Dallas, Texas prices: $1,100,000 in 1970 $8,727,133.57 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($1,100,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $7,627,133.57 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, $1,100,000 in Dallas in the year 1970 would cost $8,727,133.57 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.93% 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 $1,100,000.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $1,100,000 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$1,100,000.006.22%
1971$1,133,793.413.07%
1972$1,166,852.182.92%
1973$1,227,337.495.18%
1974$1,349,042.749.92%
1975$1,473,686.559.24%
1976$1,563,557.446.10%
1977$1,678,650.937.36%
1978$1,809,906.507.82%
1979$2,034,706.1412.42%
1980$2,379,496.8816.95%
1981$2,658,904.7211.74%
1982$2,819,545.866.04%
1983$2,922,640.253.66%
1984$3,060,017.814.70%
1985$3,174,621.553.75%
1986$3,230,209.261.75%
1987$3,310,774.712.49%
1988$3,407,012.472.91%
1989$3,508,882.462.99%
1990$3,667,564.564.52%
1991$3,839,225.294.68%
1992$3,932,279.612.42%
1993$4,030,721.282.50%
1994$4,144,590.382.83%
1995$4,252,582.372.61%
1996$4,368,900.272.74%
1997$4,446,772.041.78%
1998$4,509,706.141.42%
1999$4,637,043.632.82%
2000$4,831,967.944.20%
2001$5,002,404.273.53%
2002$5,070,480.851.36%
2003$5,177,248.442.11%
2004$5,246,304.541.33%
2005$5,415,761.353.23%
2006$5,584,728.413.12%
2007$5,668,589.941.50%
2008$5,927,947.024.58%
2009$5,888,849.51-0.66%
2010$5,923,509.800.59%
2011$6,102,894.033.03%
2012$6,230,956.372.10%
2013$6,343,992.881.81%
2014$6,419,313.001.19%
2015$6,387,233.75-0.50%
2016$6,476,810.771.40%
2017$6,641,869.552.55%
2018$6,837,327.692.94%
2019$6,980,881.122.10%
2020$7,024,166.070.62%
2021$7,377,733.305.03%
2022$8,028,844.178.83%
2023$8,451,829.925.27%
2024$8,727,133.573.26%*

* 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 * $1,100,000 = $8,727,133.57

Therefore, according to U.S. Bureau of Labor Statistics, $1,100,000 in 1970 has the same "purchasing power" as $8,727,133.57 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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