Dallas, Texas prices: $8,000 in 1968 $71,671.07 in 2024

Inflation in Texas

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Prices in Dallas, 1968-2024 ($8,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 795.89% higher in 2024 versus 1968 (a $63,671.07 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, $8,000 in Dallas in the year 1968 would cost $71,671.07 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
Philadelphia, Pennsylvania · San Francisco, California · Fresh fruits · Juices and nonalcoholic drinks · More

Buying power of $8,000.00 since 1968

Below are calculations of equivalent buying power in Dallas, over time, for $8,000 beginning in 1968. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1968$8,000.004.14%
1969$8,504.786.31%
1970$9,033.696.22%
1971$9,311.213.07%
1972$9,582.702.92%
1973$10,079.445.18%
1974$11,078.939.92%
1975$12,102.569.24%
1976$12,840.626.10%
1977$13,785.827.36%
1978$14,863.757.82%
1979$16,709.9012.42%
1980$19,541.4816.95%
1981$21,836.1011.74%
1982$23,155.356.04%
1983$24,002.013.66%
1984$25,130.224.70%
1985$26,071.393.75%
1986$26,527.901.75%
1987$27,189.542.49%
1988$27,979.892.91%
1989$28,816.492.99%
1990$30,119.664.52%
1991$31,529.414.68%
1992$32,293.612.42%
1993$33,102.062.50%
1994$34,037.202.83%
1995$34,924.082.61%
1996$35,879.342.74%
1997$36,518.851.78%
1998$37,035.701.42%
1999$38,081.452.82%
2000$39,682.254.20%
2001$41,081.953.53%
2002$41,641.031.36%
2003$42,517.852.11%
2004$43,084.971.33%
2005$44,476.623.23%
2006$45,864.253.12%
2007$46,552.961.50%
2008$48,682.924.58%
2009$48,361.83-0.66%
2010$48,646.480.59%
2011$50,119.663.03%
2012$51,171.362.10%
2013$52,099.671.81%
2014$52,718.231.19%
2015$52,454.78-0.50%
2016$53,190.431.40%
2017$54,545.962.55%
2018$56,151.152.94%
2019$57,330.082.10%
2020$57,685.550.62%
2021$60,589.205.03%
2022$65,936.418.83%
2023$69,410.165.27%
2024$71,671.073.26%*

* 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 * $8,000 = $71,671.07

Therefore, according to U.S. Bureau of Labor Statistics, $8,000 in 1968 has the same "purchasing power" as $71,671.07 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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