Dallas, Texas prices: $5 in 1971 $38.49 in 2024

Inflation in Texas

$

Prices in Dallas, 1971-2024 ($5)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 669.73% higher in 2024 versus 1971 (a $33.49 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, $5 in Dallas in the year 1971 would cost $38.49 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
New cars · Admission to sporting events · Food · Fresh fruits · More

Buying power of $5.00 since 1971

Below are calculations of equivalent buying power in Dallas, over time, for $5 beginning in 1971. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1971$5.003.07%
1972$5.152.92%
1973$5.415.18%
1974$5.959.92%
1975$6.509.24%
1976$6.906.10%
1977$7.407.36%
1978$7.987.82%
1979$8.9712.42%
1980$10.4916.95%
1981$11.7311.74%
1982$12.436.04%
1983$12.893.66%
1984$13.494.70%
1985$14.003.75%
1986$14.251.75%
1987$14.602.49%
1988$15.022.91%
1989$15.472.99%
1990$16.174.52%
1991$16.934.68%
1992$17.342.42%
1993$17.782.50%
1994$18.282.83%
1995$18.752.61%
1996$19.272.74%
1997$19.611.78%
1998$19.891.42%
1999$20.452.82%
2000$21.314.20%
2001$22.063.53%
2002$22.361.36%
2003$22.832.11%
2004$23.141.33%
2005$23.883.23%
2006$24.633.12%
2007$25.001.50%
2008$26.144.58%
2009$25.97-0.66%
2010$26.120.59%
2011$26.913.03%
2012$27.482.10%
2013$27.981.81%
2014$28.311.19%
2015$28.17-0.50%
2016$28.561.40%
2017$29.292.55%
2018$30.152.94%
2019$30.792.10%
2020$30.980.62%
2021$32.545.03%
2022$35.418.83%
2023$37.275.27%
2024$38.493.26%*

* 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 * $5 = $38.49

Therefore, according to U.S. Bureau of Labor Statistics, $5 in 1971 has the same "purchasing power" as $38.49 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.