Dallas, Texas prices: $24,000 in 1971 $188,723.71 in 2025

Inflation in Texas

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Prices in Dallas, 1971-2025 ($24,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 686.35% higher in 2025 versus 1971 (a $164,723.71 difference in value).

Between 1971 and 2025: Dallas experienced an average inflation rate of 3.89% per year. This rate of change indicates significant inflation. In other words, $24,000 in Dallas in the year 1971 would cost $188,723.71 in 2025 for an equivalent purchase. Compared to the overall inflation rate of 3.91% during this same period, inflation in Dallas was lower.

In the year 1971: Pricing changed by 3.07%, which is below the average yearly change in Dallas during the 1971-2025 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 $24,000.00 since 1971

Below are calculations of equivalent buying power in Dallas, over time, for $24,000 beginning in 1971. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1971$24,000.003.07%
1972$24,699.782.92%
1973$25,980.135.18%
1974$28,556.379.92%
1975$31,194.829.24%
1976$33,097.196.10%
1977$35,533.487.36%
1978$38,311.887.82%
1979$43,070.4112.42%
1980$50,368.9016.95%
1981$56,283.3711.74%
1982$59,683.806.04%
1983$61,866.093.66%
1984$64,774.084.70%
1985$67,200.003.75%
1986$68,376.671.75%
1987$70,082.072.49%
1988$72,119.222.91%
1989$74,275.592.99%
1990$77,634.564.52%
1991$81,268.254.68%
1992$83,238.012.42%
1993$85,321.812.50%
1994$87,732.182.83%
1995$90,018.142.61%
1996$92,480.352.74%
1997$94,128.731.78%
1998$95,460.911.42%
1999$98,156.372.82%
2000$102,282.514.20%
2001$105,890.283.53%
2002$107,331.321.36%
2003$109,591.362.11%
2004$111,053.131.33%
2005$114,640.173.23%
2006$118,216.853.12%
2007$119,992.021.50%
2008$125,482.064.58%
2009$124,654.44-0.66%
2010$125,388.130.59%
2011$129,185.313.03%
2012$131,896.122.10%
2013$134,288.861.81%
2014$135,883.231.19%
2015$135,204.18-0.50%
2016$137,100.341.40%
2017$140,594.282.55%
2018$144,731.712.94%
2019$147,770.442.10%
2020$148,686.690.62%
2021$156,170.955.03%
2022$169,953.598.83%
2023$178,907.305.27%
2024$185,979.063.95%
2025$188,723.711.48%*

* 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:

Year196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025
CPI29.50029.53329.85030.88331.83333.15035.24237.43338.58339.70841.76745.90850.15053.20857.12561.59269.24280.97590.48395.95099.458104.133108.033109.925112.667115.942119.408124.808130.650133.817137.167141.042144.717148.675151.325153.467157.800164.433170.233172.550176.183178.533184.300190.050192.904201.730200.399201.579207.683212.041215.888218.451217.359220.408226.025232.676237.561239.035251.066273.224287.618298.987303.400

Adjust Dallas prices for inflation

Start with the inflation rate formula:

CPI in 2025 / CPI in 1971 * 1971 USD value = 2025 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 303.400 in 2025:

303.400 / 38.583 * $24,000 = $188,723.71

Therefore, according to U.S. Bureau of Labor Statistics, $24,000 in 1971 has the same "purchasing power" as $188,723.71 in 2025 (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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