Dallas, Texas prices: $16,250 in 1970 $128,923.56 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($16,250)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $112,673.56 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, $16,250 in Dallas in the year 1970 would cost $128,923.56 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 · Fresh fruits · Wine at home · Housing · More

Buying power of $16,250.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $16,250 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$16,250.006.22%
1971$16,749.223.07%
1972$17,237.592.92%
1973$18,131.125.18%
1974$19,929.049.92%
1975$21,770.379.24%
1976$23,098.016.10%
1977$24,798.257.36%
1978$26,737.267.82%
1979$30,058.1612.42%
1980$35,151.6616.95%
1981$39,279.2711.74%
1982$41,652.386.04%
1983$43,175.373.66%
1984$45,204.814.70%
1985$46,897.823.75%
1986$47,719.001.75%
1987$48,909.172.49%
1988$50,330.872.91%
1989$51,835.762.99%
1990$54,179.934.52%
1991$56,715.834.68%
1992$58,090.492.42%
1993$59,544.752.50%
1994$61,226.902.83%
1995$62,822.242.61%
1996$64,540.572.74%
1997$65,690.951.78%
1998$66,620.661.42%
1999$68,501.782.82%
2000$71,381.344.20%
2001$73,899.153.53%
2002$74,904.831.36%
2003$76,482.082.11%
2004$77,502.231.33%
2005$80,005.573.23%
2006$82,501.673.12%
2007$83,740.531.50%
2008$87,571.944.58%
2009$86,994.37-0.66%
2010$87,506.390.59%
2011$90,156.393.03%
2012$92,048.222.10%
2013$93,718.081.81%
2014$94,830.761.19%
2015$94,356.86-0.50%
2016$95,680.161.40%
2017$98,118.532.55%
2018$101,005.982.94%
2019$103,126.652.10%
2020$103,766.090.62%
2021$108,989.245.03%
2022$118,607.938.83%
2023$124,856.585.27%
2024$128,923.563.26%*

* 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 * $16,250 = $128,923.56

Therefore, according to U.S. Bureau of Labor Statistics, $16,250 in 1970 has the same "purchasing power" as $128,923.56 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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