Miami-Fort Lauderdale, Florida priced at $11,150 in 1985 $36,425.92 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

$

Prices for Miami-fort Lauderdale, Florida, 1985-2024 ($11,150)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 226.69% higher in 2024 versus 1985 (a $25,275.92 difference in value).

Between 1985 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.08% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $11,150 in the year 1985 would cost $36,425.92 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.78% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1985: Pricing changed by 2.82%, which is below the average yearly change for miami-fort lauderdale, florida during the 1985-2024 time period. Compared to inflation for all items in 1985 (3.55%), inflation for miami-fort lauderdale, florida was lower.

Price Inflation for Miami-Fort Lauderdale, Florida since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics
198019851990199520002005201020152020-1001020
Years with the largest changes in pricing: 1980 (14.04%), 1981 (11.39%), and 1979 (9.70%).

View price changes for other categories
Dental services · Airline fares · New trucks · Boston, Massachusetts · More

Buying power of $11,150.00 since 1985

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $11,150 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$11,150.002.82%
1986$11,312.531.46%
1987$11,709.253.51%
1988$12,228.304.43%
1989$12,726.384.07%
1990$13,388.745.20%
1991$13,860.603.52%
1992$14,089.551.65%
1993$14,575.393.45%
1994$15,033.283.14%
1995$15,589.033.70%
1996$16,085.363.18%
1997$16,607.913.25%
1998$16,824.621.30%
1999$17,017.731.15%
2000$17,580.473.31%
2001$18,126.613.11%
2002$18,387.011.44%
2003$18,919.172.89%
2004$19,426.872.68%
2005$20,339.144.70%
2006$21,349.284.97%
2007$22,218.884.07%
2008$23,287.054.81%
2009$23,194.26-0.40%
2010$23,381.430.81%
2011$24,176.833.40%
2012$24,649.551.96%
2013$24,956.061.24%
2014$25,481.942.11%
2015$25,734.070.99%
2016$26,180.171.73%
2017$26,879.182.67%
2018$27,787.363.38%
2019$28,274.191.75%
2020$28,534.790.92%
2021$29,707.064.11%
2022$32,523.349.48%
2023$35,124.058.00%
2024$36,425.923.71%*

* 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
CPI62.00064.58370.85080.80090.00096.56799.683103.417106.333107.883111.667116.617121.367127.683132.183134.367139.000143.367148.667153.400158.383160.450162.292167.658172.867175.350180.425185.267193.967203.600211.893222.080221.195222.980230.565235.073237.996243.012245.416249.670256.337264.998269.640272.125283.305310.163334.965347.380

Adjust miami-fort lauderdale, florida prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1985 * 1985 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 106.333 in the year 1985 and 347.380 in 2024:

347.380 / 106.333 * $11,150 = $36,425.92

Therefore, according to U.S. Bureau of Labor Statistics, $11,150 in 1985 has the same "purchasing power" as $36,425.92 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.