Miami-Fort Lauderdale, Florida priced at $34,000 in 1985 $110,249.53 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1985-2024 ($34,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 224.26% higher in 2024 versus 1985 (a $76,249.53 difference in value).

Between 1985 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 $34,000 in the year 1985 would cost $110,249.53 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.76% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1985: Pricing changed by 2.82%, which is below the average yearly change for miami-fort lauderdale, florida during the 1985-2024 time period. Compared to inflation for all items in 1985 (3.55%), 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 $34,000.00 since 1985

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $34,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$34,000.002.82%
1986$34,495.611.46%
1987$35,705.333.51%
1988$37,288.094.43%
1989$38,806.904.07%
1990$40,826.655.20%
1991$42,265.523.52%
1992$42,963.641.65%
1993$44,445.143.45%
1994$45,841.383.14%
1995$47,536.053.70%
1996$49,049.533.18%
1997$50,642.953.25%
1998$51,303.761.30%
1999$51,892.631.15%
2000$53,608.623.31%
2001$55,273.983.11%
2002$56,068.031.44%
2003$57,690.752.89%
2004$59,238.872.68%
2005$62,020.694.70%
2006$65,100.944.97%
2007$67,752.654.07%
2008$71,009.834.81%
2009$70,726.90-0.40%
2010$71,297.630.81%
2011$73,723.063.40%
2012$75,164.541.96%
2013$76,099.191.24%
2014$77,702.762.11%
2015$78,471.600.99%
2016$79,831.891.73%
2017$81,963.422.67%
2018$84,732.773.38%
2019$86,217.261.75%
2020$87,011.920.92%
2021$90,586.554.11%
2022$99,174.329.48%
2023$107,104.728.00%
2024$110,249.532.94%*

* 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 1985 * 1985 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 106.333 in the year 1985 and 344.800 in 2024:

344.800 / 106.333 * $34,000 = $110,249.53

Therefore, according to U.S. Bureau of Labor Statistics, $34,000 in 1985 has the same "purchasing power" as $110,249.53 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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