Dallas, Texas prices: $300 in 1971 $2,309.19 in 2024

Inflation in Texas

$

Prices in Dallas, 1971-2024 ($300)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 669.73% higher in 2024 versus 1971 (a $2,009.19 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, $300 in Dallas in the year 1971 would cost $2,309.19 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
Legal services · Wireless telephone services · Dental services · New York · More

Buying power of $300.00 since 1971

Below are calculations of equivalent buying power in Dallas, over time, for $300 beginning in 1971. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1971$300.003.07%
1972$308.752.92%
1973$324.755.18%
1974$356.959.92%
1975$389.949.24%
1976$413.716.10%
1977$444.177.36%
1978$478.907.82%
1979$538.3812.42%
1980$629.6116.95%
1981$703.5411.74%
1982$746.056.04%
1983$773.333.66%
1984$809.684.70%
1985$840.003.75%
1986$854.711.75%
1987$876.032.49%
1988$901.492.91%
1989$928.442.99%
1990$970.434.52%
1991$1,015.854.68%
1992$1,040.482.42%
1993$1,066.522.50%
1994$1,096.652.83%
1995$1,125.232.61%
1996$1,156.002.74%
1997$1,176.611.78%
1998$1,193.261.42%
1999$1,226.952.82%
2000$1,278.534.20%
2001$1,323.633.53%
2002$1,341.641.36%
2003$1,369.892.11%
2004$1,388.161.33%
2005$1,433.003.23%
2006$1,477.713.12%
2007$1,499.901.50%
2008$1,568.534.58%
2009$1,558.18-0.66%
2010$1,567.350.59%
2011$1,614.823.03%
2012$1,648.702.10%
2013$1,678.611.81%
2014$1,698.541.19%
2015$1,690.05-0.50%
2016$1,713.751.40%
2017$1,757.432.55%
2018$1,809.152.94%
2019$1,847.132.10%
2020$1,858.580.62%
2021$1,952.145.03%
2022$2,124.428.83%
2023$2,236.345.27%
2024$2,309.193.26%*

* 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 * $300 = $2,309.19

Therefore, according to U.S. Bureau of Labor Statistics, $300 in 1971 has the same "purchasing power" as $2,309.19 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.

» Read more about inflation and investment.