The cost of everyday items has gone up dramatically over the years. Electricity being the exception. While the prices of commodities like food, fuel, and housing have experienced significant increases, electricity costs have not seen the same price increases. Members have come to rely on consistent and affordable electricity to power their daily lives.
So the next time you flip a switch, run your washing machine, or charge your phone, remember the value electricity holds.
| 1938 Cost of Living | 2023 Cost of Living |
|---|---|
| House $3,900 | House $436,800 |
| Average Income $1,731 | Average Income $56,940 |
| New Car $860 | New Car $48,008 |
| Average Rent $27 | Average Rent $1,900 |
| Gasoline 10¢ per gallon | Gasoline $3.50 per gallon |
| Milk 50¢ per gallon | Milk $4.32 per gallon |
| Bacon 32¢ per pound | Bacon $6.67 per pound |
| Eggs 18¢ per dozen | Eggs $4.21 per dozen |
| Estimated number of farms in NC 209,000 farms | Estimated number of farms in NC 47,300 farms |
| Average Cost of Electricity 7¢ per kWh | Average Cost of Electricity 12.75¢ per kWh |