An Average salary in 1967 is the sum of individual incomes divided by the number of workers in the country. You can also generate a table showing how much money American workers earned by year and by percentile. We’ve been tracking salary data for that last few decades to see how average salary has grown over time. This will enable you to compare growth across many different types of groups or compare it to previous years and make year-over-year comparisons.
The average salary in 1967 was $5,280. This makes me grateful that the cost of living has increased by an average of 3% each year and ( hopefully) we will be much better off than when I started.
Average salary in 1967
The average salary for a male in 1967 was around $5,000 a year. The minimum wage for a janitor was about $12 and hour. Meanwhile, the average home cost around $16,800 and the average family car was around around $3,800.
Today’s income figure is on par or even higher than the average income 40 years ago. The average income today is $36,248 a year ($17,846 in 1967). This would have put the husband’s salary 2nd-4th tier in 1967 which was about $8600 a year ($3750 in 1967). The wife’s salary puts her in the 4th tier category now – $15,000 with no graduate school experience.
A single year cost of living adjustment can make a big difference between the purchasing power you have today and the way things were in 1967. For example, the average home value was $27,600 ($139,700 in 2015 dollars) and the median annual household income was $6,742 ($31,910 in 2015 dollars). Overall, a dollar could buy you far less in 1967 compared to 2015.
The wage gap was significantly more narrow in the 1960s than it is now, at 78.4 percent — today, that number is closer to 70.4 percent. However, as we’ve seen, there are plenty of things other than simply gender that contribute to the wage gap. When you look at the numbers from a different angle or even a similar angle but with a different metric, discrepancies pop up that might not seem immediately obvious — and the wage gap doesn’t seem like such an unquestionably cut-and-dry issue. Perhaps most importantly, a number of factors come into play after graduation besides simply the cost of education: job security, raises over one’s working years, and benefits like paid maternity leave are just a few examples. After seeing such wildly different numbers in conjunction with each other (for example, nearly 40 percent of women are primary breadwinners today), we’re inclined to think that the “77-cents-on-the-dollar” statistic may be flawed — if not altogether inaccurate.
The salary increases for graphic designers are quite competitive. This may make up for the expected career growth of a designer.
Overall, the graphic design industry has a lot of potential. The BLS has statistics that show how this field is expected to grow by almost 40% by 2020. It’s a career of interest to many and one that’s filled with high salaries, opportunities, and benefits.
