Dallas, Texas prices: $8,300 in 1970 $65,850.19 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($8,300)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $57,550.19 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, $8,300 in Dallas in the year 1970 would cost $65,850.19 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 $8,300.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $8,300 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$8,300.006.22%
1971$8,554.993.07%
1972$8,804.432.92%
1973$9,260.825.18%
1974$10,179.149.92%
1975$11,119.639.24%
1976$11,797.756.10%
1977$12,666.187.36%
1978$13,656.577.82%
1979$15,352.7812.42%
1980$17,954.3916.95%
1981$20,062.6411.74%
1982$21,274.766.04%
1983$22,052.653.66%
1984$23,089.234.70%
1985$23,953.963.75%
1986$24,373.401.75%
1987$24,981.302.49%
1988$25,707.462.91%
1989$26,476.112.99%
1990$27,673.444.52%
1991$28,968.704.68%
1992$29,670.842.42%
1993$30,413.622.50%
1994$31,272.822.83%
1995$32,087.672.61%
1996$32,965.342.74%
1997$33,552.921.78%
1998$34,027.781.42%
1999$34,988.602.82%
2000$36,459.394.20%
2001$37,745.413.53%
2002$38,259.081.36%
2003$39,064.692.11%
2004$39,585.751.33%
2005$40,864.383.23%
2006$42,139.313.12%
2007$42,772.091.50%
2008$44,729.054.58%
2009$44,434.05-0.66%
2010$44,695.570.59%
2011$46,049.113.03%
2012$47,015.402.10%
2013$47,868.311.81%
2014$48,436.631.19%
2015$48,194.58-0.50%
2016$48,870.481.40%
2017$50,115.922.55%
2018$51,590.752.94%
2019$52,673.922.10%
2020$53,000.530.62%
2021$55,668.355.03%
2022$60,581.288.83%
2023$63,772.905.27%
2024$65,850.193.26%*

* 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 * $8,300 = $65,850.19

Therefore, according to U.S. Bureau of Labor Statistics, $8,300 in 1970 has the same "purchasing power" as $65,850.19 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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