Miami-Fort Lauderdale, Florida priced at $32,024 in 1998 $70,973.05 in 2025

Miami-fort Lauderdale, Florida Inflation Calculator

$

Prices for Miami-fort Lauderdale, Florida, 1998-2025 ($32,024)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 121.62% higher in 2025 versus 1998 (a $38,949.05 difference in value).

Between 1998 and 2025: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 2.99% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $32,024 in the year 1998 would cost $70,973.05 in 2025 for an equivalent purchase. Compared to the overall inflation rate of 2.54% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1998: Pricing changed by 1.30%, which is below the average yearly change for miami-fort lauderdale, florida during the 1998-2025 time period. Compared to inflation for all items in 1998 (1.55%), 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
Dental services · Milk · Wine at home · Detroit, Michigan · More

Buying power of $32,024.00 since 1998

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $32,024 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1998$32,024.001.30%
1999$32,391.581.15%
2000$33,462.703.31%
2001$34,502.233.11%
2002$34,997.871.44%
2003$36,010.782.89%
2004$36,977.132.68%
2005$38,713.554.70%
2006$40,636.254.97%
2007$42,291.464.07%
2008$44,324.604.81%
2009$44,148.00-0.40%
2010$44,504.250.81%
2011$46,018.213.40%
2012$46,917.991.96%
2013$47,501.401.24%
2014$48,502.362.11%
2015$48,982.270.99%
2016$49,831.371.73%
2017$51,161.872.67%
2018$52,890.513.38%
2019$53,817.141.75%
2020$54,313.160.92%
2021$56,544.464.11%
2022$61,904.989.48%
2023$66,855.168.00%
2024$69,333.163.71%
2025$70,973.052.37%*

* 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:

Year1977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025
CPI62.00064.58370.85080.80090.00096.56799.683103.417106.333107.883111.667116.617121.367127.683132.183134.367139.000143.367148.667153.400158.383160.450162.292167.658172.867175.350180.425185.267193.967203.600211.893222.080221.195222.980230.565235.073237.996243.012245.416249.670256.337264.998269.640272.125283.305310.163334.965347.380355.597

Adjust miami-fort lauderdale, florida prices for inflation

Start with the inflation rate formula:

CPI in 2025 / CPI in 1998 * 1998 USD value = 2025 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 160.450 in the year 1998 and 355.597 in 2025:

355.597 / 160.450 * $32,024 = $70,973.05

Therefore, according to U.S. Bureau of Labor Statistics, $32,024 in 1998 has the same "purchasing power" as $70,973.05 in 2025 (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.