Miami-Fort Lauderdale, Florida priced at $5,000,000 in 1981 $19,044,722.22 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1981-2024 ($5,000,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 280.89% higher in 2024 versus 1981 (a $14,044,722.22 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 $5,000,000 in the year 1981 would cost $19,044,722.22 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.89% 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%).

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Buying power of $5,000,000.00 since 1981

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $5,000,000 beginning in 1981. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1981$5,000,000.0011.39%
1982$5,364,814.817.30%
1983$5,537,962.963.23%
1984$5,745,370.373.75%
1985$5,907,407.412.82%
1986$5,993,518.521.46%
1987$6,203,703.703.51%
1988$6,478,703.704.43%
1989$6,742,592.594.07%
1990$7,093,518.525.20%
1991$7,343,518.523.52%
1992$7,464,814.811.65%
1993$7,722,222.223.45%
1994$7,964,814.813.14%
1995$8,259,259.263.70%
1996$8,522,222.223.18%
1997$8,799,074.073.25%
1998$8,913,888.891.30%
1999$9,016,203.701.15%
2000$9,314,351.853.31%
2001$9,603,703.703.11%
2002$9,741,666.671.44%
2003$10,023,611.112.89%
2004$10,292,592.592.68%
2005$10,775,925.934.70%
2006$11,311,111.114.97%
2007$11,771,837.964.07%
2008$12,337,763.894.81%
2009$12,288,606.48-0.40%
2010$12,387,768.520.81%
2011$12,809,180.563.40%
2012$13,059,634.261.96%
2013$13,222,027.781.24%
2014$13,500,643.522.11%
2015$13,634,226.850.99%
2016$13,870,574.071.73%
2017$14,240,921.302.67%
2018$14,722,087.963.38%
2019$14,980,013.891.75%
2020$15,118,083.330.92%
2021$15,739,166.674.11%
2022$17,231,268.529.48%
2023$18,609,152.788.00%
2024$19,044,722.222.34%*

* 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 * $5,000,000 = $19,044,722.22

Therefore, according to U.S. Bureau of Labor Statistics, $5,000,000 in 1981 has the same "purchasing power" as $19,044,722.22 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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