Dallas, Texas prices: $650 in 1970 $5,156.94 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($650)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $4,506.94 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, $650 in Dallas in the year 1970 would cost $5,156.94 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 $650.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $650 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$650.006.22%
1971$669.973.07%
1972$689.502.92%
1973$725.245.18%
1974$797.169.92%
1975$870.819.24%
1976$923.926.10%
1977$991.937.36%
1978$1,069.497.82%
1979$1,202.3312.42%
1980$1,406.0716.95%
1981$1,571.1711.74%
1982$1,666.106.04%
1983$1,727.013.66%
1984$1,808.194.70%
1985$1,875.913.75%
1986$1,908.761.75%
1987$1,956.372.49%
1988$2,013.232.91%
1989$2,073.432.99%
1990$2,167.204.52%
1991$2,268.634.68%
1992$2,323.622.42%
1993$2,381.792.50%
1994$2,449.082.83%
1995$2,512.892.61%
1996$2,581.622.74%
1997$2,627.641.78%
1998$2,664.831.42%
1999$2,740.072.82%
2000$2,855.254.20%
2001$2,955.973.53%
2002$2,996.191.36%
2003$3,059.282.11%
2004$3,100.091.33%
2005$3,200.223.23%
2006$3,300.073.12%
2007$3,349.621.50%
2008$3,502.884.58%
2009$3,479.77-0.66%
2010$3,500.260.59%
2011$3,606.263.03%
2012$3,681.932.10%
2013$3,748.721.81%
2014$3,793.231.19%
2015$3,774.27-0.50%
2016$3,827.211.40%
2017$3,924.742.55%
2018$4,040.242.94%
2019$4,125.072.10%
2020$4,150.640.62%
2021$4,359.575.03%
2022$4,744.328.83%
2023$4,994.265.27%
2024$5,156.943.26%*

* 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 * $650 = $5,156.94

Therefore, according to U.S. Bureau of Labor Statistics, $650 in 1970 has the same "purchasing power" as $5,156.94 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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