Dallas, Texas prices: $2,000,000 in 1973 $14,221,245.01 in 2024

Inflation in Texas

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Prices in Dallas, 1973-2024 ($2,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 611.06% higher in 2024 versus 1973 (a $12,221,245.01 difference in value).

Between 1973 and 2024: Dallas experienced an average inflation rate of 3.92% per year. This rate of change indicates significant inflation. In other words, $2,000,000 in Dallas in the year 1973 would cost $14,221,245.01 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.89% during this same period, inflation in Dallas was higher.

In the year 1973: Pricing changed by 5.18%, which is above the average yearly change in Dallas during the 1973-2024 time period. Compared to inflation for all items in 1973 (6.18%), 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 $2,000,000.00 since 1973

Below are calculations of equivalent buying power in Dallas, over time, for $2,000,000 beginning in 1973. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1973$2,000,000.005.18%
1974$2,198,324.029.92%
1975$2,401,436.559.24%
1976$2,547,885.086.10%
1977$2,735,434.967.36%
1978$2,949,321.637.82%
1979$3,315,642.4612.42%
1980$3,877,494.0116.95%
1981$4,332,801.2811.74%
1982$4,594,573.026.04%
1983$4,762,569.833.66%
1984$4,986,432.564.70%
1985$5,173,184.363.75%
1986$5,263,766.961.75%
1987$5,395,051.882.49%
1988$5,551,875.502.91%
1989$5,717,877.092.99%
1990$5,976,456.504.52%
1991$6,256,185.164.68%
1992$6,407,821.232.42%
1993$6,568,236.232.50%
1994$6,753,790.902.83%
1995$6,929,768.562.61%
1996$7,119,313.652.74%
1997$7,246,209.101.78%
1998$7,348,762.971.42%
1999$7,556,264.962.82%
2000$7,873,902.634.20%
2001$8,151,636.073.53%
2002$8,262,569.831.36%
2003$8,436,552.272.11%
2004$8,549,082.201.33%
2005$8,825,219.473.23%
2006$9,100,558.663.12%
2007$9,237,214.681.50%
2008$9,659,848.364.58%
2009$9,596,137.27-0.66%
2010$9,652,617.720.59%
2011$9,944,932.163.03%
2012$10,153,615.322.10%
2013$10,337,813.251.81%
2014$10,460,550.681.19%
2015$10,408,276.14-0.50%
2016$10,554,245.811.40%
2017$10,823,216.282.55%
2018$11,141,723.862.94%
2019$11,375,650.442.10%
2020$11,446,185.160.62%
2021$12,022,338.395.03%
2022$13,083,351.968.83%
2023$13,772,625.705.27%
2024$14,221,245.013.26%*

* 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 1973 * 1973 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 41.767 in the year 1973 and 296.987 in 2024:

296.987 / 41.767 * $2,000,000 = $14,221,245.01

Therefore, according to U.S. Bureau of Labor Statistics, $2,000,000 in 1973 has the same "purchasing power" as $14,221,245.01 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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