🥛 Milk Price History: 1995–Today
Complete price timeline for Milk (per gallon) from 1995 to 2024.
The Bottom Line
In 1995, milk cost $2.48. Today it costs $3.98. That's a 1.6x increase — but wages only grew 2.5x.
1995 Price
$2.48
Today's Price
$3.98
Price Growth
1.6x
Wage Growth
2.5x
📊 Year-by-Year Data
| Year | Nominal Price | Inflation-Adjusted | Actual Today | Labor Hours | Multiplier |
|---|---|---|---|---|---|
| 1995 | $2.48 | $5.11 | $3.98 | 0.2h | 0.65x |
| 1996 | $2.62 | $5.25 | $3.98 | 0.2h | 0.64x |
| 1997 | $2.61 | $5.11 | $3.98 | 0.1h | 0.67x |
| 1998 | $2.70 | $5.20 | $3.98 | 0.1h | 0.68x |
| 1999 | $2.84 | $5.35 | $3.98 | 0.1h | 0.68x |
| 2000 | $2.78 | $5.07 | $3.98 | 0.1h | 0.72x |
| 2001 | $2.88 | $5.11 | $3.98 | 0.1h | 0.70x |
| 2002 | $2.76 | $4.81 | $3.98 | 0.1h | 0.73x |
| 2003 | $2.76 | $4.71 | $3.98 | 0.1h | 0.75x |
| 2004 | $3.16 | $5.24 | $3.98 | 0.1h | 0.67x |
| 2005 | $3.19 | $5.12 | $3.98 | 0.1h | 0.69x |
| 2006 | $3.08 | $4.80 | $3.98 | 0.1h | 0.74x |
| 2007 | $3.50 | $5.30 | $3.98 | 0.1h | 0.68x |
| 2008 | $3.80 | $5.53 | $3.98 | 0.2h | 0.63x |
| 2009 | $3.11 | $4.55 | $3.98 | 0.1h | 0.76x |
| 2010 | $3.26 | $4.69 | $3.98 | 0.1h | 0.72x |
| 2011 | $3.57 | $4.98 | $3.98 | 0.1h | 0.67x |
| 2012 | $3.49 | $4.77 | $3.98 | 0.1h | 0.70x |
| 2013 | $3.46 | $4.66 | $3.98 | 0.1h | 0.74x |
| 2014 | $3.69 | $4.89 | $3.98 | 0.1h | 0.69x |
| 2015 | $3.42 | $4.53 | $3.98 | 0.1h | 0.79x |
| 2016 | $3.20 | $4.19 | $3.98 | 0.1h | 0.88x |
| 2017 | $3.23 | $4.13 | $3.98 | 0.1h | 0.90x |
| 2018 | $2.90 | $3.62 | $3.98 | 0.1h | 1.04x |
| 2019 | $3.04 | $3.72 | $3.98 | 0.1h | 1.08x |
| 2020 | $3.32 | $4.02 | $3.98 | 0.1h | 0.98x |
| 2021 | $3.54 | $4.10 | $3.98 | 0.1h | 0.95x |
| 2022 | $4.09 | $4.39 | $3.98 | 0.1h | 0.87x |
| 2023 | $4.03 | $4.15 | $3.98 | 0.1h | 0.95x |
📈 Labor Multiplier Trend
How many times harder (or easier) it is to earn milk compared to each year. >1x = harder, <1x = easier.
1995
0.65x
1996
0.64x
1997
0.67x
1998
0.68x
1999
0.68x
2000
0.72x
2001
0.70x
2002
0.73x
2003
0.75x
2004
0.67x
2005
0.69x
2006
0.74x
2007
0.68x
2008
0.63x
2009
0.76x
2010
0.72x
2011
0.67x
2012
0.70x
2013
0.74x
2014
0.69x
2015
0.79x
2016
0.88x
2017
0.90x
2018
1.04x
2019
1.08x
2020
0.98x
2021
0.95x
2022
0.87x
2023
0.95x
🔗 Explore Milk by Year
Category
🛒 Food & Groceries