Dallas, Texas prices: $500 in 1966 $4,808.21 in 2024

Inflation in Texas

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Prices in Dallas, 1966-2024 ($500)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 861.64% higher in 2024 versus 1966 (a $4,308.21 difference in value).

Between 1966 and 2024: Dallas experienced an average inflation rate of 3.98% per year. This rate of change indicates significant inflation. In other words, $500 in Dallas in the year 1966 would cost $4,808.21 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.97% during this same period, inflation in Dallas was higher.

In the year 1966: Pricing changed by 3.46%, which is below the average yearly change in Dallas during the 1966-2024 time period. Compared to inflation for all items in 1966 (3%), inflation in Dallas was higher.

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 · Women's apparel · Alcoholic beverages · Rent of primary residence · More

Buying power of $500.00 since 1966

Below are calculations of equivalent buying power in Dallas, over time, for $500 beginning in 1966. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1966$500.003.46%
1967$515.383.08%
1968$536.704.14%
1969$570.566.31%
1970$606.046.22%
1971$624.663.07%
1972$642.882.92%
1973$676.205.18%
1974$743.259.92%
1975$811.939.24%
1976$861.446.10%
1977$924.857.36%
1978$997.177.82%
1979$1,121.0212.42%
1980$1,310.9816.95%
1981$1,464.9211.74%
1982$1,553.436.04%
1983$1,610.233.66%
1984$1,685.914.70%
1985$1,749.063.75%
1986$1,779.681.75%
1987$1,824.072.49%
1988$1,877.092.91%
1989$1,933.222.99%
1990$2,020.644.52%
1991$2,115.224.68%
1992$2,166.492.42%
1993$2,220.722.50%
1994$2,283.462.83%
1995$2,342.962.61%
1996$2,407.042.74%
1997$2,449.951.78%
1998$2,484.621.42%
1999$2,554.782.82%
2000$2,662.174.20%
2001$2,756.073.53%
2002$2,793.581.36%
2003$2,852.402.11%
2004$2,890.451.33%
2005$2,983.813.23%
2006$3,076.903.12%
2007$3,123.111.50%
2008$3,266.004.58%
2009$3,244.46-0.66%
2010$3,263.550.59%
2011$3,362.393.03%
2012$3,432.942.10%
2013$3,495.221.81%
2014$3,536.721.19%
2015$3,519.04-0.50%
2016$3,568.391.40%
2017$3,659.332.55%
2018$3,767.022.94%
2019$3,846.112.10%
2020$3,869.960.62%
2021$4,064.765.03%
2022$4,423.498.83%
2023$4,656.535.27%
2024$4,808.213.26%*

* 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 1966 * 1966 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 30.883 in the year 1966 and 296.987 in 2024:

296.987 / 30.883 * $500 = $4,808.21

Therefore, according to U.S. Bureau of Labor Statistics, $500 in 1966 has the same "purchasing power" as $4,808.21 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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