Dallas, Texas prices: $31,302 in 1970 $248,342.49 in 2024

Inflation in Texas

$

Prices in Dallas, 1970-2024 ($31,302)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $217,040.49 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, $31,302 in Dallas in the year 1970 would cost $248,342.49 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
Tampa, Florida · New trucks · Housing · New York · More

Buying power of $31,302.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $31,302 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$31,302.006.22%
1971$32,263.643.07%
1972$33,204.372.92%
1973$34,925.565.18%
1974$38,388.859.92%
1975$41,935.769.24%
1976$44,493.166.10%
1977$47,768.307.36%
1978$51,503.367.82%
1979$57,900.3412.42%
1980$67,711.8316.95%
1981$75,662.7611.74%
1982$80,234.026.04%
1983$83,167.713.66%
1984$87,076.984.70%
1985$90,338.193.75%
1986$91,920.011.75%
1987$94,212.612.49%
1988$96,951.192.91%
1989$99,850.042.99%
1990$104,365.554.52%
1991$109,250.394.68%
1992$111,898.382.42%
1993$114,699.672.50%
1994$117,939.972.83%
1995$121,013.032.61%
1996$124,323.012.74%
1997$126,538.961.78%
1998$128,329.841.42%
1999$131,953.402.82%
2000$137,500.244.20%
2001$142,350.243.53%
2002$144,287.451.36%
2003$147,325.662.11%
2004$149,290.751.33%
2005$154,112.873.23%
2006$158,921.063.12%
2007$161,307.461.50%
2008$168,687.824.58%
2009$167,575.24-0.66%
2010$168,561.550.59%
2011$173,666.173.03%
2012$177,310.362.10%
2013$180,526.971.81%
2014$182,670.311.19%
2015$181,757.45-0.50%
2016$184,306.481.40%
2017$189,003.462.55%
2018$194,565.482.94%
2019$198,650.492.10%
2020$199,882.220.62%
2021$209,943.465.03%
2022$228,471.718.83%
2023$240,508.355.27%
2024$248,342.493.26%*

* 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 * $31,302 = $248,342.49

Therefore, according to U.S. Bureau of Labor Statistics, $31,302 in 1970 has the same "purchasing power" as $248,342.49 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.