Dallas, Texas prices: $2,898,000 in 1965 $28,833,109.75 in 2024

Inflation in Texas

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Prices in Dallas, 1965-2024 ($2,898,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 894.93% higher in 2024 versus 1965 (a $25,935,109.75 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, $2,898,000 in Dallas in the year 1965 would cost $28,833,109.75 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.96% 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
Hospital services · Film and photographic supplies · Bananas · Wireless telephone services · More

Buying power of $2,898,000.00 since 1965

Below are calculations of equivalent buying power in Dallas, over time, for $2,898,000 beginning in 1965. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1965$2,898,000.001.07%
1966$2,998,321.613.46%
1967$3,090,552.763.08%
1968$3,218,381.914.14%
1969$3,421,452.266.31%
1970$3,634,231.166.22%
1971$3,745,879.403.07%
1972$3,855,100.502.92%
1973$4,054,934.675.18%
1974$4,457,030.159.92%
1975$4,868,834.179.24%
1976$5,165,753.776.10%
1977$5,546,005.037.36%
1978$5,979,653.277.82%
1979$6,722,356.7812.42%
1980$7,861,492.4616.95%
1981$8,784,613.0711.74%
1982$9,315,346.736.04%
1983$9,655,954.773.66%
1984$10,109,829.154.70%
1985$10,488,462.313.75%
1986$10,672,115.581.75%
1987$10,938,291.462.49%
1988$11,256,246.232.91%
1989$11,592,809.052.99%
1990$12,117,070.354.52%
1991$12,684,211.064.68%
1992$12,991,648.242.42%
1993$13,316,884.422.50%
1994$13,693,090.452.83%
1995$14,049,879.402.61%
1996$14,434,175.882.74%
1997$14,691,452.261.78%
1998$14,899,376.881.42%
1999$15,320,080.402.82%
2000$15,964,080.404.20%
2001$16,527,175.883.53%
2002$16,752,090.451.36%
2003$17,104,834.172.11%
2004$17,332,984.921.33%
2005$17,892,844.223.23%
2006$18,451,085.433.12%
2007$18,728,151.061.50%
2008$19,585,027.044.58%
2009$19,455,854.87-0.66%
2010$19,570,367.140.59%
2011$20,163,025.133.03%
2012$20,586,123.422.10%
2013$20,959,578.691.81%
2014$21,208,424.821.19%
2015$21,102,439.90-0.50%
2016$21,398,388.641.40%
2017$21,943,717.492.55%
2018$22,589,481.212.94%
2019$23,063,759.702.10%
2020$23,206,766.530.62%
2021$24,374,898.395.03%
2022$26,526,068.748.83%
2023$27,923,548.745.27%
2024$28,833,109.753.26%*

* 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 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 * $2,898,000 = $28,833,109.75

Therefore, according to U.S. Bureau of Labor Statistics, $2,898,000 in 1965 has the same "purchasing power" as $28,833,109.75 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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