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    tivy72's Avatar
    tivy72 Posts: 2, Reputation: 1
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    #1

    Mar 16, 2009, 05:06 AM
    How Much would this be
    In 1862 the soldiers were paid $13.00 a month. How much would that be in today's time.
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
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    #2

    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's Avatar
    sarnian Posts: 462, Reputation: 9
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    #3

    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!
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