Dallas, Texas prices: $5,000,000 in 1965 $49,746,566.16 in 2024

Inflation in Texas

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Prices in Dallas, 1965-2024 ($5,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 894.93% higher in 2024 versus 1965 (a $44,746,566.16 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, $5,000,000 in Dallas in the year 1965 would cost $49,746,566.16 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.96% 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
Gasoline (all types) · College tuition and fees · Milk · Wine at home · More

Buying power of $5,000,000.00 since 1965

Below are calculations of equivalent buying power in Dallas, over time, for $5,000,000 beginning in 1965. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1965$5,000,000.001.07%
1966$5,173,087.663.46%
1967$5,332,216.643.08%
1968$5,552,763.824.14%
1969$5,903,126.746.31%
1970$6,270,240.096.22%
1971$6,462,869.913.07%
1972$6,651,312.122.92%
1973$6,996,091.575.18%
1974$7,689,838.089.92%
1975$8,400,335.019.24%
1976$8,912,618.656.10%
1977$9,568,676.727.36%
1978$10,316,862.097.82%
1979$11,598,269.1212.42%
1980$13,563,651.5916.95%
1981$15,156,337.2411.74%
1982$16,072,026.806.04%
1983$16,659,687.333.66%
1984$17,442,769.404.70%
1985$18,096,035.733.75%
1986$18,412,897.821.75%
1987$18,872,138.472.49%
1988$19,420,714.682.91%
1989$20,001,395.872.99%
1990$20,905,918.484.52%
1991$21,884,422.114.68%
1992$22,414,852.042.42%
1993$22,975,991.072.50%
1994$23,625,069.792.83%
1995$24,240,647.682.61%
1996$24,903,685.092.74%
1997$25,347,571.191.78%
1998$25,706,309.321.42%
1999$26,432,160.802.82%
2000$27,543,271.924.20%
2001$28,514,796.203.53%
2002$28,902,847.571.36%
2003$29,511,446.122.11%
2004$29,905,080.961.33%
2005$30,871,021.783.23%
2006$31,834,170.853.12%
2007$32,312,199.891.50%
2008$33,790,591.854.58%
2009$33,567,727.53-0.66%
2010$33,765,298.720.59%
2011$34,787,828.033.03%
2012$35,517,811.282.10%
2013$36,162,144.051.81%
2014$36,591,485.201.19%
2015$36,408,626.47-0.50%
2016$36,919,235.061.40%
2017$37,860,106.092.55%
2018$38,974,260.192.94%
2019$39,792,546.062.10%
2020$40,039,279.730.62%
2021$42,054,690.125.03%
2022$45,766,164.158.83%
2023$48,177,275.275.27%
2024$49,746,566.163.26%*

* 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
CPI29.50029.53329.85030.88331.83333.15035.24237.43338.58339.70841.76745.90850.15053.20857.12561.59269.24280.97590.48395.95099.458104.133108.033109.925112.667115.942119.408124.808130.650133.817137.167141.042144.717148.675151.325153.467157.800164.433170.233172.550176.183178.533184.300190.050192.904201.730200.399201.579207.683212.041215.888218.451217.359220.408226.025232.676237.561239.035251.066273.224287.618296.987

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 296.987 in 2024:

296.987 / 29.850 * $5,000,000 = $49,746,566.16

Therefore, according to U.S. Bureau of Labor Statistics, $5,000,000 in 1965 has the same "purchasing power" as $49,746,566.16 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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