Dallas, Texas prices: $24 in 1970 $190.41 in 2024

Inflation in Texas

$

Prices in Dallas, 1970-2024 ($24)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $166.41 difference in value).

Between 1970 and 2024: Dallas experienced an average inflation rate of 3.91% per year. This rate of change indicates significant inflation. In other words, $24 in Dallas in the year 1970 would cost $190.41 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.93% during this same period, inflation in Dallas was lower.

In the year 1970: Pricing changed by 6.22%, which is above the average yearly change in Dallas during the 1970-2024 time period. Compared to inflation for all items in 1970 (5.83%), inflation in Dallas was higher.

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
Rent of primary residence · Admission to sporting events · Dental services · Houston, Texas · More

Buying power of $24.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $24 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$24.006.22%
1971$24.743.07%
1972$25.462.92%
1973$26.785.18%
1974$29.439.92%
1975$32.159.24%
1976$34.116.10%
1977$36.637.36%
1978$39.497.82%
1979$44.3912.42%
1980$51.9216.95%
1981$58.0111.74%
1982$61.526.04%
1983$63.773.66%
1984$66.764.70%
1985$69.263.75%
1986$70.481.75%
1987$72.242.49%
1988$74.332.91%
1989$76.562.99%
1990$80.024.52%
1991$83.764.68%
1992$85.802.42%
1993$87.942.50%
1994$90.432.83%
1995$92.782.61%
1996$95.322.74%
1997$97.021.78%
1998$98.391.42%
1999$101.172.82%
2000$105.424.20%
2001$109.143.53%
2002$110.631.36%
2003$112.962.11%
2004$114.461.33%
2005$118.163.23%
2006$121.853.12%
2007$123.681.50%
2008$129.344.58%
2009$128.48-0.66%
2010$129.240.59%
2011$133.153.03%
2012$135.952.10%
2013$138.411.81%
2014$140.061.19%
2015$139.36-0.50%
2016$141.311.40%
2017$144.912.55%
2018$149.182.94%
2019$152.312.10%
2020$153.250.62%
2021$160.975.03%
2022$175.178.83%
2023$184.405.27%
2024$190.413.26%*

* 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 1970 * 1970 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 37.433 in the year 1970 and 296.987 in 2024:

296.987 / 37.433 * $24 = $190.41

Therefore, according to U.S. Bureau of Labor Statistics, $24 in 1970 has the same "purchasing power" as $190.41 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.