Dallas, Texas prices: $400,000 in 1970 $3,173,503.12 in 2024

Inflation in Texas

$

Prices in Dallas, 1970-2024 ($400,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $2,773,503.12 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, $400,000 in Dallas in the year 1970 would cost $3,173,503.12 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
New trucks · Rent of primary residence · Detroit, Michigan · Phoenix, Arizona · More

Buying power of $400,000.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $400,000 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$400,000.006.22%
1971$412,288.513.07%
1972$424,309.882.92%
1973$446,304.545.18%
1974$490,561.009.92%
1975$535,886.029.24%
1976$568,566.346.10%
1977$610,418.527.36%
1978$658,147.827.82%
1979$739,893.1412.42%
1980$865,271.5916.95%
1981$966,874.4411.74%
1982$1,025,289.406.04%
1983$1,062,778.273.66%
1984$1,112,733.754.70%
1985$1,154,407.843.75%
1986$1,174,621.551.75%
1987$1,203,918.082.49%
1988$1,238,913.622.91%
1989$1,275,957.262.99%
1990$1,333,659.844.52%
1991$1,396,081.924.68%
1992$1,429,919.862.42%
1993$1,465,716.832.50%
1994$1,507,123.782.83%
1995$1,546,393.592.61%
1996$1,588,691.012.74%
1997$1,617,008.011.78%
1998$1,639,893.141.42%
1999$1,686,197.682.82%
2000$1,757,079.254.20%
2001$1,819,056.103.53%
2002$1,843,811.221.36%
2003$1,882,635.802.11%
2004$1,907,747.111.33%
2005$1,969,367.763.23%
2006$2,030,810.333.12%
2007$2,061,305.431.50%
2008$2,155,617.104.58%
2009$2,141,399.82-0.66%
2010$2,154,003.560.59%
2011$2,219,234.193.03%
2012$2,265,802.322.10%
2013$2,306,906.501.81%
2014$2,334,295.641.19%
2015$2,322,630.45-0.50%
2016$2,355,203.921.40%
2017$2,415,225.292.55%
2018$2,486,300.982.94%
2019$2,538,502.232.10%
2020$2,554,242.210.62%
2021$2,682,812.115.03%
2022$2,919,579.708.83%
2023$3,073,392.705.27%
2024$3,173,503.123.26%*

* 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 * $400,000 = $3,173,503.12

Therefore, according to U.S. Bureau of Labor Statistics, $400,000 in 1970 has the same "purchasing power" as $3,173,503.12 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.