Dallas, Texas prices: $2,000,000 in 1970 $15,867,515.58 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($2,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $13,867,515.58 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, $2,000,000 in Dallas in the year 1970 would cost $15,867,515.58 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 $2,000,000.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $2,000,000 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$2,000,000.006.22%
1971$2,061,442.563.07%
1972$2,121,549.422.92%
1973$2,231,522.715.18%
1974$2,452,804.999.92%
1975$2,679,430.109.24%
1976$2,842,831.706.10%
1977$3,052,092.617.36%
1978$3,290,739.097.82%
1979$3,699,465.7212.42%
1980$4,326,357.9716.95%
1981$4,834,372.2211.74%
1982$5,126,447.026.04%
1983$5,313,891.363.66%
1984$5,563,668.744.70%
1985$5,772,039.183.75%
1986$5,873,107.751.75%
1987$6,019,590.382.49%
1988$6,194,568.122.91%
1989$6,379,786.292.99%
1990$6,668,299.204.52%
1991$6,980,409.624.68%
1992$7,149,599.292.42%
1993$7,328,584.152.50%
1994$7,535,618.882.83%
1995$7,731,967.942.61%
1996$7,943,455.032.74%
1997$8,085,040.071.78%
1998$8,199,465.721.42%
1999$8,430,988.422.82%
2000$8,785,396.264.20%
2001$9,095,280.503.53%
2002$9,219,056.101.36%
2003$9,413,178.982.11%
2004$9,538,735.531.33%
2005$9,846,838.823.23%
2006$10,154,051.653.12%
2007$10,306,527.161.50%
2008$10,778,085.494.58%
2009$10,706,999.11-0.66%
2010$10,770,017.810.59%
2011$11,096,170.973.03%
2012$11,329,011.582.10%
2013$11,534,532.501.81%
2014$11,671,478.181.19%
2015$11,613,152.27-0.50%
2016$11,776,019.591.40%
2017$12,076,126.452.55%
2018$12,431,504.902.94%
2019$12,692,511.132.10%
2020$12,771,211.040.62%
2021$13,414,060.555.03%
2022$14,597,898.498.83%
2023$15,366,963.495.27%
2024$15,867,515.583.26%*

* 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 * $2,000,000 = $15,867,515.58

Therefore, according to U.S. Bureau of Labor Statistics, $2,000,000 in 1970 has the same "purchasing power" as $15,867,515.58 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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