Miami-Fort Lauderdale, Florida priced at $14,800 in 1984 $49,344.46 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1984-2024 ($14,800)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 233.41% higher in 2024 versus 1984 (a $34,544.46 difference in value).

Between 1984 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 $14,800 in the year 1984 would cost $49,344.46 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.78% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1984: Pricing changed by 3.75%, which is above the average yearly change for miami-fort lauderdale, florida during the 1984-2024 time period. Compared to inflation for all items in 1984 (4.30%), inflation for miami-fort lauderdale, florida was lower.

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 $14,800.00 since 1984

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $14,800 beginning in 1984. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1984$14,800.003.75%
1985$15,217.412.82%
1986$15,439.231.46%
1987$15,980.663.51%
1988$16,689.064.43%
1989$17,368.834.07%
1990$18,272.815.20%
1991$18,916.813.52%
1992$19,229.271.65%
1993$19,892.343.45%
1994$20,517.263.14%
1995$21,275.753.70%
1996$21,953.133.18%
1997$22,666.303.25%
1998$22,962.061.30%
1999$23,225.621.15%
2000$23,993.653.31%
2001$24,739.023.11%
2002$25,094.411.44%
2003$25,820.692.89%
2004$26,513.592.68%
2005$27,758.654.70%
2006$29,137.284.97%
2007$30,324.104.07%
2008$31,781.924.81%
2009$31,655.29-0.40%
2010$31,910.730.81%
2011$32,996.283.40%
2012$33,641.451.96%
2013$34,059.771.24%
2014$34,777.482.11%
2015$35,121.590.99%
2016$35,730.421.73%
2017$36,684.432.67%
2018$37,923.913.38%
2019$38,588.321.75%
2020$38,943.990.92%
2021$40,543.894.11%
2022$44,387.539.48%
2023$47,936.948.00%
2024$49,344.462.94%*

* 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
CPI62.00064.58370.85080.80090.00096.56799.683103.417106.333107.883111.667116.617121.367127.683132.183134.367139.000143.367148.667153.400158.383160.450162.292167.658172.867175.350180.425185.267193.967203.600211.893222.080221.195222.980230.565235.073237.996243.012245.416249.670256.337264.998269.640272.125283.305310.163334.965344.800

Adjust miami-fort lauderdale, florida prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1984 * 1984 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 103.417 in the year 1984 and 344.800 in 2024:

344.800 / 103.417 * $14,800 = $49,344.46

Therefore, according to U.S. Bureau of Labor Statistics, $14,800 in 1984 has the same "purchasing power" as $49,344.46 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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