Dallas, Texas prices: $1,000,000 in 1967 $9,302,230.37 in 2024

Inflation in Texas

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Prices in Dallas, 1967-2024 ($1,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 830.22% higher in 2024 versus 1967 (a $8,302,230.37 difference in value).

Between 1967 and 2024: Dallas experienced an average inflation rate of 3.99% per year. This rate of change indicates significant inflation. In other words, $1,000,000 in Dallas in the year 1967 would cost $9,302,230.37 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.98% during this same period, inflation in Dallas was higher.

In the year 1967: Pricing changed by 3.08%, which is below the average yearly change in Dallas during the 1967-2024 time period. Compared to inflation for all items in 1967 (2.80%), 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
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Buying power of $1,000,000.00 since 1967

Below are calculations of equivalent buying power in Dallas, over time, for $1,000,000 beginning in 1967. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1967$1,000,000.003.08%
1968$1,041,361.264.14%
1969$1,107,068.066.31%
1970$1,175,916.236.22%
1971$1,212,041.883.07%
1972$1,247,382.202.92%
1973$1,312,041.885.18%
1974$1,442,146.609.92%
1975$1,575,392.679.24%
1976$1,671,465.976.10%
1977$1,794,502.627.36%
1978$1,934,816.757.82%
1979$2,175,130.8912.42%
1980$2,543,717.2816.95%
1981$2,842,408.3811.74%
1982$3,014,136.136.04%
1983$3,124,345.553.66%
1984$3,271,204.194.70%
1985$3,393,717.283.75%
1986$3,453,141.361.75%
1987$3,539,267.022.49%
1988$3,642,146.602.91%
1989$3,751,047.122.99%
1990$3,920,680.634.52%
1991$4,104,188.484.68%
1992$4,203,664.922.42%
1993$4,308,900.522.50%
1994$4,430,628.272.83%
1995$4,546,073.302.61%
1996$4,670,418.852.74%
1997$4,753,664.921.78%
1998$4,820,942.411.42%
1999$4,957,068.062.82%
2000$5,165,445.034.20%
2001$5,347,643.983.53%
2002$5,420,418.851.36%
2003$5,534,554.972.11%
2004$5,608,376.961.33%
2005$5,789,528.803.23%
2006$5,970,157.073.12%
2007$6,059,806.281.50%
2008$6,337,062.834.58%
2009$6,295,267.02-0.66%
2010$6,332,319.370.59%
2011$6,524,083.773.03%
2012$6,660,984.292.10%
2013$6,781,821.991.81%
2014$6,862,340.311.19%
2015$6,828,047.12-0.50%
2016$6,923,806.281.40%
2017$7,100,256.542.55%
2018$7,309,204.192.94%
2019$7,462,664.922.10%
2020$7,508,937.170.62%
2021$7,886,905.765.03%
2022$8,582,952.888.83%
2023$9,035,130.895.27%
2024$9,302,230.372.96%*

* 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
CPI29.50029.53329.85030.88331.83333.15035.24237.43338.58339.70841.76745.90850.15053.20857.12561.59269.24280.97590.48395.95099.458104.133108.033109.925112.667115.942119.408124.808130.650133.817137.167141.042144.717148.675151.325153.467157.800164.433170.233172.550176.183178.533184.300190.050192.904201.730200.399201.579207.683212.041215.888218.451217.359220.408226.025232.676237.561239.035251.066273.224287.618296.121

Adjust Dallas prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1967 * 1967 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 31.833 in the year 1967 and 296.121 in 2024:

296.121 / 31.833 * $1,000,000 = $9,302,230.37

Therefore, according to U.S. Bureau of Labor Statistics, $1,000,000 in 1967 has the same "purchasing power" as $9,302,230.37 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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