Dallas, Texas prices: $650,000 in 1965 $6,467,053.60 in 2024

Inflation in Texas

$

Prices in Dallas, 1965-2024 ($650,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 894.93% higher in 2024 versus 1965 (a $5,817,053.60 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, $650,000 in Dallas in the year 1965 would cost $6,467,053.60 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
Wine at home · Atlanta, Georgia · Admission to sporting events · Airline fares · More

Buying power of $650,000.00 since 1965

Below are calculations of equivalent buying power in Dallas, over time, for $650,000 beginning in 1965. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1965$650,000.001.07%
1966$672,501.403.46%
1967$693,188.163.08%
1968$721,859.304.14%
1969$767,406.486.31%
1970$815,131.216.22%
1971$840,173.093.07%
1972$864,670.582.92%
1973$909,491.905.18%
1974$999,678.959.92%
1975$1,092,043.559.24%
1976$1,158,640.426.10%
1977$1,243,927.977.36%
1978$1,341,192.077.82%
1979$1,507,774.9912.42%
1980$1,763,274.7116.95%
1981$1,970,323.8411.74%
1982$2,089,363.486.04%
1983$2,165,759.353.66%
1984$2,267,560.024.70%
1985$2,352,484.653.75%
1986$2,393,676.721.75%
1987$2,453,378.002.49%
1988$2,524,692.912.91%
1989$2,600,181.462.99%
1990$2,717,769.404.52%
1991$2,844,974.874.68%
1992$2,913,930.762.42%
1993$2,986,878.842.50%
1994$3,071,259.072.83%
1995$3,151,284.202.61%
1996$3,237,479.062.74%
1997$3,295,184.251.78%
1998$3,341,820.211.42%
1999$3,436,180.902.82%
2000$3,580,625.354.20%
2001$3,706,923.513.53%
2002$3,757,370.181.36%
2003$3,836,488.002.11%
2004$3,887,660.521.33%
2005$4,013,232.833.23%
2006$4,138,442.213.12%
2007$4,200,585.991.50%
2008$4,392,776.944.58%
2009$4,363,804.58-0.66%
2010$4,389,488.830.59%
2011$4,522,417.643.03%
2012$4,617,315.472.10%
2013$4,701,078.731.81%
2014$4,756,893.081.19%
2015$4,733,121.44-0.50%
2016$4,799,500.561.40%
2017$4,921,813.792.55%
2018$5,066,653.822.94%
2019$5,173,030.992.10%
2020$5,205,106.370.62%
2021$5,467,109.725.03%
2022$5,949,601.348.83%
2023$6,263,045.785.27%
2024$6,467,053.603.26%*

* 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 * $650,000 = $6,467,053.60

Therefore, according to U.S. Bureau of Labor Statistics, $650,000 in 1965 has the same "purchasing power" as $6,467,053.60 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.