Dallas, Texas prices: $10,550 in 1971 $81,206.38 in 2024

Inflation in Texas

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Prices in Dallas, 1971-2024 ($10,550)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 669.73% higher in 2024 versus 1971 (a $70,656.38 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, $10,550 in Dallas in the year 1971 would cost $81,206.38 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 $10,550.00 since 1971

Below are calculations of equivalent buying power in Dallas, over time, for $10,550 beginning in 1971. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1971$10,550.003.07%
1972$10,857.612.92%
1973$11,420.435.18%
1974$12,552.909.92%
1975$13,712.729.24%
1976$14,548.976.10%
1977$15,619.927.36%
1978$16,841.267.82%
1979$18,933.0312.42%
1980$22,141.3316.95%
1981$24,741.2311.74%
1982$26,236.006.04%
1983$27,195.303.66%
1984$28,473.614.70%
1985$29,540.003.75%
1986$30,057.251.75%
1987$30,806.912.49%
1988$31,702.412.91%
1989$32,650.312.99%
1990$34,126.864.52%
1991$35,724.174.68%
1992$36,590.042.42%
1993$37,506.052.50%
1994$38,565.602.83%
1995$39,570.482.61%
1996$40,652.822.74%
1997$41,377.421.78%
1998$41,963.021.42%
1999$43,147.902.82%
2000$44,961.684.20%
2001$46,547.603.53%
2002$47,181.061.36%
2003$48,174.542.11%
2004$48,817.111.33%
2005$50,393.913.23%
2006$51,966.163.12%
2007$52,746.491.50%
2008$55,159.824.58%
2009$54,796.02-0.66%
2010$55,118.530.59%
2011$56,787.713.03%
2012$57,979.342.10%
2013$59,031.151.81%
2014$59,732.001.19%
2015$59,433.50-0.50%
2016$60,267.021.40%
2017$61,802.902.55%
2018$63,621.652.94%
2019$64,957.422.10%
2020$65,360.190.62%
2021$68,650.155.03%
2022$74,708.778.83%
2023$78,644.675.27%
2024$81,206.383.26%*

* 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 * $10,550 = $81,206.38

Therefore, according to U.S. Bureau of Labor Statistics, $10,550 in 1971 has the same "purchasing power" as $81,206.38 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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