Dallas, Texas prices: $3.50 in 1970 $27.77 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($3.50)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $24.27 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, $3.50 in Dallas in the year 1970 would cost $27.77 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
New York · New trucks · Gasoline (all types) · Financial services · More

Buying power of $3.50 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $3.50 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$3.506.22%
1971$3.613.07%
1972$3.712.92%
1973$3.915.18%
1974$4.299.92%
1975$4.699.24%
1976$4.976.10%
1977$5.347.36%
1978$5.767.82%
1979$6.4712.42%
1980$7.5716.95%
1981$8.4611.74%
1982$8.976.04%
1983$9.303.66%
1984$9.744.70%
1985$10.103.75%
1986$10.281.75%
1987$10.532.49%
1988$10.842.91%
1989$11.162.99%
1990$11.674.52%
1991$12.224.68%
1992$12.512.42%
1993$12.832.50%
1994$13.192.83%
1995$13.532.61%
1996$13.902.74%
1997$14.151.78%
1998$14.351.42%
1999$14.752.82%
2000$15.374.20%
2001$15.923.53%
2002$16.131.36%
2003$16.472.11%
2004$16.691.33%
2005$17.233.23%
2006$17.773.12%
2007$18.041.50%
2008$18.864.58%
2009$18.74-0.66%
2010$18.850.59%
2011$19.423.03%
2012$19.832.10%
2013$20.191.81%
2014$20.431.19%
2015$20.32-0.50%
2016$20.611.40%
2017$21.132.55%
2018$21.762.94%
2019$22.212.10%
2020$22.350.62%
2021$23.475.03%
2022$25.558.83%
2023$26.895.27%
2024$27.773.26%*

* 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 * $3.50 = $27.77

Therefore, according to U.S. Bureau of Labor Statistics, $3.50 in 1970 has the same "purchasing power" as $27.77 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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