Sprint100
Well-Known Member
As quoted from AOPA Pilot, January 2008...
"It is profoundly dispiriting that a new Cherokee 180 with IFR steam gaugescost $16,200 in 1967. The essentially identical airframe...at $229,200 increased in price by 1,417 percent in a 40 year span.
According to the U.S. Census Bureau, median household income in the U.S. increased from $11,975 to $48,201, or 403 percent during the same time span.
Putting it another way, a median wage earner could buy a PA-28-180 for about 16 months worth of income in 1967. Today, you'll have would have to put 57 months of income to get one."
I hope this recession we're in puts GA airplane prices where they should be.
"It is profoundly dispiriting that a new Cherokee 180 with IFR steam gaugescost $16,200 in 1967. The essentially identical airframe...at $229,200 increased in price by 1,417 percent in a 40 year span.
According to the U.S. Census Bureau, median household income in the U.S. increased from $11,975 to $48,201, or 403 percent during the same time span.
Putting it another way, a median wage earner could buy a PA-28-180 for about 16 months worth of income in 1967. Today, you'll have would have to put 57 months of income to get one."
I hope this recession we're in puts GA airplane prices where they should be.