Miami-Fort Lauderdale, Florida priced at $125,000 in 2004 → $234,378.54 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 2004-2024 ($125,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 87.50% higher in 2024 versus 2004 (a $109,378.54 difference in value).

Between 2004 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.19% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $125,000 in the year 2004 would cost $234,378.54 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.57% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 2004: Pricing changed by 2.68%, which is below the average yearly change for miami-fort lauderdale, florida during the 2004-2024 time period. Compared to inflation for all items in 2004 (2.68%), 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
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
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Buying power of $125,000.00 since 2004

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $125,000 beginning in 2004. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2004$125,000.002.68%
2005$130,869.924.70%
2006$137,369.564.97%
2007$142,964.934.07%
2008$149,837.904.81%
2009$149,240.90-0.40%
2010$150,445.190.81%
2011$155,563.103.40%
2012$158,604.771.96%
2013$160,576.981.24%
2014$163,960.682.11%
2015$165,583.000.99%
2016$168,453.361.73%
2017$172,951.102.67%
2018$178,794.703.38%
2019$181,927.121.75%
2020$183,603.930.92%
2021$191,146.774.11%
2022$209,267.839.48%
2023$226,001.778.00%
2024$234,378.543.71%*

* 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 2004 * 2004 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 185.267 in the year 2004 and 347.380 in 2024:

347.380 / 185.267 * $125,000 = $234,378.54

Therefore, according to U.S. Bureau of Labor Statistics, $125,000 in 2004 has the same "purchasing power" as $234,378.54 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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