Dallas, Texas prices: $16,000,000 in 1970 $126,940,124.67 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($16,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $110,940,124.67 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, $16,000,000 in Dallas in the year 1970 would cost $126,940,124.67 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 $16,000,000.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $16,000,000 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$16,000,000.006.22%
1971$16,491,540.523.07%
1972$16,972,395.372.92%
1973$17,852,181.665.18%
1974$19,622,439.899.92%
1975$21,435,440.789.24%
1976$22,742,653.616.10%
1977$24,416,740.877.36%
1978$26,325,912.737.82%
1979$29,595,725.7312.42%
1980$34,610,863.7616.95%
1981$38,674,977.7411.74%
1982$41,011,576.146.04%
1983$42,511,130.903.66%
1984$44,509,349.964.70%
1985$46,176,313.453.75%
1986$46,984,861.981.75%
1987$48,156,723.062.49%
1988$49,556,544.972.91%
1989$51,038,290.292.99%
1990$53,346,393.594.52%
1991$55,843,276.944.68%
1992$57,196,794.302.42%
1993$58,628,673.202.50%
1994$60,284,951.022.83%
1995$61,855,743.542.61%
1996$63,547,640.252.74%
1997$64,680,320.571.78%
1998$65,595,725.731.42%
1999$67,447,907.392.82%
2000$70,283,170.084.20%
2001$72,762,243.993.53%
2002$73,752,448.801.36%
2003$75,305,431.882.11%
2004$76,309,884.241.33%
2005$78,774,710.603.23%
2006$81,232,413.183.12%
2007$82,452,217.281.50%
2008$86,224,683.884.58%
2009$85,655,992.88-0.66%
2010$86,160,142.480.59%
2011$88,769,367.763.03%
2012$90,632,092.612.10%
2013$92,276,260.021.81%
2014$93,371,825.471.19%
2015$92,905,218.17-0.50%
2016$94,208,156.721.40%
2017$96,609,011.582.55%
2018$99,452,039.182.94%
2019$101,540,089.052.10%
2020$102,169,688.330.62%
2021$107,312,484.425.03%
2022$116,783,187.898.83%
2023$122,935,707.935.27%
2024$126,940,124.673.26%*

* 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 * $16,000,000 = $126,940,124.67

Therefore, according to U.S. Bureau of Labor Statistics, $16,000,000 in 1970 has the same "purchasing power" as $126,940,124.67 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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