A Megabyte Of Memory Costs 10,000 Times Less Than It Did In 1989

In 1989, I bought a computer and an external hardrive that had 40 megabytes of memory.The drive cost $700 (and that was with the student discount at the Washington State University computer store). The consumer price index has gone up about 75% since then. So raising 700 by 75% gives us about 1226. So if we bought that 40 megabyte hardrive today, it would be $1,226. That works out to $30.67 per megabyte.

My wife recently bought me an 8 gigabyte flash drive for $25. A gigabyte is 1,024 megabytes. So the flash drive has 8,192 megabyters. At $25, that works out to $0.003. That is less than one cent per megabyte. Since $30.67/.003 = 10,051, it means that a megabyte now costs 10,000 times less than it did in 1989.

Of course I am no computer expert, so maybe there are even better deals out there for memory. If anyone has purchased memory for less than 1 cent per megabyte, let me know.