Question about income in 1916 compared to 2017.

[Roger Nelson]

The 1916 census asked about the amount of income a person received.  An ancestor's income was reported as 2500 Kr. 
Does anyone know how that compares to Kr. today and was 2500 Kr. a large income in 1916?

Best wishes, Rog

[Helle Jespersen]

Maybe this page could help you.

I think it might not be that correct, because the value also depends of the purchasing power of the money.

http://www.oldmoney.dk/?belob=2500&index=Index1&fra_aar=1916&til_aar=2017&submit=OMREGN

[Helle Jespersen]

I think this picture also discribes the value of the money back then.

The picture says:

             Kroners               Share of hourly wages as a percentage         
   1 liter Milk   1 Newspaper   1 liter milk      1 Newspaper   
1907      0,16       0,05                 41             13   
1957      0,68       0,4                 15                   9   
2006      6,91     16,5                  4               9   


[vedhæfting slettet af admin]

[Britta Hansen]

Roger,
In this document - in Danish - made on the background of the 1916 census, you can read about "Average income and assets listed by occupation" - page 30* table X:
http://www.dst.dk/Site/Dst/Udgivelser/GetPubFile.aspx?id=19602&sid=erhvindt1916

[Roger Nelson]

Thank you for your help!
Best wishes, Rog