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Probably between 5,000 and 10,000 dollars. That might seem very low by today's standards, but don't forget in those times the average wage was under a dollar an hour. The typical salary was probably around $3,000 per year. Thus, a home cost two or three annual incomes. Now-a-days, the ratio is about the same.

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Q: What was the average cost of a new home in 1929?
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