Dallas, Texas prices: $24,000 in 1985 $65,976.75 in 2024

Inflation in Texas

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Prices in Dallas, 1985-2024 ($24,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 174.90% higher in 2024 versus 1985 (a $41,976.75 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, $24,000 in Dallas in the year 1985 would cost $65,976.75 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.75% 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 $24,000.00 since 1985

Below are calculations of equivalent buying power in Dallas, over time, for $24,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$24,000.003.75%
1986$24,420.241.75%
1987$25,029.312.49%
1988$25,756.872.91%
1989$26,527.002.99%
1990$27,726.634.52%
1991$29,024.384.68%
1992$29,727.862.42%
1993$30,472.082.50%
1994$31,332.922.83%
1995$32,149.342.61%
1996$33,028.692.74%
1997$33,617.401.78%
1998$34,093.181.42%
1999$35,055.852.82%
2000$36,529.474.20%
2001$37,817.963.53%
2002$38,332.611.36%
2003$39,139.772.11%
2004$39,661.831.33%
2005$40,942.923.23%
2006$42,220.303.12%
2007$42,854.291.50%
2008$44,815.024.58%
2009$44,519.44-0.66%
2010$44,781.470.59%
2011$46,137.613.03%
2012$47,105.762.10%
2013$47,960.311.81%
2014$48,529.731.19%
2015$48,287.21-0.50%
2016$48,964.411.40%
2017$50,212.242.55%
2018$51,689.902.94%
2019$52,775.162.10%
2020$53,102.390.62%
2021$55,775.345.03%
2022$60,697.718.83%
2023$63,895.465.27%
2024$65,976.753.26%*

* 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 * $24,000 = $65,976.75

Therefore, according to U.S. Bureau of Labor Statistics, $24,000 in 1985 has the same "purchasing power" as $65,976.75 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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