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1949: what things cost, the #1 song and more

In 1949, a gallon of gas cost 27¢, a half-gallon of milk was 42¢ and a stamp was 3¢. If you were born in 1949, you turn 77 in 2026. Here's how 1949 prices compare with today.

Born in
1949
Baby Boomer
⛽Gas27¢Today: $4.48
🥛Milk (½ gal)42¢Today: $2.05
🥚Eggs70¢Today: $2.27
🍞Bread14¢Today: $1.83
☕Coffee55¢Today: $9.33
✉️Stamp3¢Today: 82¢
⏱️Minimum wage40¢Today: $7.25
🎵 #1 song: “Riders in the Sky”
Vaughn Monroe Orchestra

Prices in 1949 vs. today

“In today's money” adjusts the 1949 price for inflation (CPI-U, Sep 2026). If today's price is higher than that, the item really did get more expensive, not just the dollar.

Item1949In today's moneyToday
⛽ Gallon of regular gasper gallon27¢$3.79$4.48
+1,572%
🥛 Half-gallon of whole milkper half-gallon42¢$5.97$2.05
+386%
🥚 Dozen large eggsper dozen70¢$9.85$2.27
+226%
🍞 Loaf of white breadper pound14¢$1.98$1.83
+1,207%
☕ Pound of ground coffeeper pound55¢$7.84$9.33
+1,584%
✉️ First-class postage stampper letter3¢42¢82¢
+2,633%
⏱️ Federal minimum wageper hour40¢$5.66$7.25
+1,712%
🧰 Average factory worker's hourly payper hour, manufacturing production workers$1.25$17.73$30.21
+2,311%
🥓 Pound of baconper pound67¢$9.41$6.76
+916%
🍌 Pound of bananasper pound17¢$2.3566¢
+295%
🍬 Pound of white sugarper pound9.5¢$1.34$1.02
+973%
🌾 Pound of flourper pound9.6¢$1.3655¢
+468%

1949 at a glance

Turning this year77 years old
GenerationBaby Boomer
PresidentHarry S. Truman
U.S. population149.2 million
$1 back then is worth$14.15 today
🎵
Song of the year
“Riders in the Sky”
Vaughn Monroe Orchestra · Billboard Year-End #1

Questions people ask about 1949

How much was a gallon of gas in 1949?

Regular gasoline averaged 27¢ a gallon in 1949 (U.S. city average, including taxes). That's about $3.79 in today's money. In Sep 2026 it averaged $4.48.

How much was a postage stamp in 1949?

A first-class stamp cost 3¢ in 1949. Today it costs 82¢.

What was the minimum wage in 1949?

The federal minimum wage was 40¢ an hour in 1949, worth about $5.66 an hour today. It has been $7.25 since July 2009.

How much was milk in 1949?

A half-gallon of whole milk averaged 42¢ in 1949. Today: $2.05.

How much were eggs in 1949?

A dozen large Grade A eggs averaged 70¢ in 1949. Today: $2.27.

What was the #1 song of 1949?

Billboard's top song of 1949 was “Riders in the Sky” by Vaughn Monroe Orchestra.

How much is $1 from 1949 worth today?

$1 in 1949 buys about as much as $14.15 did in Sep 2026, based on the Consumer Price Index (CPI-U).

Sources: U.S. Energy Information Administration (regular gasoline, U.S. city average retail price incl. taxes; leaded until 1975, unleaded from 1976); U.S. Bureau of Labor Statistics, Average Price Data (U.S. city average) (from 1980); Before 1980: U.S. Bureau of Labor Statistics retail food prices as published by the U.S. Census Bureau (Historical Statistics of the United States, Series E 187–202, and the Statistical Abstract of the United States); U.S. Postal Service rate history (rate in effect July 1); U.S. Department of Labor (rate in effect July 1); U.S. Bureau of Labor Statistics, Current Employment Statistics; Billboard Year-End Hot 100. How we calculate these.