Dallas, Texas prices: $1,000,000 in 1965 $9,920,301.51 in 2024

Inflation in Texas

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Prices in Dallas, 1965-2024 ($1,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 892.03% higher in 2024 versus 1965 (a $8,920,301.51 difference in value).

Between 1965 and 2024: Dallas experienced an average inflation rate of 3.97% per year. This rate of change indicates significant inflation. In other words, $1,000,000 in Dallas in the year 1965 would cost $9,920,301.51 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.95% during this same period, inflation in Dallas was higher.

In the year 1965: Pricing changed by 1.07%, which is below the average yearly change in Dallas during the 1965-2024 time period. Compared to inflation for all items in 1965 (1.59%), inflation in Dallas was lower.

Price Inflation in Dallas-Fort Worth, Texas since 1963

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (16.95%), 1979 (12.42%), and 1981 (11.74%).

View price changes for other categories
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Buying power of $1,000,000.00 since 1965

Below are calculations of equivalent buying power in Dallas, over time, for $1,000,000 beginning in 1965. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1965$1,000,000.001.07%
1966$1,034,617.533.46%
1967$1,066,443.333.08%
1968$1,110,552.764.14%
1969$1,180,625.356.31%
1970$1,254,048.026.22%
1971$1,292,573.983.07%
1972$1,330,262.422.92%
1973$1,399,218.315.18%
1974$1,537,967.629.92%
1975$1,680,067.009.24%
1976$1,782,523.736.10%
1977$1,913,735.347.36%
1978$2,063,372.427.82%
1979$2,319,653.8212.42%
1980$2,712,730.3216.95%
1981$3,031,267.4511.74%
1982$3,214,405.366.04%
1983$3,331,937.473.66%
1984$3,488,553.884.70%
1985$3,619,207.153.75%
1986$3,682,579.561.75%
1987$3,774,427.692.49%
1988$3,884,142.942.91%
1989$4,000,279.172.99%
1990$4,181,183.704.52%
1991$4,376,884.424.68%
1992$4,482,970.412.42%
1993$4,595,198.212.50%
1994$4,725,013.962.83%
1995$4,848,129.542.61%
1996$4,980,737.022.74%
1997$5,069,514.241.78%
1998$5,141,261.861.42%
1999$5,286,432.162.82%
2000$5,508,654.384.20%
2001$5,702,959.243.53%
2002$5,780,569.511.36%
2003$5,902,289.222.11%
2004$5,981,016.191.33%
2005$6,174,204.363.23%
2006$6,366,834.173.12%
2007$6,462,439.981.50%
2008$6,758,118.374.58%
2009$6,713,545.51-0.66%
2010$6,753,059.740.59%
2011$6,957,565.613.03%
2012$7,103,562.262.10%
2013$7,232,428.811.81%
2014$7,318,297.041.19%
2015$7,281,725.29-0.50%
2016$7,383,847.011.40%
2017$7,572,021.222.55%
2018$7,794,852.042.94%
2019$7,958,509.212.10%
2020$8,007,855.950.62%
2021$8,410,938.025.03%
2022$9,153,232.838.83%
2023$9,635,455.055.27%
2024$9,920,301.512.96%*

* 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 Dallas-Fort Worth, Texas:

Year19631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI29.50029.53329.85030.88331.83333.15035.24237.43338.58339.70841.76745.90850.15053.20857.12561.59269.24280.97590.48395.95099.458104.133108.033109.925112.667115.942119.408124.808130.650133.817137.167141.042144.717148.675151.325153.467157.800164.433170.233172.550176.183178.533184.300190.050192.904201.730200.399201.579207.683212.041215.888218.451217.359220.408226.025232.676237.561239.035251.066273.224287.618296.121

Adjust Dallas prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1965 * 1965 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 29.850 in the year 1965 and 296.121 in 2024:

296.121 / 29.850 * $1,000,000 = $9,920,301.51

Therefore, according to U.S. Bureau of Labor Statistics, $1,000,000 in 1965 has the same "purchasing power" as $9,920,301.51 in 2024 (in the CPI category of Dallas-Fort Worth, Texas).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Dallas-Fort Worth, Texas in 1963. In addition to Dallas, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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