Dallas, Texas prices: $1,700,000 in 1970 $13,487,388.25 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($1,700,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $11,787,388.25 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, $1,700,000 in Dallas in the year 1970 would cost $13,487,388.25 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 $1,700,000.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $1,700,000 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$1,700,000.006.22%
1971$1,752,226.183.07%
1972$1,803,317.012.92%
1973$1,896,794.305.18%
1974$2,084,884.249.92%
1975$2,277,515.589.24%
1976$2,416,406.956.10%
1977$2,594,278.727.36%
1978$2,797,128.237.82%
1979$3,144,545.8612.42%
1980$3,677,404.2716.95%
1981$4,109,216.3811.74%
1982$4,357,479.966.04%
1983$4,516,807.663.66%
1984$4,729,118.434.70%
1985$4,906,233.303.75%
1986$4,992,141.591.75%
1987$5,116,651.832.49%
1988$5,265,382.902.91%
1989$5,422,818.342.99%
1990$5,668,054.324.52%
1991$5,933,348.174.68%
1992$6,077,159.392.42%
1993$6,229,296.532.50%
1994$6,405,276.052.83%
1995$6,572,172.752.61%
1996$6,751,936.782.74%
1997$6,872,284.061.78%
1998$6,969,545.861.42%
1999$7,166,340.162.82%
2000$7,467,586.824.20%
2001$7,730,988.423.53%
2002$7,836,197.681.36%
2003$8,001,202.142.11%
2004$8,107,925.201.33%
2005$8,369,813.003.23%
2006$8,630,943.903.12%
2007$8,760,548.091.50%
2008$9,161,372.664.58%
2009$9,100,949.24-0.66%
2010$9,154,515.140.59%
2011$9,431,745.333.03%
2012$9,629,659.842.10%
2013$9,804,352.631.81%
2014$9,920,756.461.19%
2015$9,871,179.43-0.50%
2016$10,009,616.651.40%
2017$10,264,707.482.55%
2018$10,566,779.162.94%
2019$10,788,634.462.10%
2020$10,855,529.390.62%
2021$11,401,951.475.03%
2022$12,408,213.718.83%
2023$13,061,918.975.27%
2024$13,487,388.253.26%*

* 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 * $1,700,000 = $13,487,388.25

Therefore, according to U.S. Bureau of Labor Statistics, $1,700,000 in 1970 has the same "purchasing power" as $13,487,388.25 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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