tivy72
Mar 16, 2009, 05:06 AM
In 1862 the soldiers were paid $13.00 a month. How much would that be in today's time.
ROLCAM
Mar 16, 2009, 05:59 AM
APPROXIMATION from available data:=
Index 1862 = 1
Index 1914 = 10 accurate
Index 2000 = 170 accurate
say Index 2009 = 200.
SAY 13 times 200 = $ 2,600 a month.
sarnian
Mar 16, 2009, 06:06 AM
Hello tivy
whatever it was, remember that the cost of living in 1862 was much lower than it is today.
So you have to relate the 1862 $13.00 to the 1862 cost of living!
Best way to find out the real value of that $ 13,00 would be to check the average house price around 1862, and relate that to the average house price in 2009.
Success!