Back in the 50's and early 60's, a gunshop owner told me that the average hunter/shooter would spend about as much as a week's pay for a gun. At the time, the average wage here Maine was about $75 per week, except millworkers earned about $100. A guy could buy most .22s, a Win. 94, or Marlin 336 for about a weeks pay.
When I was still in school and earning about $25 per week working for the family business, I saved up and bought one of the first Savage 110 rifles for about $115, as I recall.
Workmanship on the 110's metal was good, but the stock was poor. Checkering was rough and each side of the stock were different colors. Two of my hunting buddies had Winchester 70s, which cost about $150, but they were like works of art to me back then.
I also bought a couple of new Ruger Standard Auto pistols for $30 each; one for me and one for my B-I-L, (who didn't believe I could do it for less than the Retail price of $37.50).
A Weaver 2.5X scope was about $35, I think, and it served me pretty well for several years.