Dallas, Texas prices: $28,000 in 1970 $222,145.22 in 2024

Inflation in Texas

$

Prices in Dallas, 1970-2024 ($28,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $194,145.22 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, $28,000 in Dallas in the year 1970 would cost $222,145.22 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
Bread · Admission to sporting events · Women's apparel · Fish and seafood · More

Buying power of $28,000.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $28,000 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$28,000.006.22%
1971$28,860.203.07%
1972$29,701.692.92%
1973$31,241.325.18%
1974$34,339.279.92%
1975$37,512.029.24%
1976$39,799.646.10%
1977$42,729.307.36%
1978$46,070.357.82%
1979$51,792.5212.42%
1980$60,569.0116.95%
1981$67,681.2111.74%
1982$71,770.266.04%
1983$74,394.483.66%
1984$77,891.364.70%
1985$80,808.553.75%
1986$82,223.511.75%
1987$84,274.272.49%
1988$86,723.952.91%
1989$89,317.012.99%
1990$93,356.194.52%
1991$97,725.734.68%
1992$100,094.392.42%
1993$102,600.182.50%
1994$105,498.662.83%
1995$108,247.552.61%
1996$111,208.372.74%
1997$113,190.561.78%
1998$114,792.521.42%
1999$118,033.842.82%
2000$122,995.554.20%
2001$127,333.933.53%
2002$129,066.791.36%
2003$131,784.512.11%
2004$133,542.301.33%
2005$137,855.743.23%
2006$142,156.723.12%
2007$144,291.381.50%
2008$150,893.204.58%
2009$149,897.99-0.66%
2010$150,780.250.59%
2011$155,346.393.03%
2012$158,606.162.10%
2013$161,483.461.81%
2014$163,400.691.19%
2015$162,584.13-0.50%
2016$164,864.271.40%
2017$169,065.772.55%
2018$174,041.072.94%
2019$177,695.162.10%
2020$178,796.950.62%
2021$187,796.855.03%
2022$204,370.588.83%
2023$215,137.495.27%
2024$222,145.223.26%*

* 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 * $28,000 = $222,145.22

Therefore, according to U.S. Bureau of Labor Statistics, $28,000 in 1970 has the same "purchasing power" as $222,145.22 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.

» Read more about inflation and investment.