Dallas, Texas prices: $60,000,000 in 1970 $476,025,467.50 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($60,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $416,025,467.50 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, $60,000,000 in Dallas in the year 1970 would cost $476,025,467.50 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%).

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Buying power of $60,000,000.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $60,000,000 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$60,000,000.006.22%
1971$61,843,276.943.07%
1972$63,646,482.642.92%
1973$66,945,681.215.18%
1974$73,584,149.609.92%
1975$80,382,902.949.24%
1976$85,284,951.026.10%
1977$91,562,778.277.36%
1978$98,722,172.757.82%
1979$110,983,971.5012.42%
1980$129,790,739.0916.95%
1981$145,031,166.5211.74%
1982$153,793,410.516.04%
1983$159,416,740.873.66%
1984$166,910,062.334.70%
1985$173,161,175.423.75%
1986$176,193,232.411.75%
1987$180,587,711.492.49%
1988$185,837,043.632.91%
1989$191,393,588.602.99%
1990$200,048,975.964.52%
1991$209,412,288.514.68%
1992$214,487,978.632.42%
1993$219,857,524.492.50%
1994$226,068,566.342.83%
1995$231,959,038.292.61%
1996$238,303,650.932.74%
1997$242,551,202.141.78%
1998$245,983,971.501.42%
1999$252,929,652.722.82%
2000$263,561,887.804.20%
2001$272,858,414.963.53%
2002$276,571,682.991.36%
2003$282,395,369.552.11%
2004$286,162,065.891.33%
2005$295,405,164.743.23%
2006$304,621,549.423.12%
2007$309,195,814.781.50%
2008$323,342,564.564.58%
2009$321,209,973.29-0.66%
2010$323,100,534.280.59%
2011$332,885,129.123.03%
2012$339,870,347.282.10%
2013$346,035,975.071.81%
2014$350,144,345.501.19%
2015$348,394,568.12-0.50%
2016$353,280,587.711.40%
2017$362,283,793.412.55%
2018$372,945,146.932.94%
2019$380,775,333.932.10%
2020$383,136,331.260.62%
2021$402,421,816.565.03%
2022$437,936,954.598.83%
2023$461,008,904.725.27%
2024$476,025,467.503.26%*

* 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 * $60,000,000 = $476,025,467.50

Therefore, according to U.S. Bureau of Labor Statistics, $60,000,000 in 1970 has the same "purchasing power" as $476,025,467.50 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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