How much did things cost in 1976?

In 1976, the cost of living was significantly lower than today. For example, a loaf of bread averaged around $0.25, a gallon of milk was approximately $0.90, and a new car cost about $4,000. Gas prices were around $0.59 per gallon, and the average annual income was about $13,000. Overall, prices reflected a very different economic landscape compared to current times.