Miami-Fort Lauderdale, Florida priced at $6,500,000 in 2006 → $11,090,233.91 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 2006-2024 ($6,500,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 70.62% higher in 2024 versus 2006 (a $4,590,233.91 difference in value).

Between 2006 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.01% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $6,500,000 in the year 2006 would cost $11,090,233.91 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.49% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 2006: Pricing changed by 4.97%, which is above the average yearly change for miami-fort lauderdale, florida during the 2006-2024 time period. Compared to inflation for all items in 2006 (3.23%), 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 $6,500,000.00 since 2006

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $6,500,000 beginning in 2006. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2006$6,500,000.004.97%
2007$6,764,759.544.07%
2008$7,089,972.374.81%
2009$7,061,723.76-0.40%
2010$7,118,707.840.81%
2011$7,360,874.883.40%
2012$7,504,799.651.96%
2013$7,598,120.091.24%
2014$7,758,228.352.11%
2015$7,834,992.840.99%
2016$7,970,811.231.73%
2017$8,183,633.552.67%
2018$8,460,138.963.38%
2019$8,608,357.691.75%
2020$8,687,700.150.92%
2021$9,044,609.534.11%
2022$9,902,055.099.48%
2023$10,693,864.818.00%
2024$11,090,233.913.71%*

* 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 2006 * 2006 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 203.600 in the year 2006 and 347.380 in 2024:

347.380 / 203.600 * $6,500,000 = $11,090,233.91

Therefore, according to U.S. Bureau of Labor Statistics, $6,500,000 in 2006 has the same "purchasing power" as $11,090,233.91 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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