Oh exactly how the times have actually changed. You won"t believe how cheap milk was in the ‘60s and also what the prices are doing now.

You are watching: How much did a gallon of milk cost in 1970


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Nothing makes us fairly so nostalgic together thinking around how lot things cost back in the great old days. So let’s take a trip down memory lane and consider the price of miscellaneous you might use every day: milk.

To execute that, we’ve looked to the National farming Statistical business of the U.S. Department of Agriculture. The has numbers for the national median price every hundredweight the milk for the years 1960-2016. We broke it down to a every gallon price (by suspect 11.63 gallons that milk every hundredweight, and also then round off to the nearest cent.)

Now, this numbers represent just how much farmers obtained paid for their milk, not exactly how much you would pay in the store. The average retail price because that a gallon the fresh entirety milk is easily accessible from the university of Wisconsin-Madison beginning with the year 1995. For this reason if you’re 22 or younger, you’ll check out those price for your birth year together well.

So let’s see: exactly how much did milk cost the year you to be born?

1960: 36 cent per gallon

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Milk was cheap – oh, for this reason cheap! In 1960, farmers gained paid 36 cent per gallon because that the white stuff and also you might have paid just a small bit more in the store.

1961: 36 cents

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Prices would certainly remain reasonably stable through much of the ‘60s, and also the commodity cost of milk in 1961 was likewise 36 cent per gallon. (And yes, kiddos, a milkman offered to drop turn off bottles at your door.)

1962: 35 cents

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Shoppers could have conserved a few cents in 1962 when the commodity expense of milk fell to 35 cent per gallon.

1963: 36 cents

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The price payment to dairy products farmers continued to be the exact same in 1963 in ~ 36 cent per gallon.

1964: 36 cents

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The price that 36 cent per gallon the milk held steady right into 1964 as well.

1965: 37 cents

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By 1965, the expense of milk would start a slow and also steady climb across the comes decade. At 37 cent per gallon, this year would note the last time farmer would ever before see the price of milk listed below 40 cents.

1966: 42 cents

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In 1966, farmers to be making much more than 40 cent per gallon for the very very first time. The expense of milk was 42 cent per gallon the year.

1967: 43 cents

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With military activity in Vietnam ramping up, the so late ‘60s were marked by a period of unrest and uncertainty. But you wouldn’t recognize that indigenous the price the milk, i beg your pardon remained reasonably steady at 43 cents per gallon in 1967.

1968: 45 cents

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The price of the dairy product inched as much as 45 cents per gallon in 1968.

1969: 47 cents

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To close out the decade, farmers can expect to get 47 cent for each gallon the milky goodness they might get from your cows.

1970: 49 cents

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It to be a new decade and also a brand-new year, one in which farmers were paid 49 cent per gallon the milk.

1971: 50 cents

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In ten year time, the price every gallon the milk had actually risen 14 cents. It damaged the 50-cent obstacle in 1971.

1972: 52 cents

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In 1972, the cost of milk was just 52 cents a gallon. Human being might not have realized it at the time, yet this would mark the end of a duration of family member stable milk prices and beginning of rapid increases.

1973: 62 cents

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If you to be born in 1973, your parents might have found themselves budgeting a little bit extra for their milk. Prices jumped 10 cents from the ahead year because that a commodity price of 62 cent per gallon. An short article in the Aug. 7, 1973, version of the Chicago Tribune noted the average retail cost of a gallon was $1.20. A milk market spokesperson was quoted together saying: “This is no the last such boost you’ll hear of this year.” therefore true.

1974: 72 cents

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That industry spokesperson to be right: The commodity price jumped another 10 cents to 72 cent per gallon in 1973. The price spikes have actually been attributed come rising cattle feed costs and also other expenses. However, the didn’t protect against President Richard Nixon indigenous washing under his last meal in the White House, above, with a glass the milk.

1975: 75 cents

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In 1975, the commodity expense of milk leveled off to 75 cents per gallon.

1976: 83 cents

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However, in 1976, prices because that dairy farmers to be on the move again to 83 cents per gallon.

