Dallas, Texas prices: $1,500 in 1971 $11,545.93 in 2024

Inflation in Texas

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Prices in Dallas, 1971-2024 ($1,500)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 669.73% higher in 2024 versus 1971 (a $10,045.93 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, $1,500 in Dallas in the year 1971 would cost $11,545.93 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 $1,500.00 since 1971

Below are calculations of equivalent buying power in Dallas, over time, for $1,500 beginning in 1971. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1971$1,500.003.07%
1972$1,543.742.92%
1973$1,623.765.18%
1974$1,784.779.92%
1975$1,949.689.24%
1976$2,068.576.10%
1977$2,220.847.36%
1978$2,394.497.82%
1979$2,691.9012.42%
1980$3,148.0616.95%
1981$3,517.7111.74%
1982$3,730.246.04%
1983$3,866.633.66%
1984$4,048.384.70%
1985$4,200.003.75%
1986$4,273.541.75%
1987$4,380.132.49%
1988$4,507.452.91%
1989$4,642.222.99%
1990$4,852.164.52%
1991$5,079.274.68%
1992$5,202.382.42%
1993$5,332.612.50%
1994$5,483.262.83%
1995$5,626.132.61%
1996$5,780.022.74%
1997$5,883.051.78%
1998$5,966.311.42%
1999$6,134.772.82%
2000$6,392.664.20%
2001$6,618.143.53%
2002$6,708.211.36%
2003$6,849.462.11%
2004$6,940.821.33%
2005$7,165.013.23%
2006$7,388.553.12%
2007$7,499.501.50%
2008$7,842.634.58%
2009$7,790.90-0.66%
2010$7,836.760.59%
2011$8,074.083.03%
2012$8,243.512.10%
2013$8,393.051.81%
2014$8,492.701.19%
2015$8,450.26-0.50%
2016$8,568.771.40%
2017$8,787.142.55%
2018$9,045.732.94%
2019$9,235.652.10%
2020$9,292.920.62%
2021$9,760.685.03%
2022$10,622.108.83%
2023$11,181.715.27%
2024$11,545.933.26%*

* 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 * $1,500 = $11,545.93

Therefore, according to U.S. Bureau of Labor Statistics, $1,500 in 1971 has the same "purchasing power" as $11,545.93 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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