Dallas, Texas prices: $21,000,000 in 1985 $57,975,045.36 in 2024

Inflation in Texas

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Prices in Dallas, 1985-2024 ($21,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 176.07% higher in 2024 versus 1985 (a $36,975,045.36 difference in value).

Between 1985 and 2024: Dallas experienced an average inflation rate of 2.64% per year. This rate of change indicates significant inflation. In other words, $21,000,000 in Dallas in the year 1985 would cost $57,975,045.36 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.77% 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 $21,000,000.00 since 1985

Below are calculations of equivalent buying power in Dallas, over time, for $21,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$21,000,000.003.75%
1986$21,367,710.581.75%
1987$21,900,647.952.49%
1988$22,537,257.022.91%
1989$23,211,123.112.99%
1990$24,260,799.144.52%
1991$25,396,328.294.68%
1992$26,011,879.052.42%
1993$26,663,066.952.50%
1994$27,416,306.702.83%
1995$28,130,669.552.61%
1996$28,900,107.992.74%
1997$29,415,226.781.78%
1998$29,831,533.481.42%
1999$30,673,866.092.82%
2000$31,963,282.944.20%
2001$33,090,712.743.53%
2002$33,541,036.721.36%
2003$34,247,300.222.11%
2004$34,704,103.671.33%
2005$35,825,054.003.23%
2006$36,942,764.583.12%
2007$37,497,505.401.50%
2008$39,213,142.554.58%
2009$38,954,514.04-0.66%
2010$39,183,790.500.59%
2011$40,370,410.373.03%
2012$41,217,537.802.10%
2013$41,965,269.981.81%
2014$42,463,509.721.19%
2015$42,251,306.70-0.50%
2016$42,843,855.291.40%
2017$43,935,712.742.55%
2018$45,228,660.912.94%
2019$46,178,261.342.10%
2020$46,464,589.630.62%
2021$48,803,423.335.03%
2022$53,110,496.768.83%
2023$55,908,531.325.27%
2024$57,975,045.363.70%*

* 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
CPI29.50029.53329.85030.88331.83333.15035.24237.43338.58339.70841.76745.90850.15053.20857.12561.59269.24280.97590.48395.95099.458104.133108.033109.925112.667115.942119.408124.808130.650133.817137.167141.042144.717148.675151.325153.467157.800164.433170.233172.550176.183178.533184.300190.050192.904201.730200.399201.579207.683212.041215.888218.451217.359220.408226.025232.676237.561239.035251.066273.224287.618298.249

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 298.249 in 2024:

298.249 / 108.033 * $21,000,000 = $57,975,045.36

Therefore, according to U.S. Bureau of Labor Statistics, $21,000,000 in 1985 has the same "purchasing power" as $57,975,045.36 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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