Dallas, Texas prices: $10,000,000 in 1971 $76,972,872.57 in 2024

Inflation in Texas

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Prices in Dallas, 1971-2024 ($10,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 669.73% higher in 2024 versus 1971 (a $66,972,872.57 difference in value).

Between 1971 and 2024: Dallas experienced an average inflation rate of 3.93% per year. This rate of change indicates significant inflation. In other words, $10,000,000 in Dallas in the year 1971 would cost $76,972,872.57 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.92% during this same period, inflation in Dallas was higher.

In the year 1971: Pricing changed by 3.07%, which is below the average yearly change in Dallas during the 1971-2024 time period. Compared to inflation for all items in 1971 (4.30%), inflation in Dallas was lower.

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 $10,000,000.00 since 1971

Below are calculations of equivalent buying power in Dallas, over time, for $10,000,000 beginning in 1971. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1971$10,000,000.003.07%
1972$10,291,576.672.92%
1973$10,825,054.005.18%
1974$11,898,488.129.92%
1975$12,997,840.179.24%
1976$13,790,496.766.10%
1977$14,805,615.557.36%
1978$15,963,282.947.82%
1979$17,946,004.3212.42%
1980$20,987,041.0416.95%
1981$23,451,403.8911.74%
1982$24,868,250.546.04%
1983$25,777,537.803.66%
1984$26,989,200.864.70%
1985$28,000,000.003.75%
1986$28,490,280.781.75%
1987$29,200,863.932.49%
1988$30,049,676.032.91%
1989$30,948,164.152.99%
1990$32,347,732.184.52%
1991$33,861,771.064.68%
1992$34,682,505.402.42%
1993$35,550,755.942.50%
1994$36,555,075.592.83%
1995$37,507,559.402.61%
1996$38,533,477.322.74%
1997$39,220,302.381.78%
1998$39,775,377.971.42%
1999$40,898,488.122.82%
2000$42,617,710.584.20%
2001$44,120,950.323.53%
2002$44,721,382.291.36%
2003$45,663,066.952.11%
2004$46,272,138.231.33%
2005$47,766,738.663.23%
2006$49,257,019.443.12%
2007$49,996,673.871.50%
2008$52,284,190.064.58%
2009$51,939,352.05-0.66%
2010$52,245,054.000.59%
2011$53,827,213.823.03%
2012$54,956,717.062.10%
2013$55,953,693.301.81%
2014$56,618,012.961.19%
2015$56,335,075.59-0.50%
2016$57,125,140.391.40%
2017$58,580,950.322.55%
2018$60,304,881.212.94%
2019$61,571,015.122.10%
2020$61,952,786.180.62%
2021$65,071,231.105.03%
2022$70,813,995.688.83%
2023$74,544,708.425.27%
2024$76,972,872.573.26%*

* 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 1971 * 1971 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 38.583 in the year 1971 and 296.987 in 2024:

296.987 / 38.583 * $10,000,000 = $76,972,872.57

Therefore, according to U.S. Bureau of Labor Statistics, $10,000,000 in 1971 has the same "purchasing power" as $76,972,872.57 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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