Dallas, Texas prices: $2,000 in 1971 $15,394.57 in 2024

Inflation in Texas

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Prices in Dallas, 1971-2024 ($2,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 669.73% higher in 2024 versus 1971 (a $13,394.57 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, $2,000 in Dallas in the year 1971 would cost $15,394.57 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 $2,000.00 since 1971

Below are calculations of equivalent buying power in Dallas, over time, for $2,000 beginning in 1971. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1971$2,000.003.07%
1972$2,058.322.92%
1973$2,165.015.18%
1974$2,379.709.92%
1975$2,599.579.24%
1976$2,758.106.10%
1977$2,961.127.36%
1978$3,192.667.82%
1979$3,589.2012.42%
1980$4,197.4116.95%
1981$4,690.2811.74%
1982$4,973.656.04%
1983$5,155.513.66%
1984$5,397.844.70%
1985$5,600.003.75%
1986$5,698.061.75%
1987$5,840.172.49%
1988$6,009.942.91%
1989$6,189.632.99%
1990$6,469.554.52%
1991$6,772.354.68%
1992$6,936.502.42%
1993$7,110.152.50%
1994$7,311.022.83%
1995$7,501.512.61%
1996$7,706.702.74%
1997$7,844.061.78%
1998$7,955.081.42%
1999$8,179.702.82%
2000$8,523.544.20%
2001$8,824.193.53%
2002$8,944.281.36%
2003$9,132.612.11%
2004$9,254.431.33%
2005$9,553.353.23%
2006$9,851.403.12%
2007$9,999.331.50%
2008$10,456.844.58%
2009$10,387.87-0.66%
2010$10,449.010.59%
2011$10,765.443.03%
2012$10,991.342.10%
2013$11,190.741.81%
2014$11,323.601.19%
2015$11,267.02-0.50%
2016$11,425.031.40%
2017$11,716.192.55%
2018$12,060.982.94%
2019$12,314.202.10%
2020$12,390.560.62%
2021$13,014.255.03%
2022$14,162.808.83%
2023$14,908.945.27%
2024$15,394.573.26%*

* 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 * $2,000 = $15,394.57

Therefore, according to U.S. Bureau of Labor Statistics, $2,000 in 1971 has the same "purchasing power" as $15,394.57 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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