Dallas, Texas prices: $1,000,000 in 1970 $7,933,757.79 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($1,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $6,933,757.79 difference in value).

Between 1970 and 2024: Dallas experienced an average inflation rate of 3.91% per year. This rate of change indicates significant inflation. In other words, $1,000,000 in Dallas in the year 1970 would cost $7,933,757.79 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.92% during this same period, inflation in Dallas was lower.

In the year 1970: Pricing changed by 6.22%, which is above the average yearly change in Dallas during the 1970-2024 time period. Compared to inflation for all items in 1970 (5.83%), 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 1970

Below are calculations of equivalent buying power in Dallas, over time, for $1,000,000 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$1,000,000.006.22%
1971$1,030,721.283.07%
1972$1,060,774.712.92%
1973$1,115,761.355.18%
1974$1,226,402.499.92%
1975$1,339,715.059.24%
1976$1,421,415.856.10%
1977$1,526,046.307.36%
1978$1,645,369.557.82%
1979$1,849,732.8612.42%
1980$2,163,178.9816.95%
1981$2,417,186.1111.74%
1982$2,563,223.516.04%
1983$2,656,945.683.66%
1984$2,781,834.374.70%
1985$2,886,019.593.75%
1986$2,936,553.871.75%
1987$3,009,795.192.49%
1988$3,097,284.062.91%
1989$3,189,893.142.99%
1990$3,334,149.604.52%
1991$3,490,204.814.68%
1992$3,574,799.642.42%
1993$3,664,292.072.50%
1994$3,767,809.442.83%
1995$3,865,983.972.61%
1996$3,971,727.522.74%
1997$4,042,520.041.78%
1998$4,099,732.861.42%
1999$4,215,494.212.82%
2000$4,392,698.134.20%
2001$4,547,640.253.53%
2002$4,609,528.051.36%
2003$4,706,589.492.11%
2004$4,769,367.761.33%
2005$4,923,419.413.23%
2006$5,077,025.823.12%
2007$5,153,263.581.50%
2008$5,389,042.744.58%
2009$5,353,499.55-0.66%
2010$5,385,008.900.59%
2011$5,548,085.493.03%
2012$5,664,505.792.10%
2013$5,767,266.251.81%
2014$5,835,739.091.19%
2015$5,806,576.14-0.50%
2016$5,888,009.801.40%
2017$6,038,063.222.55%
2018$6,215,752.452.94%
2019$6,346,255.572.10%
2020$6,385,605.520.62%
2021$6,707,030.285.03%
2022$7,298,949.248.83%
2023$7,683,481.755.27%
2024$7,933,757.793.26%*

* 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 1970 * 1970 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 37.433 in the year 1970 and 296.987 in 2024:

296.987 / 37.433 * $1,000,000 = $7,933,757.79

Therefore, according to U.S. Bureau of Labor Statistics, $1,000,000 in 1970 has the same "purchasing power" as $7,933,757.79 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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