Dallas, Texas prices: $7,200 in 1970 $57,123.06 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($7,200)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $49,923.06 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, $7,200 in Dallas in the year 1970 would cost $57,123.06 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.93% 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 $7,200.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $7,200 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$7,200.006.22%
1971$7,421.193.07%
1972$7,637.582.92%
1973$8,033.485.18%
1974$8,830.109.92%
1975$9,645.959.24%
1976$10,234.196.10%
1977$10,987.537.36%
1978$11,846.667.82%
1979$13,318.0812.42%
1980$15,574.8916.95%
1981$17,403.7411.74%
1982$18,455.216.04%
1983$19,130.013.66%
1984$20,029.214.70%
1985$20,779.343.75%
1986$21,143.191.75%
1987$21,670.532.49%
1988$22,300.452.91%
1989$22,967.232.99%
1990$24,005.884.52%
1991$25,129.474.68%
1992$25,738.562.42%
1993$26,382.902.50%
1994$27,128.232.83%
1995$27,835.082.61%
1996$28,596.442.74%
1997$29,106.141.78%
1998$29,518.081.42%
1999$30,351.562.82%
2000$31,627.434.20%
2001$32,743.013.53%
2002$33,188.601.36%
2003$33,887.442.11%
2004$34,339.451.33%
2005$35,448.623.23%
2006$36,554.593.12%
2007$37,103.501.50%
2008$38,801.114.58%
2009$38,545.20-0.66%
2010$38,772.060.59%
2011$39,946.223.03%
2012$40,784.442.10%
2013$41,524.321.81%
2014$42,017.321.19%
2015$41,807.35-0.50%
2016$42,393.671.40%
2017$43,474.062.55%
2018$44,753.422.94%
2019$45,693.042.10%
2020$45,976.360.62%
2021$48,290.625.03%
2022$52,552.438.83%
2023$55,321.075.27%
2024$57,123.063.26%*

* 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 * $7,200 = $57,123.06

Therefore, according to U.S. Bureau of Labor Statistics, $7,200 in 1970 has the same "purchasing power" as $57,123.06 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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