Dallas, Texas prices: $500,000 in 1980 $1,833,819.08 in 2024

Inflation in Texas

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Prices in Dallas, 1980-2024 ($500,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 266.76% higher in 2024 versus 1980 (a $1,333,819.08 difference in value).

Between 1980 and 2024: Dallas experienced an average inflation rate of 3% per year. This rate of change indicates significant inflation. In other words, $500,000 in Dallas in the year 1980 would cost $1,833,819.08 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.07% during this same period, inflation in Dallas was lower.

In the year 1980: Pricing changed by 16.95%, which is significantly above the average yearly change in Dallas during the 1980-2024 time period. Compared to inflation for all items in 1980 (13.55%), inflation in Dallas was much 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 $500,000.00 since 1980

Below are calculations of equivalent buying power in Dallas, over time, for $500,000 beginning in 1980. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1980$500,000.0016.95%
1981$558,711.5411.74%
1982$592,466.816.04%
1983$614,129.883.66%
1984$642,996.814.70%
1985$667,078.323.75%
1986$678,758.881.75%
1987$695,687.972.49%
1988$715,910.262.91%
1989$737,316.042.99%
1990$770,659.674.52%
1991$806,730.474.68%
1992$826,283.832.42%
1993$846,969.232.50%
1994$870,896.372.83%
1995$893,588.562.61%
1996$918,030.262.74%
1997$934,393.331.78%
1998$947,617.581.42%
1999$974,374.812.82%
2000$1,015,333.954.20%
2001$1,051,147.473.53%
2002$1,065,452.301.36%
2003$1,087,887.212.11%
2004$1,102,397.861.33%
2005$1,138,005.563.23%
2006$1,173,510.343.12%
2007$1,191,132.041.50%
2008$1,245,630.344.58%
2009$1,237,414.84-0.66%
2010$1,244,697.950.59%
2011$1,282,391.683.03%
2012$1,309,301.222.10%
2013$1,333,053.411.81%
2014$1,348,880.311.19%
2015$1,342,139.55-0.50%
2016$1,360,962.231.40%
2017$1,395,645.782.55%
2018$1,436,717.092.94%
2019$1,466,881.752.10%
2020$1,475,977.150.62%
2021$1,550,271.695.03%
2022$1,687,088.618.83%
2023$1,775,969.955.27%
2024$1,833,819.083.26%*

* 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 1980 * 1980 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 80.975 in the year 1980 and 296.987 in 2024:

296.987 / 80.975 * $500,000 = $1,833,819.08

Therefore, according to U.S. Bureau of Labor Statistics, $500,000 in 1980 has the same "purchasing power" as $1,833,819.08 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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