Miami-Fort Lauderdale, Florida priced at $20,000,000 in 2004 $37,006,657.07 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

$

Prices for Miami-fort Lauderdale, Florida, 2004-2024 ($20,000,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 85.03% higher in 2024 versus 2004 (a $17,006,657.07 difference in value).

Between 2004 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.12% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $20,000,000 in the year 2004 would cost $37,006,657.07 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 2004: Pricing changed by 2.68%, which is below the average yearly change for miami-fort lauderdale, florida during the 2004-2024 time period. Compared to inflation for all items in 2004 (2.68%), inflation for miami-fort lauderdale, florida was higher.

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
Educational books and supplies · Televisions · Dallas-Fort Worth, Texas · Houston, Texas · More

Buying power of $20,000,000.00 since 2004

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $20,000,000 beginning in 2004. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2004$20,000,000.002.68%
2005$20,939,186.764.70%
2006$21,979,129.184.97%
2007$22,874,388.274.07%
2008$23,974,064.414.81%
2009$23,878,544.44-0.40%
2010$24,071,230.660.81%
2011$24,890,095.363.40%
2012$25,376,763.221.96%
2013$25,692,317.381.24%
2014$26,233,708.172.11%
2015$26,493,279.960.99%
2016$26,952,536.881.73%
2017$27,672,175.242.67%
2018$28,607,151.853.38%
2019$29,108,339.331.75%
2020$29,376,628.280.92%
2021$30,583,483.274.11%
2022$33,482,853.549.48%
2023$36,160,282.488.00%
2024$37,006,657.072.34%*

* 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 2004 * 2004 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 185.267 in the year 2004 and 342.805 in 2024:

342.805 / 185.267 * $20,000,000 = $37,006,657.07

Therefore, according to U.S. Bureau of Labor Statistics, $20,000,000 in 2004 has the same "purchasing power" as $37,006,657.07 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.