Miami-Fort Lauderdale, Florida priced at $3,000 in 1980 $12,727.91 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1980-2024 ($3,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 324.26% higher in 2024 versus 1980 (a $9,727.91 difference in value).

Between 1980 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.34% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $3,000 in the year 1980 would cost $12,727.91 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.05% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1980: Pricing changed by 14.04%, which is significantly above the average yearly change for miami-fort lauderdale, florida during the 1980-2024 time period. Compared to inflation for all items in 1980 (13.55%), 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%).

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Buying power of $3,000.00 since 1980

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $3,000 beginning in 1980. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1980$3,000.0014.04%
1981$3,341.5811.39%
1982$3,585.407.30%
1983$3,701.113.23%
1984$3,839.733.75%
1985$3,948.022.82%
1986$4,005.571.46%
1987$4,146.043.51%
1988$4,329.834.43%
1989$4,506.194.07%
1990$4,740.725.20%
1991$4,907.803.52%
1992$4,988.861.65%
1993$5,160.893.45%
1994$5,323.023.14%
1995$5,519.803.70%
1996$5,695.543.18%
1997$5,880.573.25%
1998$5,957.301.30%
1999$6,025.681.15%
2000$6,224.943.31%
2001$6,418.323.11%
2002$6,510.521.44%
2003$6,698.952.89%
2004$6,878.712.68%
2005$7,201.734.70%
2006$7,559.414.97%
2007$7,867.324.07%
2008$8,245.544.81%
2009$8,212.68-0.40%
2010$8,278.950.81%
2011$8,560.593.40%
2012$8,727.971.96%
2013$8,836.501.24%
2014$9,022.712.11%
2015$9,111.980.99%
2016$9,269.941.73%
2017$9,517.452.67%
2018$9,839.023.38%
2019$10,011.401.75%
2020$10,103.670.92%
2021$10,518.754.11%
2022$11,515.959.48%
2023$12,436.818.00%
2024$12,727.912.34%*

* 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 1980 * 1980 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 80.800 in the year 1980 and 342.805 in 2024:

342.805 / 80.800 * $3,000 = $12,727.91

Therefore, according to U.S. Bureau of Labor Statistics, $3,000 in 1980 has the same "purchasing power" as $12,727.91 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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