In 1979, when my parents bought a new Dodge Aspen wagon, its price of $5,000 was around the median car price, at about ⅓ of the median annual wage. That’s about $22,000 in 2026 dollars, which is about ⅓ of the median annual wage now. But the median car price is up to $50,000.
In 1979, when my parents bought a new Dodge Aspen wagon, its price of $5,000 was around the median car price, at about ⅓ of the median annual wage. That’s about $22,000 in 2026 dollars, which is about ⅓ of the median annual wage now. But the median car price is up to $50,000.