Miami-Fort Lauderdale, Florida priced at $20,000 in 2002 $39,099.52 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 2002-2024 ($20,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 95.50% higher in 2024 versus 2002 (a $19,099.52 difference in value).

Between 2002 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.09% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $20,000 in the year 2002 would cost $39,099.52 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 2002: Pricing changed by 1.44%, which is below the average yearly change for miami-fort lauderdale, florida during the 2002-2024 time period. Compared to inflation for all items in 2002 (1.59%), 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 $20,000.00 since 2002

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $20,000 beginning in 2002. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2002$20,000.001.44%
2003$20,578.842.89%
2004$21,131.072.68%
2005$22,123.374.70%
2006$23,222.134.97%
2007$24,168.024.07%
2008$25,329.884.81%
2009$25,228.96-0.40%
2010$25,432.540.81%
2011$26,297.723.40%
2012$26,811.911.96%
2013$27,145.311.24%
2014$27,717.322.11%
2015$27,991.570.99%
2016$28,476.801.73%
2017$29,237.142.67%
2018$30,224.993.38%
2019$30,754.521.75%
2020$31,037.980.92%
2021$32,313.094.11%
2022$35,376.439.48%
2023$38,205.288.00%
2024$39,099.522.34%*

* 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 2002 * 2002 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 175.350 in the year 2002 and 342.805 in 2024:

342.805 / 175.350 * $20,000 = $39,099.52

Therefore, according to U.S. Bureau of Labor Statistics, $20,000 in 2002 has the same "purchasing power" as $39,099.52 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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