Miami-Fort Lauderdale, Florida priced at $20,000 in 1983 $68,778.80 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1983-2024 ($20,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 243.89% higher in 2024 versus 1983 (a $48,778.80 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 $20,000 in the year 1983 would cost $68,778.80 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 $20,000.00 since 1983

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $20,000 beginning in 1983. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1983$20,000.003.23%
1984$20,749.043.75%
1985$21,334.232.82%
1986$21,645.211.46%
1987$22,404.283.51%
1988$23,397.434.43%
1989$24,350.444.07%
1990$25,617.795.20%
1991$26,520.653.52%
1992$26,958.701.65%
1993$27,888.313.45%
1994$28,764.423.14%
1995$29,827.793.70%
1996$30,777.463.18%
1997$31,777.293.25%
1998$32,191.941.30%
1999$32,561.441.15%
2000$33,638.193.31%
2001$34,683.163.11%
2002$35,181.411.44%
2003$36,199.632.89%
2004$37,171.042.68%
2005$38,916.574.70%
2006$40,849.364.97%
2007$42,513.244.07%
2008$44,557.054.81%
2009$44,379.52-0.40%
2010$44,737.640.81%
2011$46,259.543.40%
2012$47,164.041.96%
2013$47,750.511.24%
2014$48,756.712.11%
2015$49,239.140.99%
2016$50,092.691.73%
2017$51,430.182.67%
2018$53,167.883.38%
2019$54,099.361.75%
2020$54,597.990.92%
2021$56,841.004.11%
2022$62,229.639.48%
2023$67,205.778.00%
2024$68,778.802.34%*

* 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 * $20,000 = $68,778.80

Therefore, according to U.S. Bureau of Labor Statistics, $20,000 in 1983 has the same "purchasing power" as $68,778.80 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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