Dallas, Texas prices: $4,000,000 in 1970 $31,735,031.17 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($4,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $27,735,031.17 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, $4,000,000 in Dallas in the year 1970 would cost $31,735,031.17 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 $4,000,000.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $4,000,000 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$4,000,000.006.22%
1971$4,122,885.133.07%
1972$4,243,098.842.92%
1973$4,463,045.415.18%
1974$4,905,609.979.92%
1975$5,358,860.209.24%
1976$5,685,663.406.10%
1977$6,104,185.227.36%
1978$6,581,478.187.82%
1979$7,398,931.4312.42%
1980$8,652,715.9416.95%
1981$9,668,744.4311.74%
1982$10,252,894.036.04%
1983$10,627,782.723.66%
1984$11,127,337.494.70%
1985$11,544,078.363.75%
1986$11,746,215.491.75%
1987$12,039,180.772.49%
1988$12,389,136.242.91%
1989$12,759,572.572.99%
1990$13,336,598.404.52%
1991$13,960,819.234.68%
1992$14,299,198.582.42%
1993$14,657,168.302.50%
1994$15,071,237.762.83%
1995$15,463,935.892.61%
1996$15,886,910.062.74%
1997$16,170,080.141.78%
1998$16,398,931.431.42%
1999$16,861,976.852.82%
2000$17,570,792.524.20%
2001$18,190,561.003.53%
2002$18,438,112.201.36%
2003$18,826,357.972.11%
2004$19,077,471.061.33%
2005$19,693,677.653.23%
2006$20,308,103.293.12%
2007$20,613,054.321.50%
2008$21,556,170.974.58%
2009$21,413,998.22-0.66%
2010$21,540,035.620.59%
2011$22,192,341.943.03%
2012$22,658,023.152.10%
2013$23,069,065.001.81%
2014$23,342,956.371.19%
2015$23,226,304.54-0.50%
2016$23,552,039.181.40%
2017$24,152,252.892.55%
2018$24,863,009.802.94%
2019$25,385,022.262.10%
2020$25,542,422.080.62%
2021$26,828,121.105.03%
2022$29,195,796.978.83%
2023$30,733,926.985.27%
2024$31,735,031.173.26%*

* 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 * $4,000,000 = $31,735,031.17

Therefore, according to U.S. Bureau of Labor Statistics, $4,000,000 in 1970 has the same "purchasing power" as $31,735,031.17 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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