1977: 83 cents

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The commodity price of milk continued to be at 83 cents per gallon in 1977.

1978: 91 cents

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The Food and farming Act the 1977 may have helped press the commodity price the milk come 91 cent per gallon in 1978. Sleeve prices ranged indigenous $1.29 come $1.62 per gallon in the Chicago area, follow to a Chicago Tribune article at the time.

1979: $1.03

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There was an additional increase in the cost of milk in 1979. It took the cost per gallon past $1.00 for the very first time come an typical commodity price of $1.03.

1980: $1.12

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In 1980, Ronald Reagan was elected president, the nation was headed because that a recession, and also there was a hostage situation in Iran. There also was a surplus of milk, and also yet the commodity price still rose to $1.12. Median retail price in Chicago to be $1.65 a gallon according to news reports in ~ the time.

1981: $1.83

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In the greatest jump seen in a solitary year, the expense of milk increased 71 cent from 1980 to 1981. A gallon that milk, at the commodity price, to be $1.83.

1982: $1.17

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Then, just as quickly as it jumped, the price plummeted come $1.17 every gallon in 1982.

1983: $1.17

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If you to be born in 1983, her parents may have commemorated with milk. The expense had finally stabilized and also remained in ~ $1.17 every gallon that year.

1984: $1.16

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In 1984, the economic climate recovered, Reagan to be re-elected, and also the commodity price of milk reduce a penny to $1.16 per gallon.

1985: $1.09

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Things started looking an excellent for milk drinkers in 1985. It was the first of several years of decreasing milk prices, which to be $1.09 in that year.

1986: $1.08

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Dairy farmers observed the price of milk drop another cent come $1.08 every gallon in 1986.

1987: $1.07

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In 1987, farmers were paid an typical of $1.07 for a gallon of milk.

1988: $1.05

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The price maintained dropping transparent the center to so late 1980s. By 1988, a gallon price an average of $1.05.

1989: $1.17

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However, all good things must involved an end. The expense of a gallon of milk jumped come $1.17 together we closed the end the decade.

1990: $1.18

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It to be a brand-new decade but the same old milk price – simply about. The expense of a gallon increased a cent to $1.18 in 1990.

1991: $1.05

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A weak economy in 1991 caused lower prices for producers, follow to a bureau of job Statistics analysis. The commodity price that a gallon that milk dropped come $1.05.

1992: $1.13

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In 1992, the expense of milk rebounded ago to $1.13 per gallon.

1993: $1.11

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If you were born in 1993, consider yourself special. It’s the one year absent from the milk commodity prices tracked through the National agricultural Statistical Service. However, the federal Milk stimulate price for the year to be $1.11.

1994: $1.12

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Milk prices in 1994 to be in line v the previous two years. The commodity price to be $1.12 per gallon.

1995: $1.10 commodity price, $2.52 sleeve price

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In 1995, world were just getting used to this thing called the internet, and also it also marked the first year we have data about retail milk prices. In the year, farmers acquired paid $1.10 per gallon, however your parents were likely paying $2.52 per gallon in the store.

1996: $1.27 commodity price, $2.73 sleeve price

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The dot-com balloon was building in 1996, and also so were milk prices. They average $1.27 every gallon ~ above the commodity market and also $2.73 per gallon in the supermarket.

1997: $1.15 commodity price, $2.67 sleeve price

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Then the bubble burst – the dot-com bubble, that is – and milk price dropped too. In 1997, commodity price dipped to $1.15 if the retail price was $2.67 every gallon.

1998: $1.33 commodity price, $2.86 sleeve price

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Milk prices ping-ponged right into the so late 1990s, climbing come $2.86 every gallon in ~ the grocery save in 1998. The commodity price was up to $1.33 per gallon.

1999: $1.24 commodity price, $2.88 retail price

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Then, in 1999, the commodity price dropped come $1.24 per gallon. Unfortunately, sleeve prices didn’t monitor suit and also actually enhanced slightly to $2.88 per gallon.

