November 21, 2012
In 1954 Fords top of the line model was the Crestline. The Ford Crestline Sunliner
Convertible was priced at $2,164 for the six cylinder model or $2,241 when it was
equipped with a V-8 engine.
1954 facts
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Postage stamp 3 cents
minimum wage 75 cents per hour
Loaf of Bread 17 cents
Gallon of milk 92 cents
Gallon of gas 29 cents
Average annual salary $4,700
House $17,500
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2012 facts
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Postage stamp 45 cents
minimum wage $9.04 per hour (Washington state)
Loaf of Bread $2.20
Gallon of milk $2.79
Gallon of gas $3.75
Average annual salary $40,925
House $263,200
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The economy could be better but prices haven’t changed much when compared
to wages in 1954.
John Balgenorth