Dallas, Texas prices: $2,000,000 in 1985 $5,498,062.33 in 2024

Inflation in Texas

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Prices in Dallas, 1985-2024 ($2,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 174.90% higher in 2024 versus 1985 (a $3,498,062.33 difference in value).

Between 1985 and 2024: Dallas experienced an average inflation rate of 2.63% per year. This rate of change indicates significant inflation. In other words, $2,000,000 in Dallas in the year 1985 would cost $5,498,062.33 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.76% during this same period, inflation in Dallas was lower.

In the year 1985: Pricing changed by 3.75%, which is above the average yearly change in Dallas during the 1985-2024 time period. Compared to inflation for all items in 1985 (3.55%), 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 $2,000,000.00 since 1985

Below are calculations of equivalent buying power in Dallas, over time, for $2,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$2,000,000.003.75%
1986$2,035,020.061.75%
1987$2,085,776.002.49%
1988$2,146,405.432.91%
1989$2,210,583.152.99%
1990$2,310,552.304.52%
1991$2,418,697.934.68%
1992$2,477,321.812.42%
1993$2,539,339.712.50%
1994$2,611,076.832.83%
1995$2,679,111.392.61%
1996$2,752,391.242.74%
1997$2,801,450.171.78%
1998$2,841,098.431.42%
1999$2,921,320.582.82%
2000$3,044,122.184.20%
2001$3,151,496.453.53%
2002$3,194,384.451.36%
2003$3,261,647.642.11%
2004$3,305,152.731.33%
2005$3,411,909.903.23%
2006$3,518,358.533.12%
2007$3,571,190.991.50%
2008$3,734,585.004.58%
2009$3,709,953.72-0.66%
2010$3,731,789.570.59%
2011$3,844,800.993.03%
2012$3,925,479.792.10%
2013$3,996,692.381.81%
2014$4,044,143.781.19%
2015$4,023,933.97-0.50%
2016$4,080,367.171.40%
2017$4,184,353.592.55%
2018$4,307,491.512.94%
2019$4,397,929.652.10%
2020$4,425,199.010.62%
2021$4,647,945.085.03%
2022$5,058,142.558.83%
2023$5,324,622.035.27%
2024$5,498,062.333.26%*

* 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 1985 * 1985 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 108.033 in the year 1985 and 296.987 in 2024:

296.987 / 108.033 * $2,000,000 = $5,498,062.33

Therefore, according to U.S. Bureau of Labor Statistics, $2,000,000 in 1985 has the same "purchasing power" as $5,498,062.33 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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