Dallas, Texas prices: $40,000 in 1970 $316,424.93 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($40,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 691.06% higher in 2024 versus 1970 (a $276,424.93 difference in value).

Between 1970 and 2024: Dallas experienced an average inflation rate of 3.90% per year. This rate of change indicates significant inflation. In other words, $40,000 in Dallas in the year 1970 would cost $316,424.93 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 $40,000.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $40,000 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$40,000.006.22%
1971$41,228.853.07%
1972$42,430.992.92%
1973$44,630.455.18%
1974$49,056.109.92%
1975$53,588.609.24%
1976$56,856.636.10%
1977$61,041.857.36%
1978$65,814.787.82%
1979$73,989.3112.42%
1980$86,527.1616.95%
1981$96,687.4411.74%
1982$102,528.946.04%
1983$106,277.833.66%
1984$111,273.374.70%
1985$115,440.783.75%
1986$117,462.151.75%
1987$120,391.812.49%
1988$123,891.362.91%
1989$127,595.732.99%
1990$133,365.984.52%
1991$139,608.194.68%
1992$142,991.992.42%
1993$146,571.682.50%
1994$150,712.382.83%
1995$154,639.362.61%
1996$158,869.102.74%
1997$161,700.801.78%
1998$163,989.311.42%
1999$168,619.772.82%
2000$175,707.934.20%
2001$181,905.613.53%
2002$184,381.121.36%
2003$188,263.582.11%
2004$190,774.711.33%
2005$196,936.783.23%
2006$203,081.033.12%
2007$206,130.541.50%
2008$215,561.714.58%
2009$214,139.98-0.66%
2010$215,400.360.59%
2011$221,923.423.03%
2012$226,580.232.10%
2013$230,690.651.81%
2014$233,429.561.19%
2015$232,263.05-0.50%
2016$235,520.391.40%
2017$241,522.532.55%
2018$248,630.102.94%
2019$253,850.222.10%
2020$255,424.220.62%
2021$268,281.215.03%
2022$291,957.978.83%
2023$307,339.275.27%
2024$316,424.932.96%*

* 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
CPI29.50029.53329.85030.88331.83333.15035.24237.43338.58339.70841.76745.90850.15053.20857.12561.59269.24280.97590.48395.95099.458104.133108.033109.925112.667115.942119.408124.808130.650133.817137.167141.042144.717148.675151.325153.467157.800164.433170.233172.550176.183178.533184.300190.050192.904201.730200.399201.579207.683212.041215.888218.451217.359220.408226.025232.676237.561239.035251.066273.224287.618296.121

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 296.121 in 2024:

296.121 / 37.433 * $40,000 = $316,424.93

Therefore, according to U.S. Bureau of Labor Statistics, $40,000 in 1970 has the same "purchasing power" as $316,424.93 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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