£1,200!

posted 7 years ago by thomaswork
4 replies | jump to latest

£1,200 for a house that size, what a bargain ?

Probably not for the era. Average wages were about £165 a year in the mid 30s

£165 pounds a year?? You realize of course that's less than half-a-pound a day.

Are you sure that's accurate?

Money was worth a lot more in those days. In terms of buying power, £165 in 1937 was equivalent to around £11,000 today.

According to the UK Composite Price Index Calculator, 1,200 GBP in 1937 was equivalent to 84,000 GBP in 2021 (116,000 USD).