Miami-Fort Lauderdale, Florida priced at $47,200 in 1980 $200,252.43 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1980-2024 ($47,200)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 324.26% higher in 2024 versus 1980 (a $153,052.43 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 $47,200 in the year 1980 would cost $200,252.43 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 $47,200.00 since 1980

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $47,200 beginning in 1980. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1980$47,200.0014.04%
1981$52,574.2611.39%
1982$56,410.237.30%
1983$58,230.863.23%
1984$60,411.723.75%
1985$62,115.512.82%
1986$63,020.961.46%
1987$65,231.023.51%
1988$68,122.614.43%
1989$70,897.364.07%
1990$74,587.295.20%
1991$77,216.013.52%
1992$78,491.421.65%
1993$81,198.023.45%
1994$83,748.843.14%
1995$86,844.883.70%
1996$89,609.903.18%
1997$92,520.963.25%
1998$93,728.221.30%
1999$94,804.041.15%
2000$97,939.033.31%
2001$100,981.523.11%
2002$102,432.181.44%
2003$105,396.782.89%
2004$108,225.082.68%
2005$113,307.264.70%
2006$118,934.654.97%
2007$123,779.134.07%
2008$129,729.754.81%
2009$129,212.87-0.40%
2010$130,255.550.81%
2011$134,686.633.40%
2012$137,320.111.96%
2013$139,027.661.24%
2014$141,957.262.11%
2015$143,361.870.99%
2016$145,847.031.73%
2017$149,741.172.67%
2018$154,800.573.38%
2019$157,512.621.75%
2020$158,964.400.92%
2021$165,495.004.11%
2022$181,184.239.48%
2023$195,672.488.00%
2024$200,252.432.34%*

* 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 * $47,200 = $200,252.43

Therefore, according to U.S. Bureau of Labor Statistics, $47,200 in 1980 has the same "purchasing power" as $200,252.43 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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