Miami-Fort Lauderdale, Florida priced at $500 in 2009 $774.89 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 2009-2024 ($500)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 54.98% higher in 2024 versus 2009 (a $274.89 difference in value).

Between 2009 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 2.96% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $500 in the year 2009 would cost $774.89 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.47% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 2009: Pricing changed by -0.40%, which is significantly below the average yearly change for miami-fort lauderdale, florida during the 2009-2024 time period. Compared to inflation for all items in 2009 (-0.36%), 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 $500.00 since 2009

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $500 beginning in 2009. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2009$500.00-0.40%
2010$504.030.81%
2011$521.183.40%
2012$531.371.96%
2013$537.981.24%
2014$549.322.11%
2015$554.750.99%
2016$564.371.73%
2017$579.442.67%
2018$599.013.38%
2019$609.511.75%
2020$615.130.92%
2021$640.404.11%
2022$701.119.48%
2023$757.178.00%
2024$774.892.34%*

* 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 2009 * 2009 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 221.195 in the year 2009 and 342.805 in 2024:

342.805 / 221.195 * $500 = $774.89

Therefore, according to U.S. Bureau of Labor Statistics, $500 in 2009 has the same "purchasing power" as $774.89 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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