Miami-Fort Lauderdale, Florida priced at $15,000 in 1983 $51,584.10 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1983-2024 ($15,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 243.89% higher in 2024 versus 1983 (a $36,584.10 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 $15,000 in the year 1983 would cost $51,584.10 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.81% 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 $15,000.00 since 1983

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $15,000 beginning in 1983. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1983$15,000.003.23%
1984$15,561.783.75%
1985$16,000.672.82%
1986$16,233.911.46%
1987$16,803.213.51%
1988$17,548.074.43%
1989$18,262.834.07%
1990$19,213.345.20%
1991$19,890.493.52%
1992$20,219.031.65%
1993$20,916.233.45%
1994$21,573.323.14%
1995$22,370.843.70%
1996$23,083.103.18%
1997$23,832.973.25%
1998$24,143.961.30%
1999$24,421.081.15%
2000$25,228.643.31%
2001$26,012.373.11%
2002$26,386.061.44%
2003$27,149.722.89%
2004$27,878.282.68%
2005$29,187.434.70%
2006$30,637.024.97%
2007$31,884.934.07%
2008$33,417.794.81%
2009$33,284.64-0.40%
2010$33,553.230.81%
2011$34,694.653.40%
2012$35,373.031.96%
2013$35,812.881.24%
2014$36,567.532.11%
2015$36,929.360.99%
2016$37,569.521.73%
2017$38,572.632.67%
2018$39,875.913.38%
2019$40,574.521.75%
2020$40,948.500.92%
2021$42,630.754.11%
2022$46,672.229.48%
2023$50,404.338.00%
2024$51,584.102.34%*

* 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 * $15,000 = $51,584.10

Therefore, according to U.S. Bureau of Labor Statistics, $15,000 in 1983 has the same "purchasing power" as $51,584.10 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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