Dallas, Texas prices: $17,000,000 in 1970 $134,873,882.46 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($17,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $117,873,882.46 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, $17,000,000 in Dallas in the year 1970 would cost $134,873,882.46 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 $17,000,000.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $17,000,000 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$17,000,000.006.22%
1971$17,522,261.803.07%
1972$18,033,170.082.92%
1973$18,967,943.015.18%
1974$20,848,842.399.92%
1975$22,775,155.839.24%
1976$24,164,069.466.10%
1977$25,942,787.187.36%
1978$27,971,282.287.82%
1979$31,445,458.5912.42%
1980$36,774,042.7416.95%
1981$41,092,163.8511.74%
1982$43,574,799.646.04%
1983$45,168,076.583.66%
1984$47,291,184.334.70%
1985$49,062,333.043.75%
1986$49,921,415.851.75%
1987$51,166,518.252.49%
1988$52,653,829.032.91%
1989$54,228,183.442.99%
1990$56,680,543.194.52%
1991$59,333,481.754.68%
1992$60,771,593.942.42%
1993$62,292,965.272.50%
1994$64,052,760.462.83%
1995$65,721,727.522.61%
1996$67,519,367.762.74%
1997$68,722,840.611.78%
1998$69,695,458.591.42%
1999$71,663,401.602.82%
2000$74,675,868.214.20%
2001$77,309,884.243.53%
2002$78,361,976.851.36%
2003$80,012,021.372.11%
2004$81,079,252.001.33%
2005$83,698,130.013.23%
2006$86,309,439.003.12%
2007$87,605,480.851.50%
2008$91,613,726.634.58%
2009$91,009,492.43-0.66%
2010$91,545,151.380.59%
2011$94,317,453.253.03%
2012$96,296,598.402.10%
2013$98,043,526.271.81%
2014$99,207,564.561.19%
2015$98,711,794.30-0.50%
2016$100,096,166.521.40%
2017$102,647,074.802.55%
2018$105,667,791.632.94%
2019$107,886,344.612.10%
2020$108,555,293.860.62%
2021$114,019,514.695.03%
2022$124,082,137.138.83%
2023$130,619,189.675.27%
2024$134,873,882.463.26%*

* 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 * $17,000,000 = $134,873,882.46

Therefore, according to U.S. Bureau of Labor Statistics, $17,000,000 in 1970 has the same "purchasing power" as $134,873,882.46 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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