The year 1986 · in the United States and the world
What happened in 1986
The cost of living, the songs at #1, the news and the people in charge in 1986, rebuilt from public records. Born that year? Your exact day has its own story.
Gallon of gas
93¢
$4.48 today
President
Ronald Reagan
Biggest #1
“That's What Friends Are For”
Dionne & Friends Featuring Elton John, Gladys Knight And Stevie Wonder
$1 then is
$3.07
in today’s money
01 · Cost of living
How much things cost in 1986
U.S. average prices for 1986, next to the latest official figure (Sep 2026). By the Consumer Price Index, $1 in 1986 buys what $3.07 buys today.
GENERAL STORE
U.S. AVERAGE PRICES · 1986
GALLON OF GAS COSTS 4.8× WHAT IT DID
Yearly averages · wage and stamp on July 1
— = no official series for 1986 yet
Gas: drivers paid 93¢ for a gallon of regular in 1986. Filling a 15-gallon tank cost about $13.91, against roughly $67.23 now.
Groceries: one hour at the federal minimum wage ($3.35) bought about 5 pounds of white bread in 1986. Today it buys about 3.
Housing: the median new home sold for $92,025, or about 13 years of full-time work at the minimum wage. Today the median is $393,300.
Mail: a first-class stamp cost 22¢. It is 78¢ now.
Stocks: the S&P 500 now stands about 32× its average level in 1986 (price only, before dividends and inflation).
Not yet tracked in 1986: gallon of milk (official averages start in 1996). We leave these blank rather than guess.
Sources: U.S. Bureau of Labor Statistics average prices, Census Bureau and Department of Labor viaFRED; USPS rate history; S&P from Robert Shiller’s public data.
02 · On the radio
The #1 songs of 1986
31 songs reached the top of the Billboard Hot 100 in 1986. The one that stayed longest:
“That's What Friends Are For”
Dionne & Friends Featuring Elton John, Gladys Knight And Stevie Wonder · 4 weeks at #1 in 1986
Tap the cover for a 30-second preview
- Jan 4Say You, Say MeLionel Richie2 wks
- Jan 18That's What Friends Are ForDionne & Friends Featuring Elton John, Gladys Knight And Stevie Wonder4 wks
- Feb 15How Will I KnowWhitney Houston2 wks
- Mar 1KyrieMr. Mister2 wks
- Mar 15SaraStarship1 wk
- Mar 22These DreamsHeart1 wk
- Mar 29Rock Me AmadeusFalco3 wks
- Apr 19KissPrince And The Revolution2 wks
- May 3Addicted To LoveRobert Palmer1 wk
- May 10West End GirlsPet Shop Boys1 wk
- May 17Greatest Love Of AllWhitney Houston3 wks
- Jun 7Live To TellMadonna1 wk
- Jun 14On My OwnPatti LaBelle & Michael McDonald3 wks
- Jul 5There'll Be Sad Songs (To Make You Cry)Billy Ocean1 wk
- Jul 12Holding Back The YearsSimply Red1 wk
- Jul 19Invisible TouchGenesis1 wk
- Jul 26SledgehammerPeter Gabriel1 wk
- Aug 2Glory Of Love (Theme From "The Karate Kid Part II")Peter Cetera2 wks
- Aug 16Papa Don't PreachMadonna2 wks
- Aug 30Higher LoveSteve Winwood1 wk
- Sep 6VenusBananarama1 wk
- Sep 13Take My Breath Away (Love Theme From "Top Gun")Berlin1 wk
- Sep 20Stuck With YouHuey Lewis & The News3 wks
- Oct 11When I Think Of YouJanet Jackson2 wks
- Oct 25True ColorsCyndi Lauper2 wks
- Nov 8AmandaBoston2 wks
- Nov 22HumanThe Human League1 wk
- Nov 29You Give Love A Bad NameBon Jovi1 wk
- Dec 6The Next Time I FallPeter Cetera With Amy Grant1 wk
- Dec 13The Way It IsBruce Hornsby & The Range1 wk
- Dec 20Walk Like An EgyptianThe Bangles2 wks
Dates are the first chart week at #1 in 1986; weeks count only those in 1986.Find the #1 song on your birthday →
Your day, not just your year
Born in 1986? Meet your day.
The weather in your city, the moon over it and the song on the radio the day you arrived in 1986.
See your exact day →The weather, the sky and the #1 song from that exact day, in your city
03 · The news
Major events of 1986
Moments from 1986 that are still remembered, in date order.
- Jan 11The Gateway Bridge in Brisbane, Australia, opened as the largest prestressed-concrete, single-box bridge in the world.
- Jan 12Space Shuttle program: Congressman and future NASA Administrator Bill Nelson lifts off from Kennedy Space Center aboard Columbia on mission STS-61-C as a payload specialist.
