Dallas, Texas prices: $1,000,000 in 1968 $8,958,883.86 in 2024

Inflation in Texas

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Prices in Dallas, 1968-2024 ($1,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 795.89% higher in 2024 versus 1968 (a $7,958,883.86 difference in value).

Between 1968 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 1968 would cost $8,958,883.86 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.99% during this same period, inflation in Dallas was higher.

In the year 1968: Pricing changed by 4.14%, which is above the average yearly change in Dallas during the 1968-2024 time period. Compared to inflation for all items in 1968 (4.27%), 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
Dallas-Fort Worth, Texas · Detroit, Michigan · New trucks · Film and photographic supplies · More

Buying power of $1,000,000.00 since 1968

Below are calculations of equivalent buying power in Dallas, over time, for $1,000,000 beginning in 1968. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1968$1,000,000.004.14%
1969$1,063,097.036.31%
1970$1,129,210.666.22%
1971$1,163,901.463.07%
1972$1,197,838.112.92%
1973$1,259,929.615.18%
1974$1,384,866.779.92%
1975$1,512,820.519.24%
1976$1,605,077.936.10%
1977$1,723,227.757.36%
1978$1,857,968.837.82%
1979$2,088,738.0612.42%
1980$2,442,684.7716.95%
1981$2,729,512.3211.74%
1982$2,894,419.316.04%
1983$3,000,251.383.66%
1984$3,141,277.024.70%
1985$3,258,924.083.75%
1986$3,315,987.931.75%
1987$3,398,692.812.49%
1988$3,497,486.172.91%
1989$3,602,061.342.99%
1990$3,764,957.264.52%
1991$3,941,176.474.68%
1992$4,036,701.862.42%
1993$4,137,757.672.50%
1994$4,254,650.582.83%
1995$4,365,510.312.61%
1996$4,484,917.042.74%
1997$4,564,856.711.78%
1998$4,629,462.041.42%
1999$4,760,181.002.82%
2000$4,960,281.554.20%
2001$5,135,243.843.53%
2002$5,205,128.211.36%
2003$5,314,731.022.11%
2004$5,385,620.921.33%
2005$5,559,577.683.23%
2006$5,733,031.673.12%
2007$5,819,120.161.50%
2008$6,085,364.504.58%
2009$6,045,228.76-0.66%
2010$6,080,809.450.59%
2011$6,264,957.263.03%
2012$6,396,420.312.10%
2013$6,512,458.521.81%
2014$6,589,778.781.19%
2015$6,556,847.66-0.50%
2016$6,648,803.421.40%
2017$6,818,245.352.55%
2018$7,018,893.922.94%
2019$7,166,259.432.10%
2020$7,210,693.820.62%
2021$7,573,650.085.03%
2022$8,242,051.288.83%
2023$8,676,269.485.27%
2024$8,958,883.863.26%*

* 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 1968 * 1968 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 33.150 in the year 1968 and 296.987 in 2024:

296.987 / 33.150 * $1,000,000 = $8,958,883.86

Therefore, according to U.S. Bureau of Labor Statistics, $1,000,000 in 1968 has the same "purchasing power" as $8,958,883.86 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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