Dallas, Texas prices: $47,200 in 1970 $374,473.37 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($47,200)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $327,273.37 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, $47,200 in Dallas in the year 1970 would cost $374,473.37 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 $47,200.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $47,200 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$47,200.006.22%
1971$48,650.043.07%
1972$50,068.572.92%
1973$52,663.945.18%
1974$57,886.209.92%
1975$63,234.559.24%
1976$67,090.836.10%
1977$72,029.397.36%
1978$77,661.447.82%
1979$87,307.3912.42%
1980$102,102.0516.95%
1981$114,091.1811.74%
1982$120,984.156.04%
1983$125,407.843.66%
1984$131,302.584.70%
1985$136,220.123.75%
1986$138,605.341.75%
1987$142,062.332.49%
1988$146,191.812.91%
1989$150,562.962.99%
1990$157,371.864.52%
1991$164,737.674.68%
1992$168,730.542.42%
1993$172,954.592.50%
1994$177,840.612.83%
1995$182,474.442.61%
1996$187,465.542.74%
1997$190,806.951.78%
1998$193,507.391.42%
1999$198,971.332.82%
2000$207,335.354.20%
2001$214,648.623.53%
2002$217,569.721.36%
2003$222,151.022.11%
2004$225,114.161.33%
2005$232,385.403.23%
2006$239,635.623.12%
2007$243,234.041.50%
2008$254,362.824.58%
2009$252,685.18-0.66%
2010$254,172.420.59%
2011$261,869.633.03%
2012$267,364.672.10%
2013$272,214.971.81%
2014$275,446.891.19%
2015$274,070.39-0.50%
2016$277,914.061.40%
2017$284,996.582.55%
2018$293,383.522.94%
2019$299,543.262.10%
2020$301,400.580.62%
2021$316,571.835.03%
2022$344,510.408.83%
2023$362,660.345.27%
2024$374,473.373.26%*

* 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 * $47,200 = $374,473.37

Therefore, according to U.S. Bureau of Labor Statistics, $47,200 in 1970 has the same "purchasing power" as $374,473.37 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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