Prices are now 11.2x higher than in 1962
According to the Bureau of Labor Statistics, something that cost $100 in 1962 costs about $1,115.70 today. The inflation rate in 1962 was 1.0%, and total inflation from 1962 to September 2026 was 1,016%.
The federal minimum wage was $1.15 an hour at the end of 1962, or about $12.83 an hour in today's dollars.
The S&P 500 index started 1962 at 69.07. With dividends reinvested, $100 invested in the S&P 500 in 1962 would have grown to about $66,110.67 by 2026, before adjusting for inflation.
Some costs rose much faster than others. Compared with overall inflation, tobacco rose the most since 1962 (420% more than inflation), and clothing rose the least (74% less).
| All prices, on average | $1,115.70 |
| Food | $1,137.93 |
| Groceries | $1,001.74 |
| Restaurant meals | $1,477.33 |
| Eggs | $496.63 |
| Milk | $638.50 |
| Bread | $1,268.07 |
| Meat | $1,115.55 |
| Fresh fruit | $1,485.24 |
Cost of living in 1962 by category
The Bureau of Labor Statistics began publishing average prices for individual items in 1980. For 1962, these comparisons use the consumer price index for each spending category: each row shows what something that cost $100 in 1962 costs in September 2026, and how that compares with overall inflation of 1,016%.
Food & drink
| Category | $100 in 1962 today | Compared with inflation |
|---|---|---|
| Food | $100 in 1962 today$1,137.93 | Compared with inflation2% more than inflation |
| Groceries | $100 in 1962 today$1,001.74 | Compared with inflation10% less than inflation |
| Restaurant meals | $100 in 1962 today$1,477.33 | Compared with inflation32% more than inflation |
| Eggs | $100 in 1962 today$496.63 | Compared with inflation55% less than inflation |
| Milk | $100 in 1962 today$638.50 | Compared with inflation43% less than inflation |
| Bread | $100 in 1962 today$1,268.07 | Compared with inflation14% more than inflation |
| Meat | $100 in 1962 today$1,115.55 | Compared with inflationsame as inflation |
| Fresh fruit | $100 in 1962 today$1,485.24 | Compared with inflation33% more than inflation |
| Sugar and sweets | $100 in 1962 today$1,375.70 | Compared with inflation23% more than inflation |
| Alcohol | $100 in 1962 today$692.86 | Compared with inflation38% less than inflation |
| Tobacco | $100 in 1962 today$5,799.80 | Compared with inflation420% more than inflation |
Housing & energy
| Category | $100 in 1962 today | Compared with inflation |
|---|---|---|
| Rent | $100 in 1962 today$1,122.52 | Compared with inflation1% more than inflation |
| Electricity | $100 in 1962 today$1,020.32 | Compared with inflation9% less than inflation |
| Natural gas | $100 in 1962 today$1,497.73 | Compared with inflation34% more than inflation |
| Heating oil | $100 in 1962 today$3,530.13 | Compared with inflation216% more than inflation |
Transportation
| Category | $100 in 1962 today | Compared with inflation |
|---|---|---|
| Gasoline | $100 in 1962 today$1,400.47 | Compared with inflation26% more than inflation |
| New cars | $100 in 1962 today$341.63 | Compared with inflation69% less than inflation |
| Used cars | $100 in 1962 today$636.10 | Compared with inflation43% less than inflation |
| Public transportation | $100 in 1962 today$1,213.03 | Compared with inflation9% more than inflation |
Other costs
| Category | $100 in 1962 today | Compared with inflation |
|---|---|---|
| Clothing | $100 in 1962 today$294.56 | Compared with inflation74% less than inflation |
| Shoes | $100 in 1962 today$358.65 | Compared with inflation68% less than inflation |
| Medical care | $100 in 1962 today$2,518.00 | Compared with inflation126% more than inflation |
| Doctor visits | $100 in 1962 today$1,900.64 | Compared with inflation70% more than inflation |
| Prescription drugs | $100 in 1962 today$1,108.03 | Compared with inflation1% less than inflation |
| Personal care | $100 in 1962 today$852.15 | Compared with inflation24% less than inflation |
| Postage | $100 in 1962 today$1,792.17 | Compared with inflation61% more than inflation |
Frequently asked questions
How much is $1 from 1962 worth today?
$1 in 1962 has about the same buying power as $11.16 today, according to the Bureau of Labor Statistics consumer price index.
What was the inflation rate in 1962?
The U.S. inflation rate in 1962 was 1.0%, measured as the change in the consumer price index from 1961 to 1962.
What was the minimum wage in 1962?
The federal minimum wage at the end of 1962 was $1.15 an hour, or about $12.83 an hour in today's dollars.
Which costs rose the most since 1962?
Of the spending categories tracked since 1962, tobacco rose the most relative to overall inflation: something that cost $100 in 1962 costs about $5,799.80 today. Clothing rose the least, to about $294.56.
Where these numbers come from
Category comparisons use the Bureau of Labor Statistics consumer price index for each category, from the 1962 annual average to September 2026. Overall inflation uses the same consumer price index as our 1962 inflation calculator. The federal minimum wage is from the U.S. Department of Labor, via the Federal Reserve Bank of St. Louis. S&P 500 values are from Robert Shiller's historical stock market data.
Prices in other years
- 1914
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- 2022
- 2023
- 2024
- 2025
| All prices, on average | $1,115.70 |
| Food | $1,137.93 |
| Groceries | $1,001.74 |
| Restaurant meals | $1,477.33 |
| Eggs | $496.63 |
| Milk | $638.50 |
| Bread | $1,268.07 |
| Meat | $1,115.55 |
| Fresh fruit | $1,485.24 |