Gordon Jenkins and The Weavers
Prices in 1950 vs. today
“In today's money” adjusts the 1950 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.
| Item | 1950 | Today |
|---|---|---|
| ⛽ Gallon of regular gasper gallon | 27¢ | $4.48 +1,572% |
| 🥛 Gallon of whole milkper gallon | 77¢ | $4.11 +432% |
| 🥛 Half-gallon of whole milkper half-gallon | 39¢ | $2.05 +432% |
| 🥚 Dozen large eggsper dozen | 60¢ | $2.27 +276% |
| 🍞 Loaf of white breadper pound | 14¢ | $1.83 +1,180% |
| ☕ Pound of ground coffeeper pound | 79¢ | $9.33 +1,075% |
| ✉️ First-class postage stampper letter | 3¢ | 82¢ +2,633% |
| ⏱️ Federal minimum wageper hour | 75¢ | $7.25 +867% |
| 🧰 Average factory worker's hourly payper hour, manufacturing production workers | $1.32 | $30.21 +2,196% |
| 🍔 Pound of ground beefper pound | 57¢ | $6.79 +1,100% |
| 🥓 Pound of baconper pound | 64¢ | $6.76 +961% |
| 🍗 Pound of whole chickenper pound | 60¢ | $2.06 +247% |
| 🍌 Pound of bananasper pound | 16¢ | 66¢ +302% |
| 🍅 Pound of tomatoesper pound | 24¢ | $1.99 +720% |
| 🍬 Pound of white sugarper pound | 9.7¢ | $1.02 +951% |
| 🌾 Pound of flourper pound | 9.8¢ | 55¢ +456% |
1950 at a glance
Questions people ask about 1950
How much was a gallon of gas in 1950?
Regular gasoline averaged 27¢ a gallon in 1950 (U.S. city average, including taxes). That's about $3.75 in today's money. In Sep 2026 it averaged $4.48.
How much was a postage stamp in 1950?
A first-class stamp cost 3¢ in 1950. Today it costs 82¢.
What was the minimum wage in 1950?
The federal minimum wage was 75¢ an hour in 1950, worth about $10.50 an hour today. It has been $7.25 since July 2009.
How much was milk in 1950?
A gallon of whole milk averaged 77¢ in 1950. Today: $4.11.
How much were eggs in 1950?
A dozen large Grade A eggs averaged 60¢ in 1950. Today: $2.27.
What was the #1 song of 1950?
Billboard's top song of 1950 was “Goodnight, Irene” by Gordon Jenkins and The Weavers.
How much is $1 from 1950 worth today?
$1 in 1950 buys about as much as $14.00 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.
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