Wages in 1920 In 1920, the Internal Revenue Service reports, the average income was $3,269.40 per year.
For wealthy, white Americans like Raskob, the “Roaring '20s” was a time of immense economic prosperity. Yet for most Americans, it wasn't. Low-wage jobs paid an average of $25 a week for men and $18 for women.
Between April 1919 and October 1920, one worker's weekly rate increased from $9 to $15; another's, from $10 to $19; and a third worker's, from $9.50 to $21.60, all raises far outstripping the inflation of the time.
In the early 1960s the majority of attorneys practiced on their own in one-man offices. The average yearly income for such practitioners was about $8,000.
By half decadeYearName1915John D. Rockefeller1920Henry Ford19251930Andrew Mellon47 more rows
In factories, while male factory workers on federal contracts in 1920 started at 40 cents an hour, women started at 25 cents.
Apartment rent Rent prices for a single person's apartment in the 1920s averaged at about $60 per month.
It's surprising what certain items at the grocery store would have set you back in 1920. For instance, a dozen eggs cost 47 cents ($6.06 today), one pound of round steak cost 40 cents ($5.16 today), and three pounds of macaroni cost 25 cents ($3.22 today).
65.7 cents in 1922, and average full-time earnings per week were $37.05 in 1928, $36.37 in 1925, and $32.92 in 1922. The averages in Table 1 for 1925 and 1928 are for all of the males and of the females in each of the occupations in the industry and for a group of employees designated as " other employees."
Wage Levels and the Price of a Ford Model TAverage EarningsPrice of a Model T1914$627$4901916$708$3601924$1,303$2901 more row
Middle-income families—those in the middle fifth of the aggregate income distribution— saw their average annual incomes, measured in constant dollars, increase from more than $15,000 in 1929 to more than $47,000 in 1998. National data on family or household income were not available before 1929.
Highest paid lawyers: salary by practice areaTax attorney (tax law): $122,000.Corporate lawyer: $115,000.Employment lawyer: $87,000.Real Estate attorney: $86,000.Divorce attorney: $84,000.Immigration attorney: $84,000.Estate attorney: $83,000.Public Defender: $63,000.More items...•