Miami-Fort Lauderdale, Florida priced at $15,000 in 1989 $42,368.10 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

$

Prices for Miami-fort Lauderdale, Florida, 1989-2024 ($15,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 182.45% higher in 2024 versus 1989 (a $27,368.10 difference in value).

Between 1989 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.01% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $15,000 in the year 1989 would cost $42,368.10 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.65% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1989: Pricing changed by 4.07%, which is above the average yearly change for miami-fort lauderdale, florida during the 1989-2024 time period. Compared to inflation for all items in 1989 (4.83%), 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
Alcoholic beverages · Airline fares · Jewelry · Film and photographic supplies · More

Buying power of $15,000.00 since 1989

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $15,000 beginning in 1989. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1989$15,000.004.07%
1990$15,780.695.20%
1991$16,336.863.52%
1992$16,606.701.65%
1993$17,179.353.45%
1994$17,719.033.14%
1995$18,374.073.70%
1996$18,959.083.18%
1997$19,574.983.25%
1998$19,830.401.30%
1999$20,058.021.15%
2000$20,721.303.31%
2001$21,365.013.11%
2002$21,671.931.44%
2003$22,299.162.89%
2004$22,897.562.68%
2005$23,972.814.70%
2006$25,163.424.97%
2007$26,188.384.07%
2008$27,447.374.81%
2009$27,338.01-0.40%
2010$27,558.620.81%
2011$28,496.123.40%
2012$29,053.291.96%
2013$29,414.561.24%
2014$30,034.392.11%
2015$30,331.570.99%
2016$30,857.361.73%
2017$31,681.262.67%
2018$32,751.693.38%
2019$33,325.491.75%
2020$33,632.650.92%
2021$35,014.354.11%
2022$38,333.789.48%
2023$41,399.108.00%
2024$42,368.102.34%*

* 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 1989 * 1989 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 121.367 in the year 1989 and 342.805 in 2024:

342.805 / 121.367 * $15,000 = $42,368.10

Therefore, according to U.S. Bureau of Labor Statistics, $15,000 in 1989 has the same "purchasing power" as $42,368.10 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.

» Read more about inflation and investment.