Dallas, Texas prices: $1,431,000 in 1970 $11,353,207.40 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($1,431,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $9,922,207.40 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, $1,431,000 in Dallas in the year 1970 would cost $11,353,207.40 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 $1,431,000.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $1,431,000 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$1,431,000.006.22%
1971$1,474,962.153.07%
1972$1,517,968.612.92%
1973$1,596,654.505.18%
1974$1,754,981.979.92%
1975$1,917,132.249.24%
1976$2,034,046.086.10%
1977$2,183,772.267.36%
1978$2,354,523.827.82%
1979$2,646,967.7212.42%
1980$3,095,509.1316.95%
1981$3,458,993.3211.74%
1982$3,667,972.846.04%
1983$3,802,089.273.66%
1984$3,980,804.994.70%
1985$4,129,894.033.75%
1986$4,202,208.591.75%
1987$4,307,016.922.49%
1988$4,432,213.492.91%
1989$4,564,737.092.99%
1990$4,771,168.084.52%
1991$4,994,483.084.68%
1992$5,115,538.292.42%
1993$5,243,601.962.50%
1994$5,391,735.312.83%
1995$5,532,223.062.61%
1996$5,683,542.072.74%
1997$5,784,846.171.78%
1998$5,866,717.721.42%
1999$6,032,372.222.82%
2000$6,285,951.024.20%
2001$6,507,673.203.53%
2002$6,596,234.641.36%
2003$6,735,129.562.11%
2004$6,824,965.271.33%
2005$7,045,413.183.23%
2006$7,265,223.953.12%
2007$7,374,320.181.50%
2008$7,711,720.164.58%
2009$7,660,857.86-0.66%
2010$7,705,947.740.59%
2011$7,939,310.333.03%
2012$8,105,907.782.10%
2013$8,252,958.011.81%
2014$8,350,942.641.19%
2015$8,309,210.45-0.50%
2016$8,425,742.021.40%
2017$8,640,468.472.55%
2018$8,894,741.752.94%
2019$9,081,491.712.10%
2020$9,137,801.500.62%
2021$9,597,760.335.03%
2022$10,444,796.378.83%
2023$10,995,062.385.27%
2024$11,353,207.403.26%*

* 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 * $1,431,000 = $11,353,207.40

Therefore, according to U.S. Bureau of Labor Statistics, $1,431,000 in 1970 has the same "purchasing power" as $11,353,207.40 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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