Dallas, Texas prices: $3,000,000 in 1970 $23,801,273.37 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($3,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $20,801,273.37 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, $3,000,000 in Dallas in the year 1970 would cost $23,801,273.37 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 $3,000,000.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $3,000,000 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$3,000,000.006.22%
1971$3,092,163.853.07%
1972$3,182,324.132.92%
1973$3,347,284.065.18%
1974$3,679,207.489.92%
1975$4,019,145.159.24%
1976$4,264,247.556.10%
1977$4,578,138.917.36%
1978$4,936,108.647.82%
1979$5,549,198.5812.42%
1980$6,489,536.9516.95%
1981$7,251,558.3311.74%
1982$7,689,670.536.04%
1983$7,970,837.043.66%
1984$8,345,503.124.70%
1985$8,658,058.773.75%
1986$8,809,661.621.75%
1987$9,029,385.572.49%
1988$9,291,852.182.91%
1989$9,569,679.432.99%
1990$10,002,448.804.52%
1991$10,470,614.434.68%
1992$10,724,398.932.42%
1993$10,992,876.222.50%
1994$11,303,428.322.83%
1995$11,597,951.912.61%
1996$11,915,182.552.74%
1997$12,127,560.111.78%
1998$12,299,198.581.42%
1999$12,646,482.642.82%
2000$13,178,094.394.20%
2001$13,642,920.753.53%
2002$13,828,584.151.36%
2003$14,119,768.482.11%
2004$14,308,103.291.33%
2005$14,770,258.243.23%
2006$15,231,077.473.12%
2007$15,459,790.741.50%
2008$16,167,128.234.58%
2009$16,060,498.66-0.66%
2010$16,155,026.710.59%
2011$16,644,256.463.03%
2012$16,993,517.362.10%
2013$17,301,798.751.81%
2014$17,507,217.281.19%
2015$17,419,728.41-0.50%
2016$17,664,029.391.40%
2017$18,114,189.672.55%
2018$18,647,257.352.94%
2019$19,038,766.702.10%
2020$19,156,816.560.62%
2021$20,121,090.835.03%
2022$21,896,847.738.83%
2023$23,050,445.245.27%
2024$23,801,273.373.26%*

* 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 * $3,000,000 = $23,801,273.37

Therefore, according to U.S. Bureau of Labor Statistics, $3,000,000 in 1970 has the same "purchasing power" as $23,801,273.37 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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