1960 United States Minimum Wage in Today's Dollars

In the year 1960, the United States minimum wage was $1.00.

This is equivalent to $8.55 in 2019 dollars.

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How much? What was the inflation of $1.00 in 1960 adjusting for cost of living changes?
Equivalent of $1.00 in 1960:
Year
Amount
Yearly Inflation
1960
$1.00
1.36%
1961
$1.01
0.67%
1962
$1.02
1.33%
1963
$1.03
1.64%
1964
$1.05
0.97%
1965
$1.06
1.92%
1966
$1.08
3.46%
1967
$1.12
3.04%
1968
$1.15
4.72%
1969
$1.21
6.20%
1970
$1.28
5.57%
1971
$1.35
3.27%
1972
$1.40
3.41%
1973
$1.45
8.71%
1974
$1.57
12.34%
1975
$1.77
6.94%
1976
$1.89
4.86%
1977
$1.98
6.70%
1978
$2.11
9.02%
1979
$2.30
13.29%
1980
$2.61
12.52%
1981
$2.94
8.92%
1982
$3.20
3.83%
1983
$3.32
3.79%
1984
$3.45
3.95%
1985
$3.58
3.80%
1986
$3.72
1.10%
1987
$3.76
4.43%
1988
$3.93
4.42%
1989
$4.10
4.65%
1990
$4.29
6.11%
1991
$4.55
3.06%
1992
$4.69
2.90%
1993
$4.83
2.75%
1994
$4.96
2.67%
1995
$5.09
2.54%
1996
$5.22
3.32%
1997
$5.39
1.70%
1998
$5.49
1.61%
1999
$5.57
2.68%
2000
$5.72
3.39%
2001
$5.92
1.55%
2002
$6.01
2.38%
2003
$6.15
1.88%
2004
$6.27
3.26%
2005
$6.47
3.42%
2006
$6.69
2.54%
2007
$6.86
4.08%
2008
$7.14
0.09%
2009
$7.15
2.72%
2010
$7.35
1.50%
2011
$7.46
2.96%
2012
$7.68
1.74%
2013
$7.81
1.50%
2014
$7.93
0.76%
2015
$7.99
0.73%
2016
$8.05
2.07%
2017
$8.21
2.11%
2018
$8.39
1.91%
2019
$8.55
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