Miami-Fort Lauderdale, Florida priced at $17,500 in 2019 → $22,545.43 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

$

Prices for Miami-fort Lauderdale, Florida, 2019-2024 ($17,500)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 28.83% higher in 2024 versus 2019 (a $5,045.43 difference in value).

Between 2019 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 5.20% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $17,500 in the year 2019 would cost $22,545.43 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.18% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 2019: Pricing changed by 1.75%, which is significantly below the average yearly change for miami-fort lauderdale, florida during the 2019-2024 time period. Compared to inflation for all items in 2019 (1.81%), 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
Admission to sporting events · St Louis, Missouri · San Francisco, California · Rent of primary residence · More

Buying power of $17,500.00 since 2019

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $17,500 beginning in 2019. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2019$17,500.001.75%
2020$17,661.300.92%
2021$18,386.864.11%
2022$20,129.979.48%
2023$21,739.648.00%
2024$22,545.433.71%*

* 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 2019 * 2019 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 269.640 in the year 2019 and 347.380 in 2024:

347.380 / 269.640 * $17,500 = $22,545.43

Therefore, according to U.S. Bureau of Labor Statistics, $17,500 in 2019 has the same "purchasing power" as $22,545.43 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.