I think 1700 is not the best year to use, depending on the place. Rural people in 1700 England were quite different from most peasants who have ever lived – they were in a relatively advanced monetary economy, literacy rates were high, secular books were affordable (much less so than today of course), the price of linen cloth had perhaps halved in the last 200 years. Feudalism was going away, agricultural productivity was rising.

Life of a medieval peasant was quite different. Productivity was basically static, literacy was low, the economy would have been local and mostly based on barter or paying with labour. You would likely be growing your own linen to spin and weave and make into clothes for your own family. I think there was a little more specialisation and a little less subsistence agriculture by 1700.