Dallas, Texas prices: $500 in 1971 $3,837.42 in 2024

Inflation in Texas

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Prices in Dallas, 1971-2024 ($500)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 667.48% higher in 2024 versus 1971 (a $3,337.42 difference in value).

Between 1971 and 2024: Dallas experienced an average inflation rate of 3.92% per year. This rate of change indicates significant inflation. In other words, $500 in Dallas in the year 1971 would cost $3,837.42 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.91% during this same period, inflation in Dallas was higher.

In the year 1971: Pricing changed by 3.07%, which is below the average yearly change in Dallas during the 1971-2024 time period. Compared to inflation for all items in 1971 (4.30%), inflation in Dallas was lower.

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 $500.00 since 1971

Below are calculations of equivalent buying power in Dallas, over time, for $500 beginning in 1971. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1971$500.003.07%
1972$514.582.92%
1973$541.255.18%
1974$594.929.92%
1975$649.899.24%
1976$689.526.10%
1977$740.287.36%
1978$798.167.82%
1979$897.3012.42%
1980$1,049.3516.95%
1981$1,172.5711.74%
1982$1,243.416.04%
1983$1,288.883.66%
1984$1,349.464.70%
1985$1,400.003.75%
1986$1,424.511.75%
1987$1,460.042.49%
1988$1,502.482.91%
1989$1,547.412.99%
1990$1,617.394.52%
1991$1,693.094.68%
1992$1,734.132.42%
1993$1,777.542.50%
1994$1,827.752.83%
1995$1,875.382.61%
1996$1,926.672.74%
1997$1,961.021.78%
1998$1,988.771.42%
1999$2,044.922.82%
2000$2,130.894.20%
2001$2,206.053.53%
2002$2,236.071.36%
2003$2,283.152.11%
2004$2,313.611.33%
2005$2,388.343.23%
2006$2,462.853.12%
2007$2,499.831.50%
2008$2,614.214.58%
2009$2,596.97-0.66%
2010$2,612.250.59%
2011$2,691.363.03%
2012$2,747.842.10%
2013$2,797.681.81%
2014$2,830.901.19%
2015$2,816.75-0.50%
2016$2,856.261.40%
2017$2,929.052.55%
2018$3,015.242.94%
2019$3,078.552.10%
2020$3,097.640.62%
2021$3,253.565.03%
2022$3,540.708.83%
2023$3,727.245.27%
2024$3,837.422.96%*

* 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
CPI29.50029.53329.85030.88331.83333.15035.24237.43338.58339.70841.76745.90850.15053.20857.12561.59269.24280.97590.48395.95099.458104.133108.033109.925112.667115.942119.408124.808130.650133.817137.167141.042144.717148.675151.325153.467157.800164.433170.233172.550176.183178.533184.300190.050192.904201.730200.399201.579207.683212.041215.888218.451217.359220.408226.025232.676237.561239.035251.066273.224287.618296.121

Adjust Dallas prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1971 * 1971 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 38.583 in the year 1971 and 296.121 in 2024:

296.121 / 38.583 * $500 = $3,837.42

Therefore, according to U.S. Bureau of Labor Statistics, $500 in 1971 has the same "purchasing power" as $3,837.42 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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