Dallas, Texas prices: $9,000,000 in 1970 $71,403,820.12 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($9,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $62,403,820.12 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, $9,000,000 in Dallas in the year 1970 would cost $71,403,820.12 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 $9,000,000.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $9,000,000 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$9,000,000.006.22%
1971$9,276,491.543.07%
1972$9,546,972.402.92%
1973$10,041,852.185.18%
1974$11,037,622.449.92%
1975$12,057,435.449.24%
1976$12,792,742.656.10%
1977$13,734,416.747.36%
1978$14,808,325.917.82%
1979$16,647,595.7312.42%
1980$19,468,610.8616.95%
1981$21,754,674.9811.74%
1982$23,069,011.586.04%
1983$23,912,511.133.66%
1984$25,036,509.354.70%
1985$25,974,176.313.75%
1986$26,428,984.861.75%
1987$27,088,156.722.49%
1988$27,875,556.542.91%
1989$28,709,038.292.99%
1990$30,007,346.394.52%
1991$31,411,843.284.68%
1992$32,173,196.792.42%
1993$32,978,628.672.50%
1994$33,910,284.952.83%
1995$34,793,855.742.61%
1996$35,745,547.642.74%
1997$36,382,680.321.78%
1998$36,897,595.731.42%
1999$37,939,447.912.82%
2000$39,534,283.174.20%
2001$40,928,762.243.53%
2002$41,485,752.451.36%
2003$42,359,305.432.11%
2004$42,924,309.881.33%
2005$44,310,774.713.23%
2006$45,693,232.413.12%
2007$46,379,372.221.50%
2008$48,501,384.684.58%
2009$48,181,495.99-0.66%
2010$48,465,080.140.59%
2011$49,932,769.373.03%
2012$50,980,552.092.10%
2013$51,905,396.261.81%
2014$52,521,651.831.19%
2015$52,259,185.22-0.50%
2016$52,992,088.161.40%
2017$54,342,569.012.55%
2018$55,941,772.042.94%
2019$57,116,300.092.10%
2020$57,470,449.690.62%
2021$60,363,272.485.03%
2022$65,690,543.198.83%
2023$69,151,335.715.27%
2024$71,403,820.123.26%*

* 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 * $9,000,000 = $71,403,820.12

Therefore, according to U.S. Bureau of Labor Statistics, $9,000,000 in 1970 has the same "purchasing power" as $71,403,820.12 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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