Dallas, Texas prices: $3,995 in 1970 $31,695.36 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($3,995)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $27,700.36 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, $3,995 in Dallas in the year 1970 would cost $31,695.36 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.93% 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 $3,995.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $3,995 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$3,995.006.22%
1971$4,117.733.07%
1972$4,237.792.92%
1973$4,457.475.18%
1974$4,899.489.92%
1975$5,352.169.24%
1976$5,678.566.10%
1977$6,096.557.36%
1978$6,573.257.82%
1979$7,389.6812.42%
1980$8,641.9016.95%
1981$9,656.6611.74%
1982$10,240.086.04%
1983$10,614.503.66%
1984$11,113.434.70%
1985$11,529.653.75%
1986$11,731.531.75%
1987$12,024.132.49%
1988$12,373.652.91%
1989$12,743.622.99%
1990$13,319.934.52%
1991$13,943.374.68%
1992$14,281.322.42%
1993$14,638.852.50%
1994$15,052.402.83%
1995$15,444.612.61%
1996$15,867.052.74%
1997$16,149.871.78%
1998$16,378.431.42%
1999$16,840.902.82%
2000$17,548.834.20%
2001$18,167.823.53%
2002$18,415.061.36%
2003$18,802.832.11%
2004$19,053.621.33%
2005$19,669.063.23%
2006$20,282.723.12%
2007$20,587.291.50%
2008$21,529.234.58%
2009$21,387.23-0.66%
2010$21,513.110.59%
2011$22,164.603.03%
2012$22,629.702.10%
2013$23,040.231.81%
2014$23,313.781.19%
2015$23,197.27-0.50%
2016$23,522.601.40%
2017$24,122.062.55%
2018$24,831.932.94%
2019$25,353.292.10%
2020$25,510.490.62%
2021$26,794.595.03%
2022$29,159.308.83%
2023$30,695.515.27%
2024$31,695.363.26%*

* 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 * $3,995 = $31,695.36

Therefore, according to U.S. Bureau of Labor Statistics, $3,995 in 1970 has the same "purchasing power" as $31,695.36 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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