Miami-Fort Lauderdale, Florida priced at $30,000 in 1981 $114,268.33 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

$

Prices for Miami-fort Lauderdale, Florida, 1981-2024 ($30,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 280.89% higher in 2024 versus 1981 (a $84,268.33 difference in value).

Between 1981 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.16% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $30,000 in the year 1981 would cost $114,268.33 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.90% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1981: Pricing changed by 11.39%, which is significantly above the average yearly change for miami-fort lauderdale, florida during the 1981-2024 time period. Compared to inflation for all items in 1981 (10.33%), inflation for miami-fort lauderdale, florida was higher.

Price Inflation for Miami-Fort Lauderdale, Florida since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (14.04%), 1981 (11.39%), and 1979 (9.70%).

View price changes for other categories
Gasoline (all types) · College tuition and fees · Indoor plants and flowers · Frankfurters · More

Buying power of $30,000.00 since 1981

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $30,000 beginning in 1981. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1981$30,000.0011.39%
1982$32,188.897.30%
1983$33,227.783.23%
1984$34,472.223.75%
1985$35,444.442.82%
1986$35,961.111.46%
1987$37,222.223.51%
1988$38,872.224.43%
1989$40,455.564.07%
1990$42,561.115.20%
1991$44,061.113.52%
1992$44,788.891.65%
1993$46,333.333.45%
1994$47,788.893.14%
1995$49,555.563.70%
1996$51,133.333.18%
1997$52,794.443.25%
1998$53,483.331.30%
1999$54,097.221.15%
2000$55,886.113.31%
2001$57,622.223.11%
2002$58,450.001.44%
2003$60,141.672.89%
2004$61,755.562.68%
2005$64,655.564.70%
2006$67,866.674.97%
2007$70,631.034.07%
2008$74,026.584.81%
2009$73,731.64-0.40%
2010$74,326.610.81%
2011$76,855.083.40%
2012$78,357.811.96%
2013$79,332.171.24%
2014$81,003.862.11%
2015$81,805.360.99%
2016$83,223.441.73%
2017$85,445.532.67%
2018$88,332.533.38%
2019$89,880.081.75%
2020$90,708.500.92%
2021$94,435.004.11%
2022$103,387.619.48%
2023$111,654.928.00%
2024$114,268.332.34%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.


Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Miami-Fort Lauderdale, Florida:

Year197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI62.00064.58370.85080.80090.00096.56799.683103.417106.333107.883111.667116.617121.367127.683132.183134.367139.000143.367148.667153.400158.383160.450162.292167.658172.867175.350180.425185.267193.967203.600211.893222.080221.195222.980230.565235.073237.996243.012245.416249.670256.337264.998269.640272.125283.305310.163334.965342.805

Adjust miami-fort lauderdale, florida prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1981 * 1981 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 90.000 in the year 1981 and 342.805 in 2024:

342.805 / 90.000 * $30,000 = $114,268.33

Therefore, according to U.S. Bureau of Labor Statistics, $30,000 in 1981 has the same "purchasing power" as $114,268.33 in 2024 (in the CPI category of Miami-Fort Lauderdale, Florida).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Miami-Fort Lauderdale, Florida in 1977. In addition to miami-fort lauderdale, florida, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation and investment.