Interesting image from 1926 showing the value of Clara Bow’s outfit. Her high end outfit cost $346.50 in 1926, that would be the equivalent of about $4,500 – $5,000 in today’s dollars. That sounds like a lot of money, but this is not a fast fashion outfit – the garment is made of silk, her purse is made of lizard skin, and she is wearing a string of pearls. It’s hard to find a lizard skin bag today priced at less than $2,000.00, and a string of pearls ranges from $500 to $1000.00. Like today, you can also buy inexpensive clothes — cotton and rayon dresses are advertised in the $8.00 – $12.00 range in the late 1920s. As well, how money was spent differed in 1926. The average 3 bedroom suburban house in 1926 cost about $5,000, the equivalent of about $55,000 today. You might be able to find a house at that price in an economically depressed city like Detroit, but $550,000.00 is closer to being more accurate for most cities today.