Dallas, Texas prices: $427,000 in 1970 $3,387,714.58 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($427,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $2,960,714.58 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, $427,000 in Dallas in the year 1970 would cost $3,387,714.58 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 $427,000.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $427,000 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$427,000.006.22%
1971$440,117.993.07%
1972$452,950.802.92%
1973$476,430.105.18%
1974$523,673.869.92%
1975$572,058.339.24%
1976$606,944.576.10%
1977$651,621.777.36%
1978$702,572.807.82%
1979$789,835.9312.42%
1980$923,677.4316.95%
1981$1,032,138.4711.74%
1982$1,094,496.446.04%
1983$1,134,515.813.66%
1984$1,187,843.284.70%
1985$1,232,330.373.75%
1986$1,253,908.501.75%
1987$1,285,182.552.49%
1988$1,322,540.292.91%
1989$1,362,084.372.99%
1990$1,423,681.884.52%
1991$1,490,317.454.68%
1992$1,526,439.452.42%
1993$1,564,652.722.50%
1994$1,608,854.632.83%
1995$1,650,775.162.61%
1996$1,695,927.652.74%
1997$1,726,156.061.78%
1998$1,750,585.931.42%
1999$1,800,016.032.82%
2000$1,875,682.104.20%
2001$1,941,842.393.53%
2002$1,968,268.481.36%
2003$2,009,713.712.11%
2004$2,036,520.041.33%
2005$2,102,300.093.23%
2006$2,167,890.033.12%
2007$2,200,443.551.50%
2008$2,301,121.254.58%
2009$2,285,944.31-0.66%
2010$2,299,398.800.59%
2011$2,369,032.503.03%
2012$2,418,743.972.10%
2013$2,462,622.691.81%
2014$2,491,860.591.19%
2015$2,479,408.01-0.50%
2016$2,514,180.181.40%
2017$2,578,253.002.55%
2018$2,654,126.302.94%
2019$2,709,851.132.10%
2020$2,726,653.560.62%
2021$2,863,901.935.03%
2022$3,116,651.338.83%
2023$3,280,846.715.27%
2024$3,387,714.583.26%*

* 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 * $427,000 = $3,387,714.58

Therefore, according to U.S. Bureau of Labor Statistics, $427,000 in 1970 has the same "purchasing power" as $3,387,714.58 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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