🚗 Price of New Car in 1994
Verdict: Inflation Trap
New Car cost $18657.00 in 1994. Adjusted for inflation, that's $39484.98 today. The actual price today is $48397.00 — 22.6% more expensive.
⏱️ Labor Hours to Buy New Car
1994
1202.9
hours of median work
Today
1202.3
hours of median work
In 1994, a median earner worked 1202.9 hours to buy new car. Today, it takes 1202.3 hours. It is 1.0x easier to earn.
📈 New Car Price History
1984
2024