Dallas, Texas prices: $1,800,000 in 1970 $14,280,764.02 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($1,800,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $12,480,764.02 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, $1,800,000 in Dallas in the year 1970 would cost $14,280,764.02 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
Gasoline (all types) · San Francisco, California · Women's apparel · Fresh fruits · More

Buying power of $1,800,000.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $1,800,000 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$1,800,000.006.22%
1971$1,855,298.313.07%
1972$1,909,394.482.92%
1973$2,008,370.445.18%
1974$2,207,524.499.92%
1975$2,411,487.099.24%
1976$2,558,548.536.10%
1977$2,746,883.357.36%
1978$2,961,665.187.82%
1979$3,329,519.1512.42%
1980$3,893,722.1716.95%
1981$4,350,935.0011.74%
1982$4,613,802.326.04%
1983$4,782,502.233.66%
1984$5,007,301.874.70%
1985$5,194,835.263.75%
1986$5,285,796.971.75%
1987$5,417,631.342.49%
1988$5,575,111.312.91%
1989$5,741,807.662.99%
1990$6,001,469.284.52%
1991$6,282,368.664.68%
1992$6,434,639.362.42%
1993$6,595,725.732.50%
1994$6,782,056.992.83%
1995$6,958,771.152.61%
1996$7,149,109.532.74%
1997$7,276,536.061.78%
1998$7,379,519.151.42%
1999$7,587,889.582.82%
2000$7,906,856.634.20%
2001$8,185,752.453.53%
2002$8,297,150.491.36%
2003$8,471,861.092.11%
2004$8,584,861.981.33%
2005$8,862,154.943.23%
2006$9,138,646.483.12%
2007$9,275,874.441.50%
2008$9,700,276.944.58%
2009$9,636,299.20-0.66%
2010$9,693,016.030.59%
2011$9,986,553.873.03%
2012$10,196,110.422.10%
2013$10,381,079.251.81%
2014$10,504,330.371.19%
2015$10,451,837.04-0.50%
2016$10,598,417.631.40%
2017$10,868,513.802.55%
2018$11,188,354.412.94%
2019$11,423,260.022.10%
2020$11,494,089.940.62%
2021$12,072,654.505.03%
2022$13,138,108.648.83%
2023$13,830,267.145.27%
2024$14,280,764.023.26%*

* 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 * $1,800,000 = $14,280,764.02

Therefore, according to U.S. Bureau of Labor Statistics, $1,800,000 in 1970 has the same "purchasing power" as $14,280,764.02 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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