- Jan 20In the United States, Martin Luther King Jr. Day is celebrated as a federal holiday for the first time.
- Jan 24The Voyager 2 space probe makes its closest approach to Uranus.
- Jan 28The Space Shuttle Challenger disintegrated 73 seconds into its tenth mission (video featured), killing all seven crew members.
- Feb 3Steve Jobs purchased Pixar from Lucasfilm and launched it as an independent computer-animation studio.
- Feb 9Halley's Comet last appeared in the inner Solar System.
- Feb 25Philippine dictator Ferdinand Marcos and his wife Imelda were ousted from power by the non-violent People Power Revolution, with Corazon Aquino succeeding as president.
- Apr 11FBI Miami Shootout: A gun battle in broad daylight in Dade County, Florida, between two bank/armored car robbers and pursuing FBI agents. During the firefight, FBI agents Jerry L. Dove and Benjamin P. Grogan are killed, while five other agents are wounded. As a result, the popular .40 S&W cartridge was developed.
- Aug 6A low-pressure system that redeveloped off the New South Wales coast dumps a record 328 millimeters (13 inches) of rain in a day on Sydney, New South Wales, Australia.
- Aug 31Aeroméxico Flight 498 collides with a Piper PA-28 Cherokee over Cerritos, California, killing 67 in the air and 15 on the ground.
- Oct 9Fox Broadcasting Company (FBC) launches as the fourth US television network.
- Nov 21National Security Council member Oliver North and his secretary start to shred documents allegedly implicating them in the Iran–Contra affair.
- Dec 31Three disgruntled employees set fire to the Dupont Plaza Hotel in San Juan, Puerto Rico, killing more than 90 people and injuring 140 others, making it the second-deadliest hotel fire in American history.
Event summaries from Wikipedia’s “On this day”, CC BY-SA 4.0. Each links to its article.
04 · Who was in charge
The president and world leaders in 1986
U.S. President
Ronald Reagan
UK Prime Minister
Margaret Thatcher
Prime Minister of Canada
Brian Mulroney
President of France
François Mitterrand
German Chancellor
Helmut Kohl
Prime Minister of Japan
Yasuhiro Nakasone
Soviet leader
Mikhail Gorbachev
Everyone who held the office at some point in 1986, from Wikidata.
05 · At the movies and on TV
Films and TV of 1986
Best Picture at the 1986 Oscars
Out of Africa
honouring films of 1985
The 1986 film that won next spring
Platoon
Best Picture at the 1987 Oscars
American films released
- The Great Mouse Detective
- Aliens
- Platoon
- Top Gun
- Blue Velvet
- Hannah and Her Sisters
New on American TV
- ALF
- The Oprah Winfrey Show
- The Real Ghostbusters
- Perfect Strangers
A selection of the best-documented titles on Wikidata, by first release year; not a box-office ranking.
06 · Born in 1986
Famous people born in 1986
Anyone born in 1986 belongs to the Millennials (1981–1996).
Marcus FreemanAmerican football coach · Jan 10
Matt RiddleAmerican mixed martial artist and wrestler · Jan 14
Jessy SchramAmerican actress and model · Jan 15
Mischa BartonEnglish-American actress · Jan 24
Sean McVayAmerican football coach · Jan 24
Lauren ConradAmerican fashion designer and author · Feb 1
Kevin GatesAmerican rapper, singer, and entrepreneur · Feb 5
Rajon RondoAmerican basketball player · Feb 22
Jerod MayoAmerican football player and coach · Feb 23
Justin BerfieldAmerican actor, writer, and producer · Feb 25
From Wikipedia’s “On this day”, CC BY-SA 4.0.
Quick answers
Quick answers about 1986
How much was gas in 1986?
A gallon of regular unleaded gas cost 93¢ on average in 1986, according to the U.S. Bureau of Labor Statistics. The latest national average is $4.48 (Sep 2026), about 4.8× as much.
What was the #1 song of 1986?
“That's What Friends Are For” by Dionne & Friends Featuring Elton John, Gladys Knight And Stevie Wonder spent the most weeks at #1 on the Billboard Hot 100 in 1986: 4 weeks. 31 different songs reached #1 that year.
Who was president in 1986?
Ronald Reagan was President of the United States for all of 1986.
How much is $1 from 1986 worth today?
Prices have risen about 3.1× since 1986, so $1 then buys what about $3.07 buys today, by the Consumer Price Index (Sep 2026). A first-class stamp cost 22¢ in 1986.
Your day, not just your year
1986 was the year. Which day was yours?
Pick your birthday and city. We’ll rebuild that day: the weather outside, the sky overhead, the song on the radio and what a dollar bought.
See your exact day →The weather, the sky and the #1 song from that exact day, in your city