Dallas, Texas prices: $3,000,000 in 1965 $29,847,939.70 in 2024

Inflation in Texas

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Prices in Dallas, 1965-2024 ($3,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 894.93% higher in 2024 versus 1965 (a $26,847,939.70 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, $3,000,000 in Dallas in the year 1965 would cost $29,847,939.70 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 $3,000,000.00 since 1965

Below are calculations of equivalent buying power in Dallas, over time, for $3,000,000 beginning in 1965. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1965$3,000,000.001.07%
1966$3,103,852.603.46%
1967$3,199,329.983.08%
1968$3,331,658.294.14%
1969$3,541,876.056.31%
1970$3,762,144.056.22%
1971$3,877,721.943.07%
1972$3,990,787.272.92%
1973$4,197,654.945.18%
1974$4,613,902.859.92%
1975$5,040,201.019.24%
1976$5,347,571.196.10%
1977$5,741,206.037.36%
1978$6,190,117.257.82%
1979$6,958,961.4712.42%
1980$8,138,190.9516.95%
1981$9,093,802.3511.74%
1982$9,643,216.086.04%
1983$9,995,812.403.66%
1984$10,465,661.644.70%
1985$10,857,621.443.75%
1986$11,047,738.691.75%
1987$11,323,283.082.49%
1988$11,652,428.812.91%
1989$12,000,837.522.99%
1990$12,543,551.094.52%
1991$13,130,653.274.68%
1992$13,448,911.222.42%
1993$13,785,594.642.50%
1994$14,175,041.882.83%
1995$14,544,388.612.61%
1996$14,942,211.062.74%
1997$15,208,542.711.78%
1998$15,423,785.591.42%
1999$15,859,296.482.82%
2000$16,525,963.154.20%
2001$17,108,877.723.53%
2002$17,341,708.541.36%
2003$17,706,867.672.11%
2004$17,943,048.581.33%
2005$18,522,613.073.23%
2006$19,100,502.513.12%
2007$19,387,319.931.50%
2008$20,274,355.114.58%
2009$20,140,636.52-0.66%
2010$20,259,179.230.59%
2011$20,872,696.823.03%
2012$21,310,686.772.10%
2013$21,697,286.431.81%
2014$21,954,891.121.19%
2015$21,845,175.88-0.50%
2016$22,151,541.041.40%
2017$22,716,063.652.55%
2018$23,384,556.112.94%
2019$23,875,527.642.10%
2020$24,023,567.840.62%
2021$25,232,814.075.03%
2022$27,459,698.498.83%
2023$28,906,365.165.27%
2024$29,847,939.703.26%*

* 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 * $3,000,000 = $29,847,939.70

Therefore, according to U.S. Bureau of Labor Statistics, $3,000,000 in 1965 has the same "purchasing power" as $29,847,939.70 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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