The $5,935 House

The recent President’s Day holiday got me thinking about history. Specifically the historical cost of living in America. Take a look at the cost of “the basics” 100 years ago.

In 1912:

The average house cost: $5,935

The average car cost: $690                                                                                                                                                                                                                                                                                                                                                                                         **As ofthe 1920’s only 1 in 5 Americans owned a car – today there are an average of 2.28 vehicles owned per household in our country!

The average annual wage: $564

Last year’s averages:

House: $218,200

Car: $28,150

Annual Wage: $44,670

Check out www.TheCostofLiving.com for a searchable database of the cost of living in America year by year.

While the law of averages makes for interesting conversation, the law of Home Valuation is a fine art. Every neighborhood is different; a Current Market Analysis conducted by an experienced, licensed real estate professional is invaluable in making important decisions about your home. Call me or drop a line to request a Current Market Analysis of your property. Whether you are considering a move, considering your options, or simply curious about the value of your home in today’s market, I am happy to provide a detailed Current Market Analysis of your property.

Jack Meyers            jackestate@aol.com                303.263.3050

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