Dallas, Texas prices: $50,000 in 1970 $396,687.89 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($50,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $346,687.89 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, $50,000 in Dallas in the year 1970 would cost $396,687.89 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 $50,000.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $50,000 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$50,000.006.22%
1971$51,536.063.07%
1972$53,038.742.92%
1973$55,788.075.18%
1974$61,320.129.92%
1975$66,985.759.24%
1976$71,070.796.10%
1977$76,302.327.36%
1978$82,268.487.82%
1979$92,486.6412.42%
1980$108,158.9516.95%
1981$120,859.3111.74%
1982$128,161.186.04%
1983$132,847.283.66%
1984$139,091.724.70%
1985$144,300.983.75%
1986$146,827.691.75%
1987$150,489.762.49%
1988$154,864.202.91%
1989$159,494.662.99%
1990$166,707.484.52%
1991$174,510.244.68%
1992$178,739.982.42%
1993$183,214.602.50%
1994$188,390.472.83%
1995$193,299.202.61%
1996$198,586.382.74%
1997$202,126.001.78%
1998$204,986.641.42%
1999$210,774.712.82%
2000$219,634.914.20%
2001$227,382.013.53%
2002$230,476.401.36%
2003$235,329.472.11%
2004$238,468.391.33%
2005$246,170.973.23%
2006$253,851.293.12%
2007$257,663.181.50%
2008$269,452.144.58%
2009$267,674.98-0.66%
2010$269,250.450.59%
2011$277,404.273.03%
2012$283,225.292.10%
2013$288,363.311.81%
2014$291,786.951.19%
2015$290,328.81-0.50%
2016$294,400.491.40%
2017$301,903.162.55%
2018$310,787.622.94%
2019$317,312.782.10%
2020$319,280.280.62%
2021$335,351.515.03%
2022$364,947.468.83%
2023$384,174.095.27%
2024$396,687.893.26%*

* 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 * $50,000 = $396,687.89

Therefore, according to U.S. Bureau of Labor Statistics, $50,000 in 1970 has the same "purchasing power" as $396,687.89 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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