Dallas, Texas prices: $3,000,000 in 1975 $17,765,922.23 in 2024

Inflation in Texas

$

Prices in Dallas, 1975-2024 ($3,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 492.20% higher in 2024 versus 1975 (a $14,765,922.23 difference in value).

Between 1975 and 2024: Dallas experienced an average inflation rate of 3.70% per year. This rate of change indicates significant inflation. In other words, $3,000,000 in Dallas in the year 1975 would cost $17,765,922.23 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.64% during this same period, inflation in Dallas was higher.

In the year 1975: Pricing changed by 9.24%, which is significantly above the average yearly change in Dallas during the 1975-2024 time period. Compared to inflation for all items in 1975 (9.14%), 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
Admission to sporting events · Airline fares · New York · Parking fees and tolls · More

Buying power of $3,000,000.00 since 1975

Below are calculations of equivalent buying power in Dallas, over time, for $3,000,000 beginning in 1975. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1975$3,000,000.009.24%
1976$3,182,951.156.10%
1977$3,417,248.267.36%
1978$3,684,446.667.82%
1979$4,142,073.7812.42%
1980$4,843,968.1016.95%
1981$5,412,761.7111.74%
1982$5,739,780.666.04%
1983$5,949,651.053.66%
1984$6,229,312.064.70%
1985$6,462,612.163.75%
1986$6,575,772.681.75%
1987$6,739,780.662.49%
1988$6,935,692.922.91%
1989$7,143,070.792.99%
1990$7,466,101.694.52%
1991$7,815,553.344.68%
1992$8,004,985.042.42%
1993$8,205,383.852.50%
1994$8,437,188.432.83%
1995$8,657,028.912.61%
1996$8,893,818.542.74%
1997$9,052,342.971.78%
1998$9,180,458.621.42%
1999$9,439,680.962.82%
2000$9,836,490.534.20%
2001$10,183,449.653.53%
2002$10,322,033.901.36%
2003$10,539,381.852.11%
2004$10,679,960.121.33%
2005$11,024,925.223.23%
2006$11,368,893.323.12%
2007$11,539,611.171.50%
2008$12,067,587.244.58%
2009$11,987,996.01-0.66%
2010$12,058,554.340.59%
2011$12,423,728.813.03%
2012$12,684,426.722.10%
2013$12,914,536.391.81%
2014$13,067,866.401.19%
2015$13,002,562.31-0.50%
2016$13,184,915.251.40%
2017$13,520,927.222.55%
2018$13,918,823.532.94%
2019$14,211,056.832.10%
2020$14,299,172.480.62%
2021$15,018,933.205.03%
2022$16,344,406.788.83%
2023$17,205,483.555.27%
2024$17,765,922.233.26%*

* 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 1975 * 1975 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 50.150 in the year 1975 and 296.987 in 2024:

296.987 / 50.150 * $3,000,000 = $17,765,922.23

Therefore, according to U.S. Bureau of Labor Statistics, $3,000,000 in 1975 has the same "purchasing power" as $17,765,922.23 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.

» Read more about inflation and investment.