Miami-Fort Lauderdale, Florida priced at $42,926 in 1987 $131,778.34 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1987-2024 ($42,926)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 206.99% higher in 2024 versus 1987 (a $88,852.34 difference in value).

Between 1987 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.08% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $42,926 in the year 1987 would cost $131,778.34 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.74% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1987: Pricing changed by 3.51%, which is above the average yearly change for miami-fort lauderdale, florida during the 1987-2024 time period. Compared to inflation for all items in 1987 (3.66%), 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 $42,926.00 since 1987

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $42,926 beginning in 1987. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1987$42,926.003.51%
1988$44,828.844.43%
1989$46,654.804.07%
1990$49,083.005.20%
1991$50,812.853.52%
1992$51,652.151.65%
1993$53,433.263.45%
1994$55,111.863.14%
1995$57,149.243.70%
1996$58,968.793.18%
1997$60,884.443.25%
1998$61,678.901.30%
1999$62,386.851.15%
2000$64,449.873.31%
2001$66,452.013.11%
2002$67,406.631.44%
2003$69,357.522.89%
2004$71,218.722.68%
2005$74,563.104.70%
2006$78,266.274.97%
2007$81,454.234.07%
2008$85,370.114.81%
2009$85,029.97-0.40%
2010$85,716.110.81%
2011$88,632.043.40%
2012$90,365.031.96%
2013$91,488.701.24%
2014$93,416.552.11%
2015$94,340.870.99%
2016$95,976.261.73%
2017$98,538.842.67%
2018$101,868.243.38%
2019$103,652.931.75%
2020$104,608.290.92%
2021$108,905.824.11%
2022$119,230.309.48%
2023$128,764.458.00%
2024$131,778.342.34%*

* 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 1987 * 1987 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 111.667 in the year 1987 and 342.805 in 2024:

342.805 / 111.667 * $42,926 = $131,778.34

Therefore, according to U.S. Bureau of Labor Statistics, $42,926 in 1987 has the same "purchasing power" as $131,778.34 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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