Dallas, Texas prices: $5,000,000 in 1970 $39,668,788.96 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($5,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $34,668,788.96 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, $5,000,000 in Dallas in the year 1970 would cost $39,668,788.96 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 $5,000,000.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $5,000,000 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$5,000,000.006.22%
1971$5,153,606.413.07%
1972$5,303,873.552.92%
1973$5,578,806.775.18%
1974$6,132,012.479.92%
1975$6,698,575.249.24%
1976$7,107,079.256.10%
1977$7,630,231.527.36%
1978$8,226,847.737.82%
1979$9,248,664.2912.42%
1980$10,815,894.9216.95%
1981$12,085,930.5411.74%
1982$12,816,117.546.04%
1983$13,284,728.413.66%
1984$13,909,171.864.70%
1985$14,430,097.953.75%
1986$14,682,769.371.75%
1987$15,048,975.962.49%
1988$15,486,420.302.91%
1989$15,949,465.722.99%
1990$16,670,748.004.52%
1991$17,451,024.044.68%
1992$17,873,998.222.42%
1993$18,321,460.372.50%
1994$18,839,047.202.83%
1995$19,329,919.862.61%
1996$19,858,637.582.74%
1997$20,212,600.181.78%
1998$20,498,664.291.42%
1999$21,077,471.062.82%
2000$21,963,490.654.20%
2001$22,738,201.253.53%
2002$23,047,640.251.36%
2003$23,532,947.462.11%
2004$23,846,838.821.33%
2005$24,617,097.063.23%
2006$25,385,129.123.12%
2007$25,766,317.901.50%
2008$26,945,213.714.58%
2009$26,767,497.77-0.66%
2010$26,925,044.520.59%
2011$27,740,427.433.03%
2012$28,322,528.942.10%
2013$28,836,331.261.81%
2014$29,178,695.461.19%
2015$29,032,880.68-0.50%
2016$29,440,048.981.40%
2017$30,190,316.122.55%
2018$31,078,762.242.94%
2019$31,731,277.832.10%
2020$31,928,027.600.62%
2021$33,535,151.385.03%
2022$36,494,746.228.83%
2023$38,417,408.735.27%
2024$39,668,788.963.26%*

* 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 * $5,000,000 = $39,668,788.96

Therefore, according to U.S. Bureau of Labor Statistics, $5,000,000 in 1970 has the same "purchasing power" as $39,668,788.96 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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