Miami-Fort Lauderdale, Florida priced at $12,000 in 1979 $58,061.54 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1979-2024 ($12,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 383.85% higher in 2024 versus 1979 (a $46,061.54 difference in value).

Between 1979 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.57% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $12,000 in the year 1979 would cost $58,061.54 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.27% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1979: Pricing changed by 9.70%, which is significantly above the average yearly change for miami-fort lauderdale, florida during the 1979-2024 time period. Compared to inflation for all items in 1979 (11.26%), inflation for miami-fort lauderdale, florida was lower.

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
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Buying power of $12,000.00 since 1979

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $12,000 beginning in 1979. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1979$12,000.009.70%
1980$13,685.2514.04%
1981$15,243.4711.39%
1982$16,355.687.30%
1983$16,883.563.23%
1984$17,515.883.75%
1985$18,009.882.82%
1986$18,272.411.46%
1987$18,913.203.51%
1988$19,751.594.43%
1989$20,556.104.07%
1990$21,625.975.20%
1991$22,388.143.52%
1992$22,757.941.65%
1993$23,542.703.45%
1994$24,282.293.14%
1995$25,179.963.70%
1996$25,981.653.18%
1997$26,825.693.25%
1998$27,175.721.30%
1999$27,487.651.15%
2000$28,396.613.31%
2001$29,278.763.11%
2002$29,699.361.44%
2003$30,558.932.89%
2004$31,378.972.68%
2005$32,852.514.70%
2006$34,484.124.97%
2007$35,888.744.07%
2008$37,614.074.81%
2009$37,464.21-0.40%
2010$37,766.520.81%
2011$39,051.283.40%
2012$39,814.831.96%
2013$40,309.921.24%
2014$41,159.342.11%
2015$41,566.590.99%
2016$42,287.141.73%
2017$43,416.222.67%
2018$44,883.153.38%
2019$45,669.481.75%
2020$46,090.420.92%
2021$47,983.914.11%
2022$52,532.879.48%
2023$56,733.628.00%
2024$58,061.542.34%*

* 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 1979 * 1979 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 70.850 in the year 1979 and 342.805 in 2024:

342.805 / 70.850 * $12,000 = $58,061.54

Therefore, according to U.S. Bureau of Labor Statistics, $12,000 in 1979 has the same "purchasing power" as $58,061.54 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.

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