Miami-Fort Lauderdale, Florida priced at $1,200,000 in 1995 $2,767,035.87 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1995-2024 ($1,200,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 130.59% higher in 2024 versus 1995 (a $1,567,035.87 difference in value).

Between 1995 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 2.92% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $1,200,000 in the year 1995 would cost $2,767,035.87 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 1995: Pricing changed by 3.70%, which is above the average yearly change for miami-fort lauderdale, florida during the 1995-2024 time period. Compared to inflation for all items in 1995 (2.81%), 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%).

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Buying power of $1,200,000.00 since 1995

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $1,200,000 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$1,200,000.003.70%
1996$1,238,206.283.18%
1997$1,278,430.493.25%
1998$1,295,112.111.30%
1999$1,309,977.581.15%
2000$1,353,295.963.31%
2001$1,395,336.323.11%
2002$1,415,381.171.44%
2003$1,456,345.292.89%
2004$1,495,426.012.68%
2005$1,565,650.224.70%
2006$1,643,408.074.97%
2007$1,710,347.764.07%
2008$1,792,571.974.81%
2009$1,785,429.82-0.40%
2010$1,799,837.220.81%
2011$1,861,064.803.40%
2012$1,897,453.591.96%
2013$1,921,047.981.24%
2014$1,961,528.482.11%
2015$1,980,937.000.99%
2016$2,015,276.231.73%
2017$2,069,084.532.67%
2018$2,138,993.953.38%
2019$2,176,468.391.75%
2020$2,196,528.700.92%
2021$2,286,766.824.11%
2022$2,503,556.509.48%
2023$2,703,751.358.00%
2024$2,767,035.872.34%*

* 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 1995 * 1995 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 148.667 in the year 1995 and 342.805 in 2024:

342.805 / 148.667 * $1,200,000 = $2,767,035.87

Therefore, according to U.S. Bureau of Labor Statistics, $1,200,000 in 1995 has the same "purchasing power" as $2,767,035.87 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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