Miami-Fort Lauderdale, Florida priced at $50,000 in 1996 $111,735.66 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

$

Prices for Miami-fort Lauderdale, Florida, 1996-2024 ($50,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 123.47% higher in 2024 versus 1996 (a $61,735.66 difference in value).

Between 1996 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 2.91% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $50,000 in the year 1996 would cost $111,735.66 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.46% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1996: Pricing changed by 3.18%, which is above the average yearly change for miami-fort lauderdale, florida during the 1996-2024 time period. Compared to inflation for all items in 1996 (2.93%), 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
Detroit, Michigan · Boston, Massachusetts · Hospital services · Chicago, Illinois · More

Buying power of $50,000.00 since 1996

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $50,000 beginning in 1996. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1996$50,000.003.18%
1997$51,624.293.25%
1998$52,297.911.30%
1999$52,898.201.15%
2000$54,647.443.31%
2001$56,345.073.11%
2002$57,154.501.44%
2003$58,808.672.89%
2004$60,386.792.68%
2005$63,222.514.70%
2006$66,362.454.97%
2007$69,065.544.07%
2008$72,385.844.81%
2009$72,097.43-0.40%
2010$72,679.220.81%
2011$75,151.653.40%
2012$76,621.061.96%
2013$77,573.831.24%
2014$79,208.472.11%
2015$79,992.200.99%
2016$81,378.861.73%
2017$83,551.692.67%
2018$86,374.703.38%
2019$87,887.961.75%
2020$88,698.010.92%
2021$92,341.924.11%
2022$101,096.109.48%
2023$109,180.178.00%
2024$111,735.662.34%*

* 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 1996 * 1996 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 153.400 in the year 1996 and 342.805 in 2024:

342.805 / 153.400 * $50,000 = $111,735.66

Therefore, according to U.S. Bureau of Labor Statistics, $50,000 in 1996 has the same "purchasing power" as $111,735.66 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.