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Weekly Wage Buys
More in Rappk.
How is the average working man in Rappahannock County making out these days? Is he better off than he was ten or twenty years ago? His income has been going up steadily, year by year, and from that standpoint, he is in better shape.
However, his living costs have also been moving upward. Rent, medical care, apparel, food, services and taxes are all considerably higher than they were in the “good old days.”
Taking into consideration both the plus and the minus factors, where does he stand today?
According to data compiled by the National Industrial Conference Board, the Bureau of Labor Statistics and others, he is well ahead of the game. He is able to buy more goods and services, with the amount that he earns for a day’s work, than he ever could.
The reason is that his pay scale has moved up faster than his living costs. Income per household in Rappahannock County is no less than 69 percent higher, on average, than it was ten years ago. By way of comparison, costs are only about 20 percent higher.
As a result, the average working man in the local area is now able to buy a pound of coffee, for example, after putting in about 28 minutes on the job. It would have taken nearly twice as long ten years ago.
89.8%