1909: The Ford Model T touring car had a sticker price of $850.00, or $23,552 today.
Today: A 2018 Ford Focus is only $17,950. But the price discrepancy isn’t the most interesting part.
The yearly income in 1909 was around $500.00, so $850.00 was probably more than the Average Joe could afford. Today’s average income is $61,372, according to Census. So, a Ford Focus is well within reach for most people.
Are you shopping around for a new car this year? Check out why 2018 Is a Bad Year to Finance a New Car.
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