Which matters to the home seller, real or nominal prices? The rent for a small dwelling was about $4.50 a month. In 1969 the average price of a house varied depending on size and location. Use the list above to figure out the family’s wages and how much they spend on the cost of living. Eilzabethan Cost of Living The following are typical Elizabethan prices, most of which come from the 1580s and 90s. 3). A $10,000 house in 1890 would be worth almost the same in real dollars in 2010 but more than $350,000 in nominal dollars in 2010. 1851-1893: Australians, an historical library: See Volume 10 (statistics), Chapter 20: Housing (p.347). The men driving the horse drawn streetcars in New York in the 1880's made $1.75 a day working 14 to 16 hr. a day. Beef and mutton were then 7½d. Below are a few families and their wages. 2d. here is a start, see how you get on with this lot, try a search of cost of living in 1870 and see what else you can find. The cost of living for the upper classes who do not depend so much upon bread as do the poor, did not vary very much during the thirties and forties, but by 1851, the year of the Great Exhibition, it had fallen considerably. Florence Self Build House Price: $1,198 Description Florence Cozy 5 Room Cottage comes with everything needed to complete your property including Full Plans, Lumber, Roofing Shingles, Doors, Windows, Hard Wood Flooring, Moldings plus the varnish and paint to complete your house. The second silhouette of the 1880s began developing around 1883 and disappeared in the 1890s. and 8½d. It provides index of house rents, values of new dwellings and occupancy statistics. If you worked in manufacturing (as many did during this period of mechanization), you could have expected to make approximately $1.34 a day in 1880, which adds up to $345 annually for an average 257 days of work in a given year. The average wage earner only made $16.00 a week. : Florence Floor Room Layout Price: Description The Florence is a Cozy 5 room cottage … 1800's - Cost of living in the 1800's - One bag of flour $1.80 - Small measure of potatoes daily at .17 per day = $1.19 - One quarter pound of tea .38 - One quart of milk .56 - One pound of cheap coffee .35 - Three and one half pounds Sugar $1.05 - One half ration … How did the average wage-earner feed, clothe, and house his family? Provides the prices for the sale of properties in 1864 (p.59-63). However I did find some information in the ones I have that may be of use: The title deeds for the Rodsley House Estate in Gateshead (at the time Gateshead was still part of Co. Durham) reveal that the House and lands were sold in March 1873 for a price of £25,000. In addition, it cost about $5 a month to clothe and feed each member of the family. The thick blue line is actual nominal home prices. On average they would cost about $25,000. By 1884, the bustle had returned, this time a hard, shelf-like protrusion that projected from the small of the back (Fig. These make buying a home look like a pretty good investment. lb., oysters, the best natives, 7d. Most statistics refer to national rather than state. If a seller is holding a mortgage then the question is: Can I sell for more If you imagine a living wage being about 5/- a week, and the price of a cheap cottage £150; or £800 for an ordinary house in the london suburbs (which is the example I remember), you can scale up to modern prices. These, of course, are not the only possible prices for any given item, but they should give some idea of what was a typical or fair price. a lb., butter 1s. 1800's Cost of Living. Some trades only made two, three, four, or six dollars a week. 1901-1990 Living the following are typical Elizabethan prices, most of which come from the 1580s and 90s to hr... 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