Dallas, Texas prices: $8,060 in 1970 $63,946.09 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($8,060)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $55,886.09 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, $8,060 in Dallas in the year 1970 would cost $63,946.09 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
Housing · New York · Public transportation · Houston, Texas · More

Buying power of $8,060.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $8,060 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$8,060.006.22%
1971$8,307.613.07%
1972$8,549.842.92%
1973$8,993.045.18%
1974$9,884.809.92%
1975$10,798.109.24%
1976$11,456.616.10%
1977$12,299.937.36%
1978$13,261.687.82%
1979$14,908.8512.42%
1980$17,435.2216.95%
1981$19,482.5211.74%
1982$20,659.586.04%
1983$21,414.983.66%
1984$22,421.594.70%
1985$23,261.323.75%
1986$23,668.621.75%
1987$24,258.952.49%
1988$24,964.112.91%
1989$25,710.542.99%
1990$26,873.254.52%
1991$28,131.054.68%
1992$28,812.892.42%
1993$29,534.192.50%
1994$30,368.542.83%
1995$31,159.832.61%
1996$32,012.122.74%
1997$32,582.711.78%
1998$33,043.851.42%
1999$33,976.882.82%
2000$35,405.154.20%
2001$36,653.983.53%
2002$37,152.801.36%
2003$37,935.112.11%
2004$38,441.101.33%
2005$39,682.763.23%
2006$40,920.833.12%
2007$41,535.301.50%
2008$43,435.684.58%
2009$43,149.21-0.66%
2010$43,403.170.59%
2011$44,717.573.03%
2012$45,655.922.10%
2013$46,484.171.81%
2014$47,036.061.19%
2015$46,801.00-0.50%
2016$47,457.361.40%
2017$48,666.792.55%
2018$50,098.962.94%
2019$51,150.822.10%
2020$51,467.980.62%
2021$54,058.665.03%
2022$58,829.538.83%
2023$61,928.865.27%
2024$63,946.093.26%*

* 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 * $8,060 = $63,946.09

Therefore, according to U.S. Bureau of Labor Statistics, $8,060 in 1970 has the same "purchasing power" as $63,946.09 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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