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

ITEM1986TODAYGallon of gasregular unleaded93¢$4.48Loaf of white breadper lb56¢$1.83Gallon of milkwhole—$4.11Dozen eggsgrade A large87¢$2.27Pound of coffeeground roast$3.43$9.33Postage stampfirst-class letter22¢78¢Median new homeUS sale price$92,025$393,300Minimum wagefederal, per hour$3.35$7.25

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

  1. Jan 4Say You, Say MeLionel Richie2 wks
  2. Jan 18That's What Friends Are ForDionne & Friends Featuring Elton John, Gladys Knight And Stevie Wonder4 wks
  3. Feb 15How Will I KnowWhitney Houston2 wks
  4. Mar 1KyrieMr. Mister2 wks
  5. Mar 15SaraStarship1 wk
  6. Mar 22These DreamsHeart1 wk
  7. Mar 29Rock Me AmadeusFalco3 wks
  8. Apr 19KissPrince And The Revolution2 wks
  9. May 3Addicted To LoveRobert Palmer1 wk
  10. May 10West End GirlsPet Shop Boys1 wk
  11. May 17Greatest Love Of AllWhitney Houston3 wks
  12. Jun 7Live To TellMadonna1 wk
  13. Jun 14On My OwnPatti LaBelle & Michael McDonald3 wks
  14. Jul 5There'll Be Sad Songs (To Make You Cry)Billy Ocean1 wk
  15. Jul 12Holding Back The YearsSimply Red1 wk
  16. Jul 19Invisible TouchGenesis1 wk
  17. Jul 26SledgehammerPeter Gabriel1 wk
  18. Aug 2Glory Of Love (Theme From "The Karate Kid Part II")Peter Cetera2 wks
  19. Aug 16Papa Don't PreachMadonna2 wks
  20. Aug 30Higher LoveSteve Winwood1 wk
  21. Sep 6VenusBananarama1 wk
  22. Sep 13Take My Breath Away (Love Theme From "Top Gun")Berlin1 wk
  23. Sep 20Stuck With YouHuey Lewis & The News3 wks
  24. Oct 11When I Think Of YouJanet Jackson2 wks
  25. Oct 25True ColorsCyndi Lauper2 wks
  26. Nov 8AmandaBoston2 wks
  27. Nov 22HumanThe Human League1 wk
  28. Nov 29You Give Love A Bad NameBon Jovi1 wk
  29. Dec 6The Next Time I FallPeter Cetera With Amy Grant1 wk
  30. Dec 13The Way It IsBruce Hornsby & The Range1 wk
  31. 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.

  1. Jan 11The Gateway Bridge in Brisbane, Australia, opened as the largest prestressed-concrete, single-box bridge in the world.
  2. 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.
  3. Jan 20In the United States, Martin Luther King Jr. Day is celebrated as a federal holiday for the first time.
  4. Jan 24The Voyager 2 space probe makes its closest approach to Uranus.
  5. Jan 28The Space Shuttle Challenger disintegrated 73 seconds into its tenth mission (video featured), killing all seven crew members.
  6. Feb 3Steve Jobs purchased Pixar from Lucasfilm and launched it as an independent computer-animation studio.
  7. Feb 9Halley's Comet last appeared in the inner Solar System.
  8. 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.
  9. 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.
  10. 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.
  11. Aug 31Aeroméxico Flight 498 collides with a Piper PA-28 Cherokee over Cerritos, California, killing 67 in the air and 15 on the ground.
  12. Oct 9Fox Broadcasting Company (FBC) launches as the fourth US television network.
  13. Nov 21National Security Council member Oliver North and his secretary start to shred documents allegedly implicating them in the Iran–Contra affair.
  14. 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).

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