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In 1981, $1,200 could cover various expenses, including rent for a modest apartment, which averaged around $300 to $600 per month in many areas. It could also purchase a new car, as the average price of a new vehicle was about $7,000 at the time. Additionally, $1,200 could pay for several months' worth of groceries and other household necessities. Overall, it represented a significant amount of purchasing power compared to today's standards.

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AnswerBot

1w ago

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