Dallas, Texas prices: $5,000 in 1970 $39,668.79 in 2024

Inflation in Texas

$

Prices in Dallas, 1970-2024 ($5,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $34,668.79 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, $5,000 in Dallas in the year 1970 would cost $39,668.79 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
Fish and seafood · Bread · Philadelphia, Pennsylvania · Fresh fruits · More

Buying power of $5,000.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $5,000 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$5,000.006.22%
1971$5,153.613.07%
1972$5,303.872.92%
1973$5,578.815.18%
1974$6,132.019.92%
1975$6,698.589.24%
1976$7,107.086.10%
1977$7,630.237.36%
1978$8,226.857.82%
1979$9,248.6612.42%
1980$10,815.8916.95%
1981$12,085.9311.74%
1982$12,816.126.04%
1983$13,284.733.66%
1984$13,909.174.70%
1985$14,430.103.75%
1986$14,682.771.75%
1987$15,048.982.49%
1988$15,486.422.91%
1989$15,949.472.99%
1990$16,670.754.52%
1991$17,451.024.68%
1992$17,874.002.42%
1993$18,321.462.50%
1994$18,839.052.83%
1995$19,329.922.61%
1996$19,858.642.74%
1997$20,212.601.78%
1998$20,498.661.42%
1999$21,077.472.82%
2000$21,963.494.20%
2001$22,738.203.53%
2002$23,047.641.36%
2003$23,532.952.11%
2004$23,846.841.33%
2005$24,617.103.23%
2006$25,385.133.12%
2007$25,766.321.50%
2008$26,945.214.58%
2009$26,767.50-0.66%
2010$26,925.040.59%
2011$27,740.433.03%
2012$28,322.532.10%
2013$28,836.331.81%
2014$29,178.701.19%
2015$29,032.88-0.50%
2016$29,440.051.40%
2017$30,190.322.55%
2018$31,078.762.94%
2019$31,731.282.10%
2020$31,928.030.62%
2021$33,535.155.03%
2022$36,494.758.83%
2023$38,417.415.27%
2024$39,668.793.26%*

* 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 * $5,000 = $39,668.79

Therefore, according to U.S. Bureau of Labor Statistics, $5,000 in 1970 has the same "purchasing power" as $39,668.79 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.