Dallas, Texas prices: $50,000 in 1968 $447,944.19 in 2024

Inflation in Texas

$

Prices in Dallas, 1968-2024 ($50,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 795.89% higher in 2024 versus 1968 (a $397,944.19 difference in value).

Between 1968 and 2024: Dallas experienced an average inflation rate of 3.99% per year. This rate of change indicates significant inflation. In other words, $50,000 in Dallas in the year 1968 would cost $447,944.19 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.99% during this same period, inflation in Dallas was higher.

In the year 1968: Pricing changed by 4.14%, which is above the average yearly change in Dallas during the 1968-2024 time period. Compared to inflation for all items in 1968 (4.27%), 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
Juices and nonalcoholic drinks · Admission to sporting events · New York · Airline fares · More

Buying power of $50,000.00 since 1968

Below are calculations of equivalent buying power in Dallas, over time, for $50,000 beginning in 1968. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1968$50,000.004.14%
1969$53,154.856.31%
1970$56,460.536.22%
1971$58,195.073.07%
1972$59,891.912.92%
1973$62,996.485.18%
1974$69,243.349.92%
1975$75,641.039.24%
1976$80,253.906.10%
1977$86,161.397.36%
1978$92,898.447.82%
1979$104,436.9012.42%
1980$122,134.2416.95%
1981$136,475.6211.74%
1982$144,720.976.04%
1983$150,012.573.66%
1984$157,063.854.70%
1985$162,946.203.75%
1986$165,799.401.75%
1987$169,934.642.49%
1988$174,874.312.91%
1989$180,103.072.99%
1990$188,247.864.52%
1991$197,058.824.68%
1992$201,835.092.42%
1993$206,887.882.50%
1994$212,732.532.83%
1995$218,275.522.61%
1996$224,245.852.74%
1997$228,242.841.78%
1998$231,473.101.42%
1999$238,009.052.82%
2000$248,014.084.20%
2001$256,762.193.53%
2002$260,256.411.36%
2003$265,736.552.11%
2004$269,281.051.33%
2005$277,978.883.23%
2006$286,651.583.12%
2007$290,956.011.50%
2008$304,268.234.58%
2009$302,261.44-0.66%
2010$304,040.470.59%
2011$313,247.863.03%
2012$319,821.022.10%
2013$325,622.931.81%
2014$329,488.941.19%
2015$327,842.38-0.50%
2016$332,440.171.40%
2017$340,912.272.55%
2018$350,944.702.94%
2019$358,312.972.10%
2020$360,534.690.62%
2021$378,682.505.03%
2022$412,102.568.83%
2023$433,813.475.27%
2024$447,944.193.26%*

* 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 1968 * 1968 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 33.150 in the year 1968 and 296.987 in 2024:

296.987 / 33.150 * $50,000 = $447,944.19

Therefore, according to U.S. Bureau of Labor Statistics, $50,000 in 1968 has the same "purchasing power" as $447,944.19 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.

» Read more about inflation and investment.