The model T owed a great deal of its success to its low cost. Henry Ford stated that

I will build a car for the great multitude. It will be large enough for the family, but small enough for the individual to run and care for. It will be constructed of the best materials, by the best men to be hired, after the simplest designs that modern engineering can devise. But it will be so low in price that no man making a good salary will be unable to own one and enjoy with his family the blessing of hours of pleasure in God's great open spaces. (Wikipedia; italics added for emphasis)

Use the information that you can find at: https://en.wikipedia.org/wiki/Ford_Model_T and information available on average pay to determine whether Ford got it right