Miami-Fort Lauderdale, Florida priced at $1,000,000 in 1992 $2,551,265.19 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1992-2024 ($1,000,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 155.13% higher in 2024 versus 1992 (a $1,551,265.19 difference in value).

Between 1992 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 2.97% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $1,000,000 in the year 1992 would cost $2,551,265.19 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.50% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1992: Pricing changed by 1.65%, which is below the average yearly change for miami-fort lauderdale, florida during the 1992-2024 time period. Compared to inflation for all items in 1992 (3.03%), 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 $1,000,000.00 since 1992

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $1,000,000 beginning in 1992. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1992$1,000,000.001.65%
1993$1,034,482.763.45%
1994$1,066,980.903.14%
1995$1,106,425.203.70%
1996$1,141,652.203.18%
1997$1,178,739.773.25%
1998$1,194,120.571.30%
1999$1,207,826.841.15%
2000$1,247,767.303.31%
2001$1,286,529.403.11%
2002$1,305,011.161.44%
2003$1,342,780.952.89%
2004$1,378,814.192.68%
2005$1,443,562.394.70%
2006$1,515,256.764.97%
2007$1,576,976.564.07%
2008$1,652,789.014.81%
2009$1,646,203.80-0.40%
2010$1,659,487.720.81%
2011$1,715,940.833.40%
2012$1,749,492.061.96%
2013$1,771,246.591.24%
2014$1,808,570.452.11%
2015$1,826,465.520.99%
2016$1,858,127.021.73%
2017$1,907,739.392.67%
2018$1,972,197.353.38%
2019$2,006,749.571.75%
2020$2,025,245.600.92%
2021$2,108,447.044.11%
2022$2,308,331.689.48%
2023$2,492,915.538.00%
2024$2,551,265.192.34%*

* 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 1992 * 1992 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 134.367 in the year 1992 and 342.805 in 2024:

342.805 / 134.367 * $1,000,000 = $2,551,265.19

Therefore, according to U.S. Bureau of Labor Statistics, $1,000,000 in 1992 has the same "purchasing power" as $2,551,265.19 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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