Dallas, Texas prices: $500,000,000 in 1970 $3,955,311,665.18 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($500,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 691.06% higher in 2024 versus 1970 (a $3,455,311,665.18 difference in value).

Between 1970 and 2024: Dallas experienced an average inflation rate of 3.90% per year. This rate of change indicates significant inflation. In other words, $500,000,000 in Dallas in the year 1970 would cost $3,955,311,665.18 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
Electricity · Film and photographic supplies · Admission to sporting events · Houston, Texas · More

Buying power of $500,000,000.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $500,000,000 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$500,000,000.006.22%
1971$515,360,641.143.07%
1972$530,387,355.302.92%
1973$557,880,676.765.18%
1974$613,201,246.669.92%
1975$669,857,524.499.24%
1976$710,707,925.206.10%
1977$763,023,152.277.36%
1978$822,684,772.937.82%
1979$924,866,429.2112.42%
1980$1,081,589,492.4316.95%
1981$1,208,593,054.3211.74%
1982$1,281,611,754.236.04%
1983$1,328,472,840.613.66%
1984$1,390,917,186.114.70%
1985$1,443,009,795.193.75%
1986$1,468,276,936.781.75%
1987$1,504,897,595.732.49%
1988$1,548,642,030.282.91%
1989$1,594,946,571.682.99%
1990$1,667,074,799.644.52%
1991$1,745,102,404.274.68%
1992$1,787,399,821.912.42%
1993$1,832,146,037.402.50%
1994$1,883,904,719.502.83%
1995$1,932,991,985.752.61%
1996$1,985,863,757.792.74%
1997$2,021,260,017.811.78%
1998$2,049,866,429.211.42%
1999$2,107,747,105.972.82%
2000$2,196,349,065.004.20%
2001$2,273,820,124.673.53%
2002$2,304,764,024.931.36%
2003$2,353,294,746.222.11%
2004$2,384,683,882.461.33%
2005$2,461,709,706.143.23%
2006$2,538,512,911.843.12%
2007$2,576,631,789.851.50%
2008$2,694,521,371.334.58%
2009$2,676,749,777.38-0.66%
2010$2,692,504,452.360.59%
2011$2,774,042,742.653.03%
2012$2,832,252,894.032.10%
2013$2,883,633,125.561.81%
2014$2,917,869,545.861.19%
2015$2,903,288,067.68-0.50%
2016$2,944,004,897.601.40%
2017$3,019,031,611.752.55%
2018$3,107,876,224.402.94%
2019$3,173,127,782.722.10%
2020$3,192,802,760.460.62%
2021$3,353,515,138.025.03%
2022$3,649,474,621.558.83%
2023$3,841,740,872.665.27%
2024$3,955,311,665.182.96%*

* 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
CPI29.50029.53329.85030.88331.83333.15035.24237.43338.58339.70841.76745.90850.15053.20857.12561.59269.24280.97590.48395.95099.458104.133108.033109.925112.667115.942119.408124.808130.650133.817137.167141.042144.717148.675151.325153.467157.800164.433170.233172.550176.183178.533184.300190.050192.904201.730200.399201.579207.683212.041215.888218.451217.359220.408226.025232.676237.561239.035251.066273.224287.618296.121

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 296.121 in 2024:

296.121 / 37.433 * $500,000,000 = $3,955,311,665.18

Therefore, according to U.S. Bureau of Labor Statistics, $500,000,000 in 1970 has the same "purchasing power" as $3,955,311,665.18 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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