Dallas, Texas prices: $120,000 in 1970 $952,050.93 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($120,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $832,050.93 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, $120,000 in Dallas in the year 1970 would cost $952,050.93 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 $120,000.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $120,000 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$120,000.006.22%
1971$123,686.553.07%
1972$127,292.972.92%
1973$133,891.365.18%
1974$147,168.309.92%
1975$160,765.819.24%
1976$170,569.906.10%
1977$183,125.567.36%
1978$197,444.357.82%
1979$221,967.9412.42%
1980$259,581.4816.95%
1981$290,062.3311.74%
1982$307,586.826.04%
1983$318,833.483.66%
1984$333,820.124.70%
1985$346,322.353.75%
1986$352,386.461.75%
1987$361,175.422.49%
1988$371,674.092.91%
1989$382,787.182.99%
1990$400,097.954.52%
1991$418,824.584.68%
1992$428,975.962.42%
1993$439,715.052.50%
1994$452,137.132.83%
1995$463,918.082.61%
1996$476,607.302.74%
1997$485,102.401.78%
1998$491,967.941.42%
1999$505,859.312.82%
2000$527,123.784.20%
2001$545,716.833.53%
2002$553,143.371.36%
2003$564,790.742.11%
2004$572,324.131.33%
2005$590,810.333.23%
2006$609,243.103.12%
2007$618,391.631.50%
2008$646,685.134.58%
2009$642,419.95-0.66%
2010$646,201.070.59%
2011$665,770.263.03%
2012$679,740.692.10%
2013$692,071.951.81%
2014$700,288.691.19%
2015$696,789.14-0.50%
2016$706,561.181.40%
2017$724,567.592.55%
2018$745,890.292.94%
2019$761,550.672.10%
2020$766,272.660.62%
2021$804,843.635.03%
2022$875,873.918.83%
2023$922,017.815.27%
2024$952,050.933.26%*

* 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 * $120,000 = $952,050.93

Therefore, according to U.S. Bureau of Labor Statistics, $120,000 in 1970 has the same "purchasing power" as $952,050.93 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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