Miami-Fort Lauderdale, Florida priced at $1,400,000 in 1980 $5,939,690.59 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1980-2024 ($1,400,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 324.26% higher in 2024 versus 1980 (a $4,539,690.59 difference in value).

Between 1980 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.34% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $1,400,000 in the year 1980 would cost $5,939,690.59 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.05% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1980: Pricing changed by 14.04%, which is significantly above the average yearly change for miami-fort lauderdale, florida during the 1980-2024 time period. Compared to inflation for all items in 1980 (13.55%), 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
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Buying power of $1,400,000.00 since 1980

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $1,400,000 beginning in 1980. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1980$1,400,000.0014.04%
1981$1,559,405.9411.39%
1982$1,673,184.827.30%
1983$1,727,186.473.23%
1984$1,791,872.943.75%
1985$1,842,409.242.82%
1986$1,869,265.681.46%
1987$1,934,818.483.51%
1988$2,020,585.814.43%
1989$2,102,887.794.07%
1990$2,212,334.985.20%
1991$2,290,305.283.52%
1992$2,328,135.311.65%
1993$2,408,415.843.45%
1994$2,484,075.913.14%
1995$2,575,907.593.70%
1996$2,657,920.793.18%
1997$2,744,265.683.25%
1998$2,780,074.261.30%
1999$2,811,984.321.15%
2000$2,904,971.123.31%
2001$2,995,214.523.11%
2002$3,038,242.571.44%
2003$3,126,175.742.89%
2004$3,210,066.012.68%
2005$3,360,808.584.70%
2006$3,527,722.774.97%
2007$3,671,414.814.07%
2008$3,847,916.464.81%
2009$3,832,585.19-0.40%
2010$3,863,511.960.81%
2011$3,994,942.453.40%
2012$4,073,054.251.96%
2013$4,123,701.731.24%
2014$4,210,596.742.11%
2015$4,252,258.870.99%
2016$4,325,971.121.73%
2017$4,441,475.452.67%
2018$4,591,542.293.38%
2019$4,671,984.531.75%
2020$4,715,045.790.92%
2021$4,908,750.004.11%
2022$5,374,108.509.48%
2023$5,803,844.688.00%
2024$5,939,690.592.34%*

* 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 1980 * 1980 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 80.800 in the year 1980 and 342.805 in 2024:

342.805 / 80.800 * $1,400,000 = $5,939,690.59

Therefore, according to U.S. Bureau of Labor Statistics, $1,400,000 in 1980 has the same "purchasing power" as $5,939,690.59 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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