Prices in 1934 are incredibly low to modern eyes. Here are some prices from the Morris County Library (Whippany, NJ) from 1934 to give you some context.

Automotive

• Ford V8, $515.00
• Plymouth, DeLuxe Sedan, $530.00
• Penn-Treat motor oil, 59¢ / 2 gallons
• Firestone Tires, $7.85 - $17.50 each

Clothing

• Men’s coat, $14.75 - $40.00 / each
• Men’s suits, Hart, Schaffner & Marx, $24.75 - $35.00 / each
• Men’s shoes, $4.50 - $7.00 / pair
• Men’s shirts, broadcloth, 97¢ - $1.49 / each
• Women’s dress, $4.00 - $9.95 / each
• Women’s dress shoes, $6.50 / pair
• Women’s coats, “dressy,” $10.98 - $39.50 / each
• Women’s handbags, 59¢ / each
• Boy’s suits, $13.45 - $20.00 each
• Girl’s dresses, 59¢ / each
• Hats, $1.49 - $2.49 each

Food

• Bacon, sliced, 10¢ / half pound
• Beans, baked, B & M, 10¢ - 17¢ / can
• Beef, boneless chick pot roast, 25¢ / lb
• Bread, white, 9¢ / lb loaf
• Cereal, Kellogg’s Corn Flakes, 8¢ / box
• Cheese, American, 21¢ / lb
• Chewing gum, Parker’s, 5¢ / 2 packages
• Chicken, frying, 24¢ / lb
• Chocolate candy, Fannie Farmer, 60¢ / lb box
• Cocoa, Hershey’s, 25¢ / 3 half pound tins
• Coffee, Chase and Sanborn, 29¢ / lb
• Crisco, 10¢ / lb can
• Duck, Long Island, 19¢ / lb
• Eggs, Wildmere, 27¢ / dozen
• Fish, Birdseye frozen cod, 27¢ / lb box
• Ham, Armour Star, 18¢ / lb
• Ice cream, 39¢ / quart
• Jell-O, 5¢ / pkg
• Ketchup, Asco, 10¢ / 10 oz bottle
• Lunch, Thodes Restaurant, Morristown, 30¢ - 50¢ / person
• Macaroni or spaghetti, 7¢ / package
• Mayonnaise, 17¢ / jar
• Milk, evaporated, 23¢ / 4 cans
• Onions, Texas, 10¢ / 3 lbs
• Oranges, Extra large Florida, 29¢ / dozen
• Peanut butter, Ann Page, 14¢ / lb jar
• Pineapples, fresh whole, 25¢ / 2
• Potatoes, new, 17¢ / 5 lbs
• Soda, Pomeroy Dry ginger ale, 25¢ / three 28 oz bottles
• Soup, Campbell’s tomato, 25¢ / 4 cans
• Strawberries, 19¢ / 2 pint boxes
• Sugar, Jack Frost confectioners, 13¢ / 2 lb package
• Tea, Nectar brand, 25¢ / half pound pkg or 30 tea bags
• Tomatoes, Good Luck brand canned, 25¢ / 3 “no. 2” cans

Household goods

• Ammonia, Ideal brand, 15¢ / 32 oz bottle
• Bedspread, hand crocheted, $12.00 - $25.00 each
• Cleanser, Old Dutch, 22¢ / 3 cans
• Clothes washer, Sears, $36.95 each
• Laundry soap, Lux flakes, 9¢ - 21¢ / pkg
• Paint, House, Benjamin Moore, $2.95 - $3.20/gallon
• Radio, Philco, $18.88 - $25.00 each
• Range, Sears, $39.95 each
• Refrigerator, Kelvinator, $114.50 each
• Sewing machine, Singer, $75.00 each
• Toilet cleanser, Sani Flush, 22¢ / 22 oz can

Real Estate

• Rent for a 10 room house in Madison, NJ with a 2 car garage $55.00 / month
• Apartment, Morristown, room with kitchen rights, $3.00 / week
• Apartment, Morris Plains, 2 rooms with utilities, $6.00 / week

Source: https://mclib.info/reference/local-history-genealogy/historic-prices/1934-2/