Houses weren't always this expensive. The average rent for a family would have been between $50 and about $70 per month. Average Home Size 1950 vs. Today. Eg. In 1960, it had risen to $11,900, then $17,000 in 1970. GPO supplied telephone from the 1950s Telephone calls average income and house price for 1950s, 1960s, 1970s, 1980s, 1990s and the associated gaps if any." ... and a public sector one through the 1950s, 60s and 70s. Prices for Televisions, 1950-2020 ($300) According to the U.S. Bureau of Labor Statistics, prices for televisions were 99.15% lower in 2020 versus 1950 (a $297.44 difference in value).. The average size of a new house in 1950 was 983 square feet. We also tend to live in much bigger houses. In 1950, it crept up to $7,354. In 1950, the average family income was $3,300, the median home price was $7,354, the average car cost $1,510 and annual tuition at the University of Pennsylvania was $600. At the same time, family size went from about 3.5 persons per household, to around 2.5 today [5]. An average house in 1959 was 4.6 times the average annual income. Prices for 1953: House: $8,200 Average income: $4,011 Ford car: $1537-$2403 Today it is 8.3 times. 1914 Car: $500 House: $3,500 Milk: $.32 Bread: $.06 Gas: $.12. In 2004 it stood at 2,349 square feet [4]. By 1980, the cost of buying a home had skyrocketed to $47,200, and things only got worse from there. The answer is yes, according to economists like Shamubeel Eaqub. What did things cost over the decades, compared to today? So in the 1950s it was cheaper to buy a house than today. The most substantial purchases then, as they are today, are the cost of purchasing a home, the cost of purchasing a car and the cost of college tuition. Fifties Web Pop History - 1953 Prices. The Year: 1957 The Buyers: Mae and Leonard. Take a look at these 10 house hunting and home buying mistakes you can easily avoid. Between 1950 and 2020: Televisions experienced an average inflation rate of -6.58% per year.This rate of change indicates significant deflation. A bigger house incurs more costs, even with fewer people living there. In 1940, the median home value in the U.S. was just $2,938. Even by 1918, when house prices had fallen for pretty much 70 years, more than three-quarters of people rented. In fact, it could cost you well over $1 million to purchase a home. Rent in 1950 varied slightly according to the size of the house or apartment. Mortgages depend on income, so house prices have a stronger link with incomes than prices. 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