Dallas, Texas prices: $8,000 in 1970 $63,470.06 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($8,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $55,470.06 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, $8,000 in Dallas in the year 1970 would cost $63,470.06 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 $8,000.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $8,000 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$8,000.006.22%
1971$8,245.773.07%
1972$8,486.202.92%
1973$8,926.095.18%
1974$9,811.229.92%
1975$10,717.729.24%
1976$11,371.336.10%
1977$12,208.377.36%
1978$13,162.967.82%
1979$14,797.8612.42%
1980$17,305.4316.95%
1981$19,337.4911.74%
1982$20,505.796.04%
1983$21,255.573.66%
1984$22,254.674.70%
1985$23,088.163.75%
1986$23,492.431.75%
1987$24,078.362.49%
1988$24,778.272.91%
1989$25,519.152.99%
1990$26,673.204.52%
1991$27,921.644.68%
1992$28,598.402.42%
1993$29,314.342.50%
1994$30,142.482.83%
1995$30,927.872.61%
1996$31,773.822.74%
1997$32,340.161.78%
1998$32,797.861.42%
1999$33,723.952.82%
2000$35,141.594.20%
2001$36,381.123.53%
2002$36,876.221.36%
2003$37,652.722.11%
2004$38,154.941.33%
2005$39,387.363.23%
2006$40,616.213.12%
2007$41,226.111.50%
2008$43,112.344.58%
2009$42,828.00-0.66%
2010$43,080.070.59%
2011$44,384.683.03%
2012$45,316.052.10%
2013$46,138.131.81%
2014$46,685.911.19%
2015$46,452.61-0.50%
2016$47,104.081.40%
2017$48,304.512.55%
2018$49,726.022.94%
2019$50,770.042.10%
2020$51,084.840.62%
2021$53,656.245.03%
2022$58,391.598.83%
2023$61,467.855.27%
2024$63,470.063.26%*

* 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 * $8,000 = $63,470.06

Therefore, according to U.S. Bureau of Labor Statistics, $8,000 in 1970 has the same "purchasing power" as $63,470.06 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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