Having been there, lived it...1970 onward
The general line up was -
Musicmaster and Duosonic as the low end student, entry level instruments.
Mustang was the mid level low end guitar
Jaguar was the higher level, but still considered lower end guitar
Telecaster was the basic high end (full scale) guitar
Strat
Jazzmaster
The price difference between a Strat and Jazzmaster was piddly - something on the order of $15 list price in about 1970.
Keep in mind that there were other models. There was the Coronado. There was the Bass VI. There was the Telecaster Thinline. There was the Electric XII, and as I recall, there was another semi hollow besides the Coronado.
There is a well known "collectors" website that claims the Jaguar was "top of the line" for Fender, and this is not so. The Jazzmaster was. However, the Jaguar was well appointed in some years, and its price was not much different from either the Strat or Jazzmaster. Consider that all the Fenders "better" guitars were very close in price. That is -
My 72 Tele was $310 LIST while the Thinline was about $360 and the Strat about $375 LIST. Yes in those days - Teles and Strats were priced differently (not today though).
The normal going rate and ANY music store was 40 percent off list as the street price. This is the day where dealers got list minus 50 and 5 or minus 50 and 5 and 3 as the dealer discount on the whole line...and before the days of EXPENSIVE catalogs that reduced the discounts. Anyway, you could walk out the door with a spankin new Tele for $186, plus about $35 for the case. Cases were not part of the list price back then. Funny today they are, but Guitar Center "takes em out".