Dallas, Texas prices: $6,741 in 1970 $53,481.46 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($6,741)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $46,740.46 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, $6,741 in Dallas in the year 1970 would cost $53,481.46 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 $6,741.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $6,741 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$6,741.006.22%
1971$6,948.093.07%
1972$7,150.682.92%
1973$7,521.355.18%
1974$8,267.189.92%
1975$9,031.029.24%
1976$9,581.766.10%
1977$10,287.087.36%
1978$11,091.447.82%
1979$12,469.0512.42%
1980$14,581.9916.95%
1981$16,294.2511.74%
1982$17,278.696.04%
1983$17,910.473.66%
1984$18,752.354.70%
1985$19,454.663.75%
1986$19,795.311.75%
1987$20,289.032.49%
1988$20,878.792.91%
1989$21,503.072.99%
1990$22,475.504.52%
1991$23,527.474.68%
1992$24,097.722.42%
1993$24,700.992.50%
1994$25,398.802.83%
1995$26,060.602.61%
1996$26,773.422.74%
1997$27,250.631.78%
1998$27,636.301.42%
1999$28,416.652.82%
2000$29,611.184.20%
2001$30,655.643.53%
2002$31,072.831.36%
2003$31,727.122.11%
2004$32,150.311.33%
2005$33,188.773.23%
2006$34,224.233.12%
2007$34,738.151.50%
2008$36,327.544.58%
2009$36,087.94-0.66%
2010$36,300.350.59%
2011$37,399.643.03%
2012$38,184.432.10%
2013$38,877.141.81%
2014$39,338.721.19%
2015$39,142.13-0.50%
2016$39,691.071.40%
2017$40,702.582.55%
2018$41,900.392.94%
2019$42,780.112.10%
2020$43,045.370.62%
2021$45,212.095.03%
2022$49,202.228.83%
2023$51,794.355.27%
2024$53,481.463.26%*

* 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 * $6,741 = $53,481.46

Therefore, according to U.S. Bureau of Labor Statistics, $6,741 in 1970 has the same "purchasing power" as $53,481.46 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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