Dallas, Texas prices: $38,000,000 in 1970 $301,482,796.08 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($38,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $263,482,796.08 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, $38,000,000 in Dallas in the year 1970 would cost $301,482,796.08 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 $38,000,000.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $38,000,000 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$38,000,000.006.22%
1971$39,167,408.733.07%
1972$40,309,439.002.92%
1973$42,398,931.435.18%
1974$46,603,294.759.92%
1975$50,909,171.869.24%
1976$54,013,802.326.10%
1977$57,989,759.577.36%
1978$62,524,042.747.82%
1979$70,289,848.6212.42%
1980$82,200,801.4216.95%
1981$91,853,072.1311.74%
1982$97,402,493.326.04%
1983$100,963,935.893.66%
1984$105,709,706.144.70%
1985$109,668,744.433.75%
1986$111,589,047.201.75%
1987$114,372,217.282.49%
1988$117,696,794.302.91%
1989$121,215,939.452.99%
1990$126,697,684.774.52%
1991$132,627,782.724.68%
1992$135,842,386.462.42%
1993$139,243,098.842.50%
1994$143,176,758.682.83%
1995$146,907,390.922.61%
1996$150,925,645.592.74%
1997$153,615,761.351.78%
1998$155,789,848.621.42%
1999$160,188,780.052.82%
2000$166,922,528.944.20%
2001$172,810,329.473.53%
2002$175,162,065.891.36%
2003$178,850,400.712.11%
2004$181,235,975.071.33%
2005$187,089,937.673.23%
2006$192,926,981.303.12%
2007$195,824,016.031.50%
2008$204,783,624.224.58%
2009$203,432,983.08-0.66%
2010$204,630,338.380.59%
2011$210,827,248.443.03%
2012$215,251,219.952.10%
2013$219,156,117.541.81%
2014$221,758,085.491.19%
2015$220,649,893.14-0.50%
2016$223,744,372.221.40%
2017$229,446,402.492.55%
2018$236,198,593.052.94%
2019$241,157,711.492.10%
2020$242,653,009.800.62%
2021$254,867,150.495.03%
2022$277,360,071.248.83%
2023$291,972,306.325.27%
2024$301,482,796.083.26%*

* 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 * $38,000,000 = $301,482,796.08

Therefore, according to U.S. Bureau of Labor Statistics, $38,000,000 in 1970 has the same "purchasing power" as $301,482,796.08 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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