Dallas, Texas prices: $2,000,000 in 1965 $19,898,626.47 in 2024

Inflation in Texas

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Prices in Dallas, 1965-2024 ($2,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 894.93% higher in 2024 versus 1965 (a $17,898,626.47 difference in value).

Between 1965 and 2024: Dallas experienced an average inflation rate of 3.97% per year. This rate of change indicates significant inflation. In other words, $2,000,000 in Dallas in the year 1965 would cost $19,898,626.47 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.95% during this same period, inflation in Dallas was higher.

In the year 1965: Pricing changed by 1.07%, which is below the average yearly change in Dallas during the 1965-2024 time period. Compared to inflation for all items in 1965 (1.59%), inflation in Dallas was lower.

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 1965

Below are calculations of equivalent buying power in Dallas, over time, for $2,000,000 beginning in 1965. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1965$2,000,000.001.07%
1966$2,069,235.063.46%
1967$2,132,886.663.08%
1968$2,221,105.534.14%
1969$2,361,250.706.31%
1970$2,508,096.046.22%
1971$2,585,147.963.07%
1972$2,660,524.852.92%
1973$2,798,436.635.18%
1974$3,075,935.239.92%
1975$3,360,134.009.24%
1976$3,565,047.466.10%
1977$3,827,470.697.36%
1978$4,126,744.847.82%
1979$4,639,307.6512.42%
1980$5,425,460.6416.95%
1981$6,062,534.9011.74%
1982$6,428,810.726.04%
1983$6,663,874.933.66%
1984$6,977,107.764.70%
1985$7,238,414.293.75%
1986$7,365,159.131.75%
1987$7,548,855.392.49%
1988$7,768,285.872.91%
1989$8,000,558.352.99%
1990$8,362,367.394.52%
1991$8,753,768.844.68%
1992$8,965,940.822.42%
1993$9,190,396.432.50%
1994$9,450,027.922.83%
1995$9,696,259.072.61%
1996$9,961,474.042.74%
1997$10,139,028.481.78%
1998$10,282,523.731.42%
1999$10,572,864.322.82%
2000$11,017,308.774.20%
2001$11,405,918.483.53%
2002$11,561,139.031.36%
2003$11,804,578.452.11%
2004$11,962,032.381.33%
2005$12,348,408.713.23%
2006$12,733,668.343.12%
2007$12,924,879.961.50%
2008$13,516,236.744.58%
2009$13,427,091.01-0.66%
2010$13,506,119.490.59%
2011$13,915,131.213.03%
2012$14,207,124.512.10%
2013$14,464,857.621.81%
2014$14,636,594.081.19%
2015$14,563,450.59-0.50%
2016$14,767,694.031.40%
2017$15,144,042.432.55%
2018$15,589,704.082.94%
2019$15,917,018.432.10%
2020$16,015,711.890.62%
2021$16,821,876.055.03%
2022$18,306,465.668.83%
2023$19,270,910.115.27%
2024$19,898,626.473.26%*

* 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 1965 * 1965 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 29.850 in the year 1965 and 296.987 in 2024:

296.987 / 29.850 * $2,000,000 = $19,898,626.47

Therefore, according to U.S. Bureau of Labor Statistics, $2,000,000 in 1965 has the same "purchasing power" as $19,898,626.47 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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