How much is 6,000 1968 worth in Home value

terrierlady

Argue over christmas, by 1968 a house cost £6,000 what would it be todays money please.i cant find a comparable site.

lulu650

Depends what area you are looking at. London would be very different from Wales for example...........

terrierlady

sorry i did not explain right, money value is what we need, ie £6,000 in 1968 is equal to what now?

RichardD1970

Don't know how accurate it it but try here.

This is what it says,

Current data is only available till 2011. In 2011, the relative worth of £6000 0s 0d from 1968 is:

£85,400.00 using the retail price index
£81,100.00 using the GDP deflator
£162,000.00 using the average earnings
£183,000.00 using the per capita GDP
£207,000.00 using the share of GDP

tom9980

http://www.thisismoney.co.uk/money/bills/article-1633409/Historic-inflation-calculator-value-money-changed-1900.html

About £88k

lulu650

This goes up to 2012; http://www.measuringworth.com/ppoweruk/result.php?use%5B%5D=CPI&use%5B%5D=NOMINALEARN&year_early=1968&pound71=6000&shilling71=&pence71=&amount=6000&year_source=1968&year_result=2013

DaftyDuck

RichardD1970 wrote: »

Don't know how accurate it it but try here.

This is what it says,

That is a fascinating link. Thank you.

silvercar

terrierlady wrote: »

sorry i did not explain right, money value is what we need, ie £6,000 in 1968 is equal to what now?

Money invested in a house would be very different from money in the bank adjusted for whatever unit you care to mention.

terrierlady

Thanks for reply which varey as much as ours....our grandson was moaning about house prices and how easy it was for us!!!!! i earned £3.00 per week back then so yes it was a piece of cake i told him easy as pie.

Mojisola

terrierlady wrote: »

sorry i did not explain right, money value is what we need, ie £6,000 in 1968 is equal to what now?

It can give a better idea of "value" if you compare the house price to wages at the time.

http://uk.answers.yahoo.com/question/index?qid=20100315071014AA4sFWm gives average wages (1968 - £1,488.98).

terrierlady

i was an apprentice, also had early morning cleaning job and evenings on a garage forecourt selling petrol.