Dallas, Texas prices: $24,000 in 1970 $190,410.19 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($24,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $166,410.19 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, $24,000 in Dallas in the year 1970 would cost $190,410.19 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.92% 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
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Buying power of $24,000.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $24,000 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$24,000.006.22%
1971$24,737.313.07%
1972$25,458.592.92%
1973$26,778.275.18%
1974$29,433.669.92%
1975$32,153.169.24%
1976$34,113.986.10%
1977$36,625.117.36%
1978$39,488.877.82%
1979$44,393.5912.42%
1980$51,916.3016.95%
1981$58,012.4711.74%
1982$61,517.366.04%
1983$63,766.703.66%
1984$66,764.024.70%
1985$69,264.473.75%
1986$70,477.291.75%
1987$72,235.082.49%
1988$74,334.822.91%
1989$76,557.442.99%
1990$80,019.594.52%
1991$83,764.924.68%
1992$85,795.192.42%
1993$87,943.012.50%
1994$90,427.432.83%
1995$92,783.622.61%
1996$95,321.462.74%
1997$97,020.481.78%
1998$98,393.591.42%
1999$101,171.862.82%
2000$105,424.764.20%
2001$109,143.373.53%
2002$110,628.671.36%
2003$112,958.152.11%
2004$114,464.831.33%
2005$118,162.073.23%
2006$121,848.623.12%
2007$123,678.331.50%
2008$129,337.034.58%
2009$128,483.99-0.66%
2010$129,240.210.59%
2011$133,154.053.03%
2012$135,948.142.10%
2013$138,414.391.81%
2014$140,057.741.19%
2015$139,357.83-0.50%
2016$141,312.241.40%
2017$144,913.522.55%
2018$149,178.062.94%
2019$152,310.132.10%
2020$153,254.530.62%
2021$160,968.735.03%
2022$175,174.788.83%
2023$184,403.565.27%
2024$190,410.193.26%*

* 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 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 * $24,000 = $190,410.19

Therefore, according to U.S. Bureau of Labor Statistics, $24,000 in 1970 has the same "purchasing power" as $190,410.19 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.

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