Dallas, Texas prices: $6,500,000 in 1970 $51,569,425.65 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($6,500,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $45,069,425.65 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, $6,500,000 in Dallas in the year 1970 would cost $51,569,425.65 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 $6,500,000.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $6,500,000 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$6,500,000.006.22%
1971$6,699,688.333.07%
1972$6,895,035.622.92%
1973$7,252,448.805.18%
1974$7,971,616.219.92%
1975$8,708,147.829.24%
1976$9,239,203.036.10%
1977$9,919,300.987.36%
1978$10,694,902.057.82%
1979$12,023,263.5812.42%
1980$14,060,663.4016.95%
1981$15,711,709.7111.74%
1982$16,660,952.806.04%
1983$17,270,146.933.66%
1984$18,081,923.424.70%
1985$18,759,127.343.75%
1986$19,087,600.181.75%
1987$19,563,668.742.49%
1988$20,132,346.392.91%
1989$20,734,305.432.99%
1990$21,671,972.404.52%
1991$22,686,331.264.68%
1992$23,236,197.682.42%
1993$23,817,898.492.50%
1994$24,490,761.352.83%
1995$25,128,895.812.61%
1996$25,816,228.852.74%
1997$26,276,380.231.78%
1998$26,648,263.581.42%
1999$27,400,712.382.82%
2000$28,552,537.854.20%
2001$29,559,661.623.53%
2002$29,961,932.321.36%
2003$30,592,831.702.11%
2004$31,000,890.471.33%
2005$32,002,226.183.23%
2006$33,000,667.853.12%
2007$33,496,213.271.50%
2008$35,028,777.834.58%
2009$34,797,747.11-0.66%
2010$35,002,557.880.59%
2011$36,062,555.653.03%
2012$36,819,287.622.10%
2013$37,487,230.631.81%
2014$37,932,304.101.19%
2015$37,742,744.88-0.50%
2016$38,272,063.671.40%
2017$39,247,410.952.55%
2018$40,402,390.922.94%
2019$41,250,661.182.10%
2020$41,506,435.890.62%
2021$43,595,696.795.03%
2022$47,443,170.088.83%
2023$49,942,631.345.27%
2024$51,569,425.653.26%*

* 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 * $6,500,000 = $51,569,425.65

Therefore, according to U.S. Bureau of Labor Statistics, $6,500,000 in 1970 has the same "purchasing power" as $51,569,425.65 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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