Dallas, Texas prices: $12,300 in 1970 $97,585.22 in 2024

Inflation in Texas

$

Prices in Dallas, 1970-2024 ($12,300)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $85,285.22 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, $12,300 in Dallas in the year 1970 would cost $97,585.22 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
Admission to sporting events · Airline fares · Women's apparel · Electricity · More

Buying power of $12,300.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $12,300 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$12,300.006.22%
1971$12,677.873.07%
1972$13,047.532.92%
1973$13,723.865.18%
1974$15,084.759.92%
1975$16,478.509.24%
1976$17,483.416.10%
1977$18,770.377.36%
1978$20,238.057.82%
1979$22,751.7112.42%
1980$26,607.1016.95%
1981$29,731.3911.74%
1982$31,527.656.04%
1983$32,680.433.66%
1984$34,216.564.70%
1985$35,498.043.75%
1986$36,119.611.75%
1987$37,020.482.49%
1988$38,096.592.91%
1989$39,235.692.99%
1990$41,010.044.52%
1991$42,929.524.68%
1992$43,970.042.42%
1993$45,070.792.50%
1994$46,344.062.83%
1995$47,551.602.61%
1996$48,852.252.74%
1997$49,723.001.78%
1998$50,426.711.42%
1999$51,850.582.82%
2000$54,030.194.20%
2001$55,935.983.53%
2002$56,697.201.36%
2003$57,891.052.11%
2004$58,663.221.33%
2005$60,558.063.23%
2006$62,447.423.12%
2007$63,385.141.50%
2008$66,285.234.58%
2009$65,848.04-0.66%
2010$66,235.610.59%
2011$68,241.453.03%
2012$69,673.422.10%
2013$70,937.371.81%
2014$71,779.591.19%
2015$71,420.89-0.50%
2016$72,422.521.40%
2017$74,268.182.55%
2018$76,453.762.94%
2019$78,058.942.10%
2020$78,542.950.62%
2021$82,496.475.03%
2022$89,777.088.83%
2023$94,506.835.27%
2024$97,585.223.26%*

* 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 * $12,300 = $97,585.22

Therefore, according to U.S. Bureau of Labor Statistics, $12,300 in 1970 has the same "purchasing power" as $97,585.22 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.