatoon	www.measuringworth.com/uscompare/ fixed your link

10th December 2008, 11:56 PM	#9
panomaniac diyAudio Moderator Join Date: Oct 2004 Location: North Carolina	Thanks! (looks like I got doubled up on my WWWs) __________________ * Bibo, ergo sum.

15th December 2008, 07:55 PM	#10
vonfilm diyAudio Member Join Date: Jun 2006	Remember a 1947 dime was 90% silver. The melt value of a silver dime today is 76 cents. A silver quarters is $1.91 A silver dollar is $8.19.

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