Dallas, Texas prices: $584 in 1970 $4,633.31 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($584)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $4,049.31 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, $584 in Dallas in the year 1970 would cost $4,633.31 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 $584.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $584 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$584.006.22%
1971$601.943.07%
1972$619.492.92%
1973$651.605.18%
1974$716.229.92%
1975$782.399.24%
1976$830.116.10%
1977$891.217.36%
1978$960.907.82%
1979$1,080.2412.42%
1980$1,263.3016.95%
1981$1,411.6411.74%
1982$1,496.926.04%
1983$1,551.663.66%
1984$1,624.594.70%
1985$1,685.443.75%
1986$1,714.951.75%
1987$1,757.722.49%
1988$1,808.812.91%
1989$1,862.902.99%
1990$1,947.144.52%
1991$2,038.284.68%
1992$2,087.682.42%
1993$2,139.952.50%
1994$2,200.402.83%
1995$2,257.732.61%
1996$2,319.492.74%
1997$2,360.831.78%
1998$2,394.241.42%
1999$2,461.852.82%
2000$2,565.344.20%
2001$2,655.823.53%
2002$2,691.961.36%
2003$2,748.652.11%
2004$2,785.311.33%
2005$2,875.283.23%
2006$2,964.983.12%
2007$3,009.511.50%
2008$3,147.204.58%
2009$3,126.44-0.66%
2010$3,144.850.59%
2011$3,240.083.03%
2012$3,308.072.10%
2013$3,368.081.81%
2014$3,408.071.19%
2015$3,391.04-0.50%
2016$3,438.601.40%
2017$3,526.232.55%
2018$3,630.002.94%
2019$3,706.212.10%
2020$3,729.190.62%
2021$3,916.915.03%
2022$4,262.598.83%
2023$4,487.155.27%
2024$4,633.313.26%*

* 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 * $584 = $4,633.31

Therefore, according to U.S. Bureau of Labor Statistics, $584 in 1970 has the same "purchasing power" as $4,633.31 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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