Dallas, Texas prices: $21,000,000 in 1974 $135,851,740.79 in 2024

Inflation in Texas

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Prices in Dallas, 1974-2024 ($21,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 546.91% higher in 2024 versus 1974 (a $114,851,740.79 difference in value).

Between 1974 and 2024: Dallas experienced an average inflation rate of 3.80% per year. This rate of change indicates significant inflation. In other words, $21,000,000 in Dallas in the year 1974 would cost $135,851,740.79 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.75% during this same period, inflation in Dallas was higher.

In the year 1974: Pricing changed by 9.92%, which is significantly above the average yearly change in Dallas during the 1974-2024 time period. Compared to inflation for all items in 1974 (11.05%), 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 $21,000,000.00 since 1974

Below are calculations of equivalent buying power in Dallas, over time, for $21,000,000 beginning in 1974. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1974$21,000,000.009.92%
1975$22,940,279.549.24%
1976$24,339,263.026.10%
1977$26,130,876.757.36%
1978$28,174,078.787.82%
1979$31,673,443.4612.42%
1980$37,040,660.7416.95%
1981$41,390,088.9511.74%
1982$43,890,724.276.04%
1983$45,495,552.733.66%
1984$47,634,053.374.70%
1985$49,418,043.203.75%
1986$50,283,354.511.75%
1987$51,537,484.122.49%
1988$53,035,578.142.91%
1989$54,621,346.892.99%
1990$57,091,486.664.52%
1991$59,763,659.474.68%
1992$61,212,198.222.42%
1993$62,744,599.752.50%
1994$64,517,153.752.83%
1995$66,198,221.092.61%
1996$68,008,894.542.74%
1997$69,221,092.761.78%
1998$70,200,762.391.42%
1999$72,182,973.322.82%
2000$75,217,280.814.20%
2001$77,870,393.903.53%
2002$78,930,114.361.36%
2003$80,592,121.982.11%
2004$81,667,090.221.33%
2005$84,304,955.533.23%
2006$86,935,196.953.12%
2007$88,240,635.321.50%
2008$92,277,941.554.58%
2009$91,669,326.56-0.66%
2010$92,208,869.120.59%
2011$95,001,270.653.03%
2012$96,994,764.932.10%
2013$98,754,358.321.81%
2014$99,926,836.091.19%
2015$99,427,471.41-0.50%
2016$100,821,880.561.40%
2017$103,391,283.352.55%
2018$106,433,900.892.94%
2019$108,668,538.752.10%
2020$109,342,337.990.62%
2021$114,846,175.355.03%
2022$124,981,753.498.83%
2023$131,566,200.765.27%
2024$135,851,740.793.26%*

* 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 1974 * 1974 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 45.908 in the year 1974 and 296.987 in 2024:

296.987 / 45.908 * $21,000,000 = $135,851,740.79

Therefore, according to U.S. Bureau of Labor Statistics, $21,000,000 in 1974 has the same "purchasing power" as $135,851,740.79 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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