Dallas, Texas prices: $11,000,000 in 1970 $87,271,335.71 in 2024

Inflation in Texas

$

Prices in Dallas, 1970-2024 ($11,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $76,271,335.71 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, $11,000,000 in Dallas in the year 1970 would cost $87,271,335.71 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
Educational books and supplies · Airline fares · Dallas-Fort Worth, Texas · Televisions · More

Buying power of $11,000,000.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $11,000,000 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$11,000,000.006.22%
1971$11,337,934.113.07%
1972$11,668,521.822.92%
1973$12,273,374.895.18%
1974$13,490,427.439.92%
1975$14,736,865.549.24%
1976$15,635,574.356.10%
1977$16,786,509.357.36%
1978$18,099,065.007.82%
1979$20,347,061.4412.42%
1980$23,794,968.8316.95%
1981$26,589,047.2011.74%
1982$28,195,458.596.04%
1983$29,226,402.493.66%
1984$30,600,178.094.70%
1985$31,746,215.493.75%
1986$32,302,092.611.75%
1987$33,107,747.112.49%
1988$34,070,124.672.91%
1989$35,088,824.582.99%
1990$36,675,645.594.52%
1991$38,392,252.894.68%
1992$39,322,796.082.42%
1993$40,307,212.822.50%
1994$41,445,903.832.83%
1995$42,525,823.692.61%
1996$43,689,002.672.74%
1997$44,467,720.391.78%
1998$45,097,061.441.42%
1999$46,370,436.332.82%
2000$48,319,679.434.20%
2001$50,024,042.743.53%
2002$50,704,808.551.36%
2003$51,772,484.422.11%
2004$52,463,045.411.33%
2005$54,157,613.543.23%
2006$55,847,284.063.12%
2007$56,685,899.381.50%
2008$59,279,470.174.58%
2009$58,888,495.10-0.66%
2010$59,235,097.950.59%
2011$61,028,940.343.03%
2012$62,309,563.672.10%
2013$63,439,928.761.81%
2014$64,193,130.011.19%
2015$63,872,337.49-0.50%
2016$64,768,107.751.40%
2017$66,418,695.462.55%
2018$68,373,276.942.94%
2019$69,808,811.222.10%
2020$70,241,660.730.62%
2021$73,777,333.045.03%
2022$80,288,441.678.83%
2023$84,518,299.205.27%
2024$87,271,335.713.26%*

* 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 * $11,000,000 = $87,271,335.71

Therefore, according to U.S. Bureau of Labor Statistics, $11,000,000 in 1970 has the same "purchasing power" as $87,271,335.71 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.

» Read more about inflation and investment.