Miami-Fort Lauderdale, Florida priced at $20,000 in 1982 $70,998.62 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1982-2024 ($20,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 254.99% higher in 2024 versus 1982 (a $50,998.62 difference in value).

Between 1982 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.06% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $20,000 in the year 1982 would cost $70,998.62 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.82% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1982: Pricing changed by 7.30%, which is significantly above the average yearly change for miami-fort lauderdale, florida during the 1982-2024 time period. Compared to inflation for all items in 1982 (6.13%), 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
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Buying power of $20,000.00 since 1982

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $20,000 beginning in 1982. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1982$20,000.007.30%
1983$20,645.503.23%
1984$21,418.713.75%
1985$22,022.782.82%
1986$22,343.801.46%
1987$23,127.373.51%
1988$24,152.574.43%
1989$25,136.354.07%
1990$26,444.605.20%
1991$27,376.603.52%
1992$27,828.791.65%
1993$28,788.403.45%
1994$29,692.793.14%
1995$30,790.473.70%
1996$31,770.803.18%
1997$32,802.903.25%
1998$33,230.931.30%
1999$33,612.361.15%
2000$34,723.853.31%
2001$35,802.553.11%
2002$36,316.881.44%
2003$37,367.972.89%
2004$38,370.732.68%
2005$40,172.594.70%
2006$42,167.764.97%
2007$43,885.354.07%
2008$45,995.124.81%
2009$45,811.86-0.40%
2010$46,181.530.81%
2011$47,752.553.40%
2012$48,686.241.96%
2013$49,291.651.24%
2014$50,330.322.11%
2015$50,828.320.99%
2016$51,709.421.73%
2017$53,090.082.67%
2018$54,883.863.38%
2019$55,845.411.75%
2020$56,360.130.92%
2021$58,675.534.11%
2022$64,238.079.48%
2023$69,374.828.00%
2024$70,998.622.34%*

* 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 1982 * 1982 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 96.567 in the year 1982 and 342.805 in 2024:

342.805 / 96.567 * $20,000 = $70,998.62

Therefore, according to U.S. Bureau of Labor Statistics, $20,000 in 1982 has the same "purchasing power" as $70,998.62 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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