In 1960, it had risen to $11,900, then $17,000 in 1970. 1960s Cost of Living. Lenders were more cautious. The median for public law schools was $204 ... or $1,550 in 2011 dollars ... in … Herein, how much did things cost in 1960? How much did cars cost in 1960? 1969: $3,270 In 1960, flour cost an average of 55.4¢ per 5lbs. New Car. Take a look at these 10 house hunting and home buying mistakes you can easily avoid. 1960: $5,199 per year. There has been a truly mind-boggling increase in college tuition since 1960. 24% of renters were cost-burdened in 1960, but that number jumped to more than 50% in 2010, before declining slightly in the years following. Source: J.D. Banks and building societies lent smaller multiples of income and would only consider a husband's income, not his wife's. Median sales prices for each year were sourced from Census.gov, and prices … In 1960 the average new car costs about 2,752 dollars, and a gallon was gas was around 31.cent. Average home prices in Toronto in 1967 were $24,000 and finished out the decade 3 years later up 20.4% at $28,900. 1950: $7,354. For example, law school tuition has risen nearly 1,000 percent after adjusting for inflation: around 1960, "median annual tuition and fees at private law schools was $475 ... adjusted for inflation, that's $3,419 in 2011 dollars. Toronto looked much different in the 1960s, our signature tower wasn’t built yet, and Yorkville was apparently a hippie haven, not the upscale area it’s seen as today. In 1960 Chevrolet introduced the XP700 Corvette experimental car. Eg. Fifties Web Pop History - 1957 Prices. How Much Cars Cost In The 60’s. Power ; In 1960, the average cost of a gallon of gasoline was $0.31. 1960: $2,610. New House. House prices rose faster than inflation in the 1960s. Source: Energy Information Administration; In 1960, the average cost of a plane ticket per mile was $0.06679. How much did a house cost in 1914? Mirroring the data on rents and income, the share of cost-burdened renters actually declined slightly in the 1990s, but spiked from 2001-2005, and again from 2007-2011. Source: U.S. BLS; In 1960, the cost of the popular Chevrolet Corvair 500 was $2,038. 1969: $8,550 per year. -Total cost to build the President’s house for South Carolina College was $8,000 (1806)-One Pound of Coffee Cost $0.25-$1 in 1800 = $17.60 today. average income and house price for 1950s, 1960s, 1970s, 1980s, 1990s and the associated gaps if any." BlogTO actually refers to Toronto as Buffaloesque in the 1960s. The cost of buying a new home fluctuates from year to year. Here's how much the median home value in the U.S. has changed between 1940 and 2000: 1940: $2,938. By 1980, the cost of buying a home had skyrocketed to $47,200, and things only got worse from there. In 1914, the average price to buy a home was approximately $3,500. They were still much more affordable than today. 1969: $15,550. Average Income. 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