🚗 Price of New Car in 1997
Verdict: Inflation Trap
New Car cost $20276.00 in 1997. Adjusted for inflation, that's $39623.34 today. The actual price today is $48397.00 — 22.1% more expensive.
⏱️ Labor Hours to Buy New Car
1997
1139.5
hours of median work
Today
1202.3
hours of median work
In 1997, a median earner worked 1139.5 hours to buy new car. Today, it takes 1202.3 hours. It is 1.1x harder to earn.
📈 New Car Price History
1984
2024