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1987: what things cost, the #1 song and more

In 1987, a gallon of gas cost 95¢, a half-gallon of milk was $1.14, a stamp was 22¢ and the median house sold for $104,700. If you were born in 1987, you turn 39 in 2026. Here's how 1987 prices compare with today.

Born in
1987
Millennial
🏠House$104,700Today: $393,300
⛽Gas95¢Today: $4.48
🥛Milk (½ gal)$1.14Today: $2.05
🥚Eggs78¢Today: $2.27
🍞Bread55¢Today: $1.83
☕Coffee$2.79Today: $9.33
✉️Stamp22¢Today: 82¢
🎵 #1 song: “Walk Like an Egyptian”
The Bangles

Prices in 1987 vs. today

“In today's money” adjusts the 1987 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.

Item1987In today's moneyToday
🏠 Median price of a house soldmedian sale price$104,700$310,474$393,300
+276%
⛽ Gallon of regular gasper gallon95¢$2.81$4.48
+373%
🥛 Half-gallon of whole milkper half-gallon$1.14$3.37$2.05
+81%
🥚 Dozen large eggsper dozen78¢$2.32$2.27
+190%
🍞 Loaf of white breadper pound55¢$1.62$1.83
+235%
☕ Pound of ground coffeeper pound$2.79$8.26$9.33
+235%
✉️ First-class postage stampper letter22¢65¢82¢
+273%
💡 Kilowatt-hour of home electricityper kWh, residential7.5¢22.2¢18.3¢
+144%
⏱️ Federal minimum wageper hour$3.35$9.93$7.25
+116%
🧰 Average factory worker's hourly payper hour, manufacturing production workers$9.77$28.97$30.21
+209%
👪 Median family incomeper year$31,000$91,926$110,500
+256%
🍔 Pound of ground beefper pound$1.31$3.88$6.79
+418%
🥓 Pound of baconper pound$2.14$6.35$6.76
+216%
🍗 Pound of whole chickenper pound79¢$2.33$2.06
+163%
🧀 Pound of cheddar cheeseper pound$3.06$9.06$6.13
+101%
🍌 Pound of bananasper pound37¢$1.0866¢
+80%
🍅 Pound of tomatoesper pound82¢$2.44$1.99
+142%
🍬 Pound of white sugarper pound35¢$1.05$1.02
+189%
🌾 Pound of flourper pound21¢61¢55¢
+166%

1987 at a glance

Turning this year39 years old
GenerationMillennial
PresidentRonald Reagan
U.S. population242.8 million
$1 back then is worth$2.97 today
#1 albumSlippery When Wet – Bon Jovi
🎵
Song of the year
“Walk Like an Egyptian”
The Bangles · Billboard Year-End #1

Questions people ask about 1987

How much was a gallon of gas in 1987?

Regular gasoline averaged 95¢ a gallon in 1987 (U.S. city average, including taxes). That's about $2.81 in today's money. In Sep 2026 it averaged $4.48.

How much was a postage stamp in 1987?

A first-class stamp cost 22¢ in 1987. Today it costs 82¢.

How much did a house cost in 1987?

The median price of a house sold in the U.S. in 1987 was $104,700, about $310,474 adjusted for inflation. The latest median (Q3 2026) is $393,300.

What was the minimum wage in 1987?

The federal minimum wage was $3.35 an hour in 1987, worth about $9.93 an hour today. It has been $7.25 since July 2009.

How much was milk in 1987?

A half-gallon of whole milk averaged $1.14 in 1987. Today: $2.05.

How much were eggs in 1987?

A dozen large Grade A eggs averaged 78¢ in 1987. Today: $2.27.

What was the #1 song of 1987?

Billboard's top song of 1987 was “Walk Like an Egyptian” by The Bangles.

How much is $1 from 1987 worth today?

$1 in 1987 buys about as much as $2.97 did in Sep 2026, based on the Consumer Price Index (CPI-U).

Sources: U.S. Census Bureau & HUD, Median Sales Price of Houses Sold; 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); U.S. Postal Service rate history (rate in effect July 1); U.S. Energy Information Administration (average residential price incl. taxes); U.S. Department of Labor (rate in effect July 1); U.S. Bureau of Labor Statistics, Current Employment Statistics; U.S. Census Bureau, Current Population Survey; Billboard Year-End Hot 100. How we calculate these.