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Cost of living 1966

Updated: 5/3/2024
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15y ago

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The cost of living in 1966 was significantly lower compared to today. In general, prices for goods and services were much cheaper, with the average annual income being around $6,900, and average home prices hovering around $22,000. Gasoline could be purchased for around $0.32 per gallon and a loaf of bread for $0.21.

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Continue Learning about Geography

Cost of Living by State?

Cost of living varies by state, with factors such as housing, food, transportation, and healthcare contributing to overall expenses. Generally, states with higher costs of living include California, New York, Hawaii, and Massachusetts, while states with lower costs of living include Mississippi, Arkansas, Oklahoma, and Missouri. Factors such as median income, taxes, and job opportunities also play a role in determining the cost of living in each state.


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What was the cost of living in 1956?

In 1956, the cost of living varied depending on factors such as location and lifestyle. On average, the cost of a gallon of milk was around $0.82, a loaf of bread was $0.18, and the average annual income was approximately $4,450.

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