Miami-Fort Lauderdale, Florida priced at $1,000 in 1983 $3,438.94 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1983-2024 ($1,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 243.89% higher in 2024 versus 1983 (a $2,438.94 difference in value).

Between 1983 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 $1,000 in the year 1983 would cost $3,438.94 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.80% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1983: Pricing changed by 3.23%, which is above the average yearly change for miami-fort lauderdale, florida during the 1983-2024 time period. Compared to inflation for all items in 1983 (3.21%), 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 $1,000.00 since 1983

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $1,000 beginning in 1983. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1983$1,000.003.23%
1984$1,037.453.75%
1985$1,066.712.82%
1986$1,082.261.46%
1987$1,120.213.51%
1988$1,169.874.43%
1989$1,217.524.07%
1990$1,280.895.20%
1991$1,326.033.52%
1992$1,347.941.65%
1993$1,394.423.45%
1994$1,438.223.14%
1995$1,491.393.70%
1996$1,538.873.18%
1997$1,588.863.25%
1998$1,609.601.30%
1999$1,628.071.15%
2000$1,681.913.31%
2001$1,734.163.11%
2002$1,759.071.44%
2003$1,809.982.89%
2004$1,858.552.68%
2005$1,945.834.70%
2006$2,042.474.97%
2007$2,125.664.07%
2008$2,227.854.81%
2009$2,218.98-0.40%
2010$2,236.880.81%
2011$2,312.983.40%
2012$2,358.201.96%
2013$2,387.531.24%
2014$2,437.842.11%
2015$2,461.960.99%
2016$2,504.631.73%
2017$2,571.512.67%
2018$2,658.393.38%
2019$2,704.971.75%
2020$2,729.900.92%
2021$2,842.054.11%
2022$3,111.489.48%
2023$3,360.298.00%
2024$3,438.942.34%*

* 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 1983 * 1983 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 99.683 in the year 1983 and 342.805 in 2024:

342.805 / 99.683 * $1,000 = $3,438.94

Therefore, according to U.S. Bureau of Labor Statistics, $1,000 in 1983 has the same "purchasing power" as $3,438.94 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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