Format price/currency from MYSQL database using PHP

I have a row for PRICE in my database and it is formatted as an integer with no commas.  I am trying to figure out how to print the price in PHP with appropriate commas (ex 9,000 or 15,000).  Does anyone have any ideas?  Thanks!
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$number = 12345.67;  //number from DB
$formatedNumber = number_format($number, 2);
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