Dallas, Texas prices: $7,000,000 in 1975 $41,453,818.54 in 2024

Inflation in Texas

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Prices in Dallas, 1975-2024 ($7,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 492.20% higher in 2024 versus 1975 (a $34,453,818.54 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, $7,000,000 in Dallas in the year 1975 would cost $41,453,818.54 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 $7,000,000.00 since 1975

Below are calculations of equivalent buying power in Dallas, over time, for $7,000,000 beginning in 1975. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1975$7,000,000.009.24%
1976$7,426,886.016.10%
1977$7,973,579.267.36%
1978$8,597,042.217.82%
1979$9,664,838.8212.42%
1980$11,302,592.2216.95%
1981$12,629,777.3311.74%
1982$13,392,821.546.04%
1983$13,882,519.113.66%
1984$14,535,061.484.70%
1985$15,079,428.383.75%
1986$15,343,469.591.75%
1987$15,726,154.872.49%
1988$16,183,283.482.91%
1989$16,667,165.172.99%
1990$17,420,903.954.52%
1991$18,236,291.134.68%
1992$18,678,298.442.42%
1993$19,145,895.652.50%
1994$19,686,773.012.83%
1995$20,199,734.132.61%
1996$20,752,243.272.74%
1997$21,122,133.601.78%
1998$21,421,070.121.42%
1999$22,025,922.232.82%
2000$22,951,811.234.20%
2001$23,761,382.523.53%
2002$24,084,745.761.36%
2003$24,591,890.992.11%
2004$24,919,906.951.33%
2005$25,724,825.523.23%
2006$26,527,417.753.12%
2007$26,925,759.391.50%
2008$28,157,703.564.58%
2009$27,971,990.69-0.66%
2010$28,136,626.790.59%
2011$28,988,700.563.03%
2012$29,596,995.682.10%
2013$30,133,918.251.81%
2014$30,491,688.271.19%
2015$30,339,312.06-0.50%
2016$30,764,802.261.40%
2017$31,548,830.182.55%
2018$32,477,254.902.94%
2019$33,159,132.602.10%
2020$33,364,735.790.62%
2021$35,044,177.475.03%
2022$38,136,949.158.83%
2023$40,146,128.285.27%
2024$41,453,818.543.26%*

* 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 * $7,000,000 = $41,453,818.54

Therefore, according to U.S. Bureau of Labor Statistics, $7,000,000 in 1975 has the same "purchasing power" as $41,453,818.54 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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