We had a similar jump going from the 486 to the Pentium. I distinctly recall a Linux kernel compile being a 45-60 minute adventure on a 486DX2-66, but only 5 minutes on a Pentium 100. (I felt like a lot of elements of PC architecture improved together around that time as well.)
Pentium was not that much faster than 486 - 486DX4-133 was faster than Pentium 90. I guess it had more memory
This also describes VLIW architectures more generally, and even more so wrt. current speculative developments like Mill, which AIUI doesn't even have a single, standardized "machine-level" assembly; what the machine runs at its lowest level is only defined by your actual chip configuration. (It is understood that GPU compute works much the same way, with the GPU driver acting as a "compiler" of sorts.)
But I think it was not great on 16-bit code or something. The boost was not as impressive for DOS and Windows (still had lots of 16-bit code at the time).
I bought my Pentium Pro + motherboard and RAM at a computer show for ~$1000. This was a fairly good purchase. Around the same time I also bought an HP CD burner for around $1000- big mistake since it was slow and the prices soon plummeted.