Miami-Fort Lauderdale, Florida priced at $20,000 in 1995 $41,007.51 in 2022

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1995-2022 ($20,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 105.04% higher in 2022 versus 1995 (a $21,007.51 difference in value).

Between 1995 and 2022: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 2.70% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $20,000 in the year 1995 would cost $41,007.51 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.41% 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 1995-2022 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 $20,000.00 since 1995

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $20,000 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$20,000.003.70%
1996$20,636.773.18%
1997$21,307.173.25%
1998$21,585.201.30%
1999$21,832.961.15%
2000$22,554.933.31%
2001$23,255.613.11%
2002$23,589.691.44%
2003$24,272.422.89%
2004$24,923.772.68%
2005$26,094.174.70%
2006$27,390.134.97%
2007$28,505.804.07%
2008$29,876.204.81%
2009$29,757.16-0.40%
2010$29,997.290.81%
2011$31,017.753.40%
2012$31,624.231.96%
2013$32,017.471.24%
2014$32,692.142.11%
2015$33,015.620.99%
2016$33,587.941.73%
2017$34,484.742.67%
2018$35,649.903.38%
2019$36,274.471.75%
2020$36,608.810.92%
2021$38,112.784.11%
2022$41,007.517.60%*
* Not final. See inflation summary for latest details.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Miami-Fort Lauderdale, Florida:

Year1977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI62.00064.58370.85080.80090.00096.56799.683103.417106.333107.883111.667116.617121.367127.683132.183134.367139.000143.367148.667153.400158.383160.450162.292167.658172.867175.350180.425185.267193.967203.600211.893222.080221.195222.980230.565235.073237.997243.012245.416249.670256.337264.998269.640272.125283.305304.823

Adjust miami-fort lauderdale, florida prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1995 * 1995 USD value = 2022 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 304.823 in 2022:

304.823 / 148.667 * $20,000 = $41,007.51

Therefore, according to U.S. Bureau of Labor Statistics, $20,000 in 1995 has the same "purchasing power" as $41,007.51 in 2022 (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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