Dallas, Texas prices: $40,000 in 1965 $397,972.53 in 2024

Inflation in Texas

$

Prices in Dallas, 1965-2024 ($40,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 894.93% higher in 2024 versus 1965 (a $357,972.53 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, $40,000 in Dallas in the year 1965 would cost $397,972.53 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
Wireless telephone services · San Francisco, California · St Louis, Missouri · Electricity · More

Buying power of $40,000.00 since 1965

Below are calculations of equivalent buying power in Dallas, over time, for $40,000 beginning in 1965. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1965$40,000.001.07%
1966$41,384.703.46%
1967$42,657.733.08%
1968$44,422.114.14%
1969$47,225.016.31%
1970$50,161.926.22%
1971$51,702.963.07%
1972$53,210.502.92%
1973$55,968.735.18%
1974$61,518.709.92%
1975$67,202.689.24%
1976$71,300.956.10%
1977$76,549.417.36%
1978$82,534.907.82%
1979$92,786.1512.42%
1980$108,509.2116.95%
1981$121,250.7011.74%
1982$128,576.216.04%
1983$133,277.503.66%
1984$139,542.164.70%
1985$144,768.293.75%
1986$147,303.181.75%
1987$150,977.112.49%
1988$155,365.722.91%
1989$160,011.172.99%
1990$167,247.354.52%
1991$175,075.384.68%
1992$179,318.822.42%
1993$183,807.932.50%
1994$189,000.562.83%
1995$193,925.182.61%
1996$199,229.482.74%
1997$202,780.571.78%
1998$205,650.471.42%
1999$211,457.292.82%
2000$220,346.184.20%
2001$228,118.373.53%
2002$231,222.781.36%
2003$236,091.572.11%
2004$239,240.651.33%
2005$246,968.173.23%
2006$254,673.373.12%
2007$258,497.601.50%
2008$270,324.734.58%
2009$268,541.82-0.66%
2010$270,122.390.59%
2011$278,302.623.03%
2012$284,142.492.10%
2013$289,297.151.81%
2014$292,731.881.19%
2015$291,269.01-0.50%
2016$295,353.881.40%
2017$302,880.852.55%
2018$311,794.082.94%
2019$318,340.372.10%
2020$320,314.240.62%
2021$336,437.525.03%
2022$366,129.318.83%
2023$385,418.205.27%
2024$397,972.533.26%*

* 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 * $40,000 = $397,972.53

Therefore, according to U.S. Bureau of Labor Statistics, $40,000 in 1965 has the same "purchasing power" as $397,972.53 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.

» Read more about inflation and investment.