$10.86 and $119.463 in today’s dollars. Currently the federal minimum wage is $7.25 or $0.67 an hour in 1960s dollars.
Assuming 2 weeks off a year this would be an annual income of $43,440 or 36% of the home’s value, less than 3 years wages. In 2025, the median home value is $416,900 and a couple earning the federal minimum wage would earn $29,000 per year, which is 7% of the home’s value or 14 years worth of wages.
$10.86 and $119.463 in today’s dollars. Currently the federal minimum wage is $7.25 or $0.67 an hour in 1960s dollars.
Assuming 2 weeks off a year this would be an annual income of $43,440 or 36% of the home’s value, less than 3 years wages. In 2025, the median home value is $416,900 and a couple earning the federal minimum wage would earn $29,000 per year, which is 7% of the home’s value or 14 years worth of wages.