Miami-Fort Lauderdale, Florida priced at $1,200,000 in 2015 $1,490,476.89 in 2022

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 2015-2022 ($1,200,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 24.21% higher in 2022 versus 2015 (a $290,476.89 difference in value).

Between 2015 and 2022: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.15% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $1,200,000 in the year 2015 would cost $1,490,476.89 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.84% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 2015: Pricing changed by 0.99%, which is below the average yearly change for miami-fort lauderdale, florida during the 2015-2022 time period. Compared to inflation for all items in 2015 (0.12%), 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 $1,200,000.00 since 2015

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $1,200,000 beginning in 2015. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2015$1,200,000.000.99%
2016$1,220,801.821.73%
2017$1,253,397.482.67%
2018$1,295,746.783.38%
2019$1,318,447.821.75%
2020$1,330,599.840.92%
2021$1,385,263.734.11%
2022$1,490,476.897.60%*
* 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 2015 * 2015 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 245.416 in the year 2015 and 304.823 in 2022:

304.823 / 245.416 * $1,200,000 = $1,490,476.89

Therefore, according to U.S. Bureau of Labor Statistics, $1,200,000 in 2015 has the same "purchasing power" as $1,490,476.89 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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