Dallas, Texas prices: $51,750 in 1970 $410,571.97 in 2024

Inflation in Texas

$

Prices in Dallas, 1970-2024 ($51,750)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $358,821.97 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, $51,750 in Dallas in the year 1970 would cost $410,571.97 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
Educational books and supplies · Detroit, Michigan · Alcoholic beverages · Wine at home · More

Buying power of $51,750.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $51,750 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$51,750.006.22%
1971$53,339.833.07%
1972$54,895.092.92%
1973$57,740.655.18%
1974$63,466.339.92%
1975$69,330.259.24%
1976$73,558.276.10%
1977$78,972.907.36%
1978$85,147.877.82%
1979$95,723.6812.42%
1980$111,944.5116.95%
1981$125,089.3811.74%
1982$132,646.826.04%
1983$137,496.943.66%
1984$143,959.934.70%
1985$149,351.513.75%
1986$151,966.661.75%
1987$155,756.902.49%
1988$160,284.452.91%
1989$165,076.972.99%
1990$172,542.244.52%
1991$180,618.104.68%
1992$184,995.882.42%
1993$189,627.112.50%
1994$194,984.142.83%
1995$200,064.672.61%
1996$205,536.902.74%
1997$209,200.411.78%
1998$212,161.181.42%
1999$218,151.832.82%
2000$227,322.134.20%
2001$235,340.383.53%
2002$238,543.081.36%
2003$243,566.012.11%
2004$246,814.781.33%
2005$254,786.953.23%
2006$262,736.093.12%
2007$266,681.391.50%
2008$278,882.964.58%
2009$277,043.60-0.66%
2010$278,674.210.59%
2011$287,113.423.03%
2012$293,138.172.10%
2013$298,456.031.81%
2014$301,999.501.19%
2015$300,490.32-0.50%
2016$304,704.511.40%
2017$312,469.772.55%
2018$321,665.192.94%
2019$328,418.732.10%
2020$330,455.090.62%
2021$347,088.825.03%
2022$377,720.628.83%
2023$397,620.185.27%
2024$410,571.973.26%*

* 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 * $51,750 = $410,571.97

Therefore, according to U.S. Bureau of Labor Statistics, $51,750 in 1970 has the same "purchasing power" as $410,571.97 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.