Cost of Living 2007, from The People History

How Much things cost in 2007

Average Cost of new house $313,600.00  
Average Income per year $50,823.00  
Cost of a gallon of Gas $3.38 
Price Of Gold Per Ounce $630.00  

Event 2007, from The People History

iPhone Announced

The Apple Computer Company announces the release of the very first iPhone during January of 2007. Apple co-founder Steve Jobs revealed the product during one of his famous keynote addresses. The touch-screen mobile phone had been in development since 2005 and reportedly cost over $150 million to create. Apple’s first iPhone was exclusively available through AT&T at first and thousands of people lined up outside of stores in anticipation of its release later that year. It was originally sold for $599.00 and within less than 3 months of its release, more than 1 million units were sold.