Cost of Living 1989

How Much things cost in 1989

Yearly Inflation Rate U.S.A. 4.83%
Year End Close Dow Jones Industrial Average 2753
Interest Rates Year End Federal Reserve 10.50%
Average Cost of new house $120,000.00
Average Income per year $27,450.00
Average Monthly Rent $420.00
Average Price for new car $15,3500.00
1 gallon of gas 97 cents
US Postage Stamp 25 cents

• Serial killer Ted Bundy is executed in Florida's electric chair
• Hurricane Hugo ( Category 5 ) strikes Puerto Rico, St. Croix, Guadeloupe, Montserrat, South Carolina and North Carolina, the hurricane claimed over 80 lives and in 1989 was the costliest hurricane in financial terms up the that date
• Scientists pronounce 1989 as the warmest on record possibly a sign of the greenhouse effect
• George Bush Snr becomes president of the United States

• Grammys awarded in 1989
  Record of the Year: "Don't Worry Be Happy," Bobby McFerrin
  Album of the Year: Faith, George Michael (Columbia/CBS)
  Song of the Year: "Don't Worry Be Happy," Bobby McFerrin, songwriter

  America's beloved comedienne Lucille Ball dies at age 87

• Ruptured tanker Exxon Valdez sends 11 million gallons of crude oil into Alaska's Prince William Sound (March 24).