Dallas, Texas prices: $350,000 in 1970 $2,776,815.23 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($350,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $2,426,815.23 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, $350,000 in Dallas in the year 1970 would cost $2,776,815.23 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 · Dental services · Gasoline (all types) · Houston, Texas · More

Buying power of $350,000.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $350,000 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$350,000.006.22%
1971$360,752.453.07%
1972$371,271.152.92%
1973$390,516.475.18%
1974$429,240.879.92%
1975$468,900.279.24%
1976$497,495.556.10%
1977$534,116.217.36%
1978$575,879.347.82%
1979$647,406.5012.42%
1980$757,112.6416.95%
1981$846,015.1411.74%
1982$897,128.236.04%
1983$929,930.993.66%
1984$973,642.034.70%
1985$1,010,106.863.75%
1986$1,027,793.861.75%
1987$1,053,428.322.49%
1988$1,084,049.422.91%
1989$1,116,462.602.99%
1990$1,166,952.364.52%
1991$1,221,571.684.68%
1992$1,251,179.882.42%
1993$1,282,502.232.50%
1994$1,318,733.302.83%
1995$1,353,094.392.61%
1996$1,390,104.632.74%
1997$1,414,882.011.78%
1998$1,434,906.501.42%
1999$1,475,422.972.82%
2000$1,537,444.354.20%
2001$1,591,674.093.53%
2002$1,613,334.821.36%
2003$1,647,306.322.11%
2004$1,669,278.721.33%
2005$1,723,196.793.23%
2006$1,776,959.043.12%
2007$1,803,642.251.50%
2008$1,886,164.964.58%
2009$1,873,724.84-0.66%
2010$1,884,753.120.59%
2011$1,941,829.923.03%
2012$1,982,577.032.10%
2013$2,018,543.191.81%
2014$2,042,508.681.19%
2015$2,032,301.65-0.50%
2016$2,060,803.431.40%
2017$2,113,322.132.55%
2018$2,175,513.362.94%
2019$2,221,189.452.10%
2020$2,234,961.930.62%
2021$2,347,460.605.03%
2022$2,554,632.248.83%
2023$2,689,218.615.27%
2024$2,776,815.233.26%*

* 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 * $350,000 = $2,776,815.23

Therefore, according to U.S. Bureau of Labor Statistics, $350,000 in 1970 has the same "purchasing power" as $2,776,815.23 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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