Dallas, Texas prices: $4,700 in 1970 $37,288.66 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($4,700)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $32,588.66 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, $4,700 in Dallas in the year 1970 would cost $37,288.66 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
Bread · Legal services · Dallas-Fort Worth, Texas · Bananas · More

Buying power of $4,700.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $4,700 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$4,700.006.22%
1971$4,844.393.07%
1972$4,985.642.92%
1973$5,244.085.18%
1974$5,764.099.92%
1975$6,296.669.24%
1976$6,680.656.10%
1977$7,172.427.36%
1978$7,733.247.82%
1979$8,693.7412.42%
1980$10,166.9416.95%
1981$11,360.7711.74%
1982$12,047.156.04%
1983$12,487.643.66%
1984$13,074.624.70%
1985$13,564.293.75%
1986$13,801.801.75%
1987$14,146.042.49%
1988$14,557.242.91%
1989$14,992.502.99%
1990$15,670.504.52%
1991$16,403.964.68%
1992$16,801.562.42%
1993$17,222.172.50%
1994$17,708.702.83%
1995$18,170.122.61%
1996$18,667.122.74%
1997$18,999.841.78%
1998$19,268.741.42%
1999$19,812.822.82%
2000$20,645.684.20%
2001$21,373.913.53%
2002$21,664.781.36%
2003$22,120.972.11%
2004$22,416.031.33%
2005$23,140.073.23%
2006$23,862.023.12%
2007$24,220.341.50%
2008$25,328.504.58%
2009$25,161.45-0.66%
2010$25,309.540.59%
2011$26,076.003.03%
2012$26,623.182.10%
2013$27,106.151.81%
2014$27,427.971.19%
2015$27,290.91-0.50%
2016$27,673.651.40%
2017$28,378.902.55%
2018$29,214.042.94%
2019$29,827.402.10%
2020$30,012.350.62%
2021$31,523.045.03%
2022$34,305.068.83%
2023$36,112.365.27%
2024$37,288.663.26%*

* 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 * $4,700 = $37,288.66

Therefore, according to U.S. Bureau of Labor Statistics, $4,700 in 1970 has the same "purchasing power" as $37,288.66 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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