2000: $1.06 commodity price, $2.79 retail price

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On Jan. 1, 2000, us were every relieved the the computer systems kept working and that the end of the world was delay to another day. To celebrate, we could all have a bargain-priced glass the milk. The median commodity price the milk in 2000 dropped to $1.06 every gallon, and the average retail price to be $2.79.

2001: $1.28 commodity price, $2.90 sleeve price

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The implementation in 2001 that a new pricing system, pass in a 1996 farm bill, was reportedly one reason milk prices enhanced to $1.28 for farmers and $2.90 in stores.

2002: $1.04 commodity price, $2.68 retail price

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With 2002 came one more drop in prices, under to an mean retail price of $2.68 per gallon. The commodity price was $1.04 per gallon the year, falling come a level that dairy farmer hadn’t seen due to the fact that the so late 1970s.

2003: $1.08 commodity price, $2.95 retail price

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While the commodity price payment to farmers only boosted 4 cents in 2003 come $1.08 every gallon, shoppers to be paying 27 cents an ext and an mean of $2.95 every gallon in ~ the store.

2004: $1.38 commodity price, $3.23 sleeve price

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Average sleeve milk prices broke $3.00 per gallon because that the an initial time in 2004. Consumer were paying $3.23 in shop while farmers were gaining a mere $1.38 every gallon.

2005: $1.30 commodity price, $3.24 sleeve price

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In 2005, the commodity price that milk dropped to $1.30 every gallon, but the average retail price boosted to $3.24 per gallon.

2006: $1.11 commodity price, $3.00 retail price

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Babies born in 2006 can have to be drinking milk that expense $3.00 a gallon top top the save shelf. Meanwhile, farmers were making $1.11 per gallon the year.

2007: $1.64 commodity price, $3.87 retail price

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Thanks to a 2006 drought and also rising livestock costs, the typical commodity price because that milk in 2007 shot up to $1.64. That interpreted to a huge jump in the price because that consumers, that paid an typical retail price of $3.87 per gallon, do 2007 the optimal year for sleeve milk price in the United says (so far).

2008: $1.56 commodity price, $3.68 sleeve price

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In 2008, we were heading right into what would quickly be well-known as the an excellent Recession. Milk was still expensive, yet the price dropped to $1.56 every gallon on the commodity market and $3.68 in grocery store stores.

2009: $1.10 commodity price, $3.11 sleeve price

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By 2009, the bottom had actually fallen out of the economy, and also it did because that milk prices too. The commodity price plummeted to $1.10 when the median retail price went down to $3.11 every gallon.

2010: $1.40 commodity price, $3.32 retail price

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By 2010, the price of milk was relocating upward again. The commodity price average $1.40 a gallon while the sleeve price was $3.32.

2011: $1.73 commodity price, $3.57 retail price

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In 2011, the median retail price of milk fight $3.57 per gallon, while farmer were gaining only about fifty percent that amount at $1.73 every gallon.

2012: $1.60 commodity price, $3.58 sleeve price

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Farmers gained less in 2012 — v the commodity price falling come $1.60 every gallon – yet the retail price enhanced a penny to $3.58.

2013: $1.72 commodity price, $3.50 sleeve price

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DairyReporter.com says 2013 to be a good year because that milk together commodity prices increased to $1.72 per gallon yet the retail price dropped to $3.50.

2014: $2.06 commodity price, $3.82 sleeve price

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In 2014, the commodity price the milk fight $2.06 every gallon, the just time dairy products farmers experienced it rise above the $2.00 mark. The sleeve price averaged $3.82, just below the high prices viewed in 2007.

2015: $1.47 commodity price, $3.31 retail price

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Milk manufacturing rose in 2015, which intended prices fell. The median commodity price was $1.47 every gallon if the retail price dropped come $3.31.

2016: $1.40 commodity price, $3.28 sleeve price

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Just think: 60 years from now, babies born last year have the right to talk about how milk only expense $3.28 in the shop in the year they to be born. And also their grandkids could just think the sounds like a steal.

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