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1962 money value

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ProfilePosted byOptionsPost Date

Barry

Barry Report 13 May 2020 20:45

hi wonder if any one knows the money value in today's money of £1,800 in 1962.

Thanks for looking
Barry :-)

ArgyllGran

ArgyllGran Report 13 May 2020 20:51

According to this website it would have been just over £99.

£99 in 1962 would be worth £1797.19 today.
£100 in 1962 would be worth £1815.34 today.

https://www.inflationtool.com/british-pound/1962-to-present-value?amount=99


EDIT:

Oops, no, I've done it the wrong way round.

Going by that website's calculation, £1800 in 1962 would be worth £32676.13 today.

(But that doesn't agree with ErikaH's figures below.)

Researching:
Old genealogists never die.....they just lose their census.

ErikaH

ErikaH Report 13 May 2020 21:20

100 GBP in 1962 is worth 2147.63 today

Do the maths

You could have done what I did - googled

ArgyllGran

ArgyllGran Report 13 May 2020 21:48

And another website says £1 in 1962 would be worth £14.30 today, which means £1800 would be worth £25740 today

https://www.answers.com/Q/What_was_the_value_of_the_British_Pound_in_1962

Researching:
Old genealogists never die.....they just lose their census.

Barry

Barry Report 13 May 2020 22:28

thanks everone

Barry

Barry Report 13 May 2020 22:29

thanks everone

KathleenBell

KathleenBell Report 14 May 2020 11:06

It really depends on whether you just want an equivalent amount in cash or whether you want the price of a house or a particular item. That would also depend on where in the country you live.

We bought our house in 1969 and paid £2,650 for it (a three bedroomed end of terrace with large (ish) garden. Today it is worth around £100,000. We live in the north east. However down south things would be very different.

Kath. x