The Cost of Living 1970. The average hourly wage in the United States was about $3.36 cents. Gas was around 36 cents a gallon. Long drives were common. A brand new house cost roughly $23,000, while average monthly rent was about $108. A loaf of bread cost about 24 cents. A gallon of milk was around $1.32. A dozen eggs sold for about 61 cents. A new
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