Miami-Fort Lauderdale, Florida priced at $6,500 in 1989 $18,359.51 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1989-2024 ($6,500)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 182.45% higher in 2024 versus 1989 (a $11,859.51 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 $6,500 in the year 1989 would cost $18,359.51 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%).

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Buying power of $6,500.00 since 1989

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $6,500 beginning in 1989. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1989$6,500.004.07%
1990$6,838.305.20%
1991$7,079.313.52%
1992$7,196.241.65%
1993$7,444.383.45%
1994$7,678.253.14%
1995$7,962.103.70%
1996$8,215.603.18%
1997$8,482.493.25%
1998$8,593.171.30%
1999$8,691.811.15%
2000$8,979.233.31%
2001$9,258.173.11%
2002$9,391.171.44%
2003$9,662.972.89%
2004$9,922.272.68%
2005$10,388.224.70%
2006$10,904.154.97%
2007$11,348.304.07%
2008$11,893.864.81%
2009$11,846.47-0.40%
2010$11,942.070.81%
2011$12,348.323.40%
2012$12,589.761.96%
2013$12,746.311.24%
2014$13,014.902.11%
2015$13,143.680.99%
2016$13,371.521.73%
2017$13,728.552.67%
2018$14,192.403.38%
2019$14,441.051.75%
2020$14,574.150.92%
2021$15,172.894.11%
2022$16,611.309.48%
2023$17,939.618.00%
2024$18,359.512.34%*

* 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 * $6,500 = $18,359.51

Therefore, according to U.S. Bureau of Labor Statistics, $6,500 in 1989 has the same "purchasing power" as $18,359.51 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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