Dallas, Texas prices: $705 in 1965 $7,014.27 in 2024

Inflation in Texas

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Prices in Dallas, 1965-2024 ($705)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 894.93% higher in 2024 versus 1965 (a $6,309.27 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, $705 in Dallas in the year 1965 would cost $7,014.27 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
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Buying power of $705.00 since 1965

Below are calculations of equivalent buying power in Dallas, over time, for $705 beginning in 1965. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1965$705.001.07%
1966$729.413.46%
1967$751.843.08%
1968$782.944.14%
1969$832.346.31%
1970$884.106.22%
1971$911.263.07%
1972$937.842.92%
1973$986.455.18%
1974$1,084.279.92%
1975$1,184.459.24%
1976$1,256.686.10%
1977$1,349.187.36%
1978$1,454.687.82%
1979$1,635.3612.42%
1980$1,912.4716.95%
1981$2,137.0411.74%
1982$2,266.166.04%
1983$2,349.023.66%
1984$2,459.434.70%
1985$2,551.543.75%
1986$2,596.221.75%
1987$2,660.972.49%
1988$2,738.322.91%
1989$2,820.202.99%
1990$2,947.734.52%
1991$3,085.704.68%
1992$3,160.492.42%
1993$3,239.612.50%
1994$3,331.132.83%
1995$3,417.932.61%
1996$3,511.422.74%
1997$3,574.011.78%
1998$3,624.591.42%
1999$3,726.932.82%
2000$3,883.604.20%
2001$4,020.593.53%
2002$4,075.301.36%
2003$4,161.112.11%
2004$4,216.621.33%
2005$4,352.813.23%
2006$4,488.623.12%
2007$4,556.021.50%
2008$4,764.474.58%
2009$4,733.05-0.66%
2010$4,760.910.59%
2011$4,905.083.03%
2012$5,008.012.10%
2013$5,098.861.81%
2014$5,159.401.19%
2015$5,133.62-0.50%
2016$5,205.611.40%
2017$5,338.272.55%
2018$5,495.372.94%
2019$5,610.752.10%
2020$5,645.540.62%
2021$5,929.715.03%
2022$6,453.038.83%
2023$6,793.005.27%
2024$7,014.273.26%*

* 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 * $705 = $7,014.27

Therefore, according to U.S. Bureau of Labor Statistics, $705 in 1965 has the same "purchasing power" as $7,014.27 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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