Dallas, Texas prices: $5,000,000 in 1975 $29,609,870.39 in 2024

Inflation in Texas

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Prices in Dallas, 1975-2024 ($5,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 492.20% higher in 2024 versus 1975 (a $24,609,870.39 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, $5,000,000 in Dallas in the year 1975 would cost $29,609,870.39 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
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Buying power of $5,000,000.00 since 1975

Below are calculations of equivalent buying power in Dallas, over time, for $5,000,000 beginning in 1975. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1975$5,000,000.009.24%
1976$5,304,918.586.10%
1977$5,695,413.767.36%
1978$6,140,744.437.82%
1979$6,903,456.3012.42%
1980$8,073,280.1616.95%
1981$9,021,269.5211.74%
1982$9,566,301.106.04%
1983$9,916,085.083.66%
1984$10,382,186.774.70%
1985$10,771,020.273.75%
1986$10,959,621.141.75%
1987$11,232,967.762.49%
1988$11,559,488.202.91%
1989$11,905,117.982.99%
1990$12,443,502.824.52%
1991$13,025,922.234.68%
1992$13,341,641.742.42%
1993$13,675,639.752.50%
1994$14,061,980.722.83%
1995$14,428,381.522.61%
1996$14,823,030.912.74%
1997$15,087,238.291.78%
1998$15,300,764.371.42%
1999$15,732,801.602.82%
2000$16,394,150.884.20%
2001$16,972,416.093.53%
2002$17,203,389.831.36%
2003$17,565,636.422.11%
2004$17,799,933.531.33%
2005$18,374,875.373.23%
2006$18,948,155.533.12%
2007$19,232,685.281.50%
2008$20,112,645.404.58%
2009$19,979,993.35-0.66%
2010$20,097,590.560.59%
2011$20,706,214.693.03%
2012$21,140,711.202.10%
2013$21,524,227.321.81%
2014$21,779,777.331.19%
2015$21,670,937.19-0.50%
2016$21,974,858.761.40%
2017$22,534,878.702.55%
2018$23,198,039.222.94%
2019$23,685,094.722.10%
2020$23,831,954.140.62%
2021$25,031,555.335.03%
2022$27,240,677.978.83%
2023$28,675,805.925.27%
2024$29,609,870.393.26%*

* 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 * $5,000,000 = $29,609,870.39

Therefore, according to U.S. Bureau of Labor Statistics, $5,000,000 in 1975 has the same "purchasing power" as $29,609,870.39 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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