Dallas, Texas prices: $60 in 1971 $461.84 in 2024

Inflation in Texas

$

Prices in Dallas, 1971-2024 ($60)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 669.73% higher in 2024 versus 1971 (a $401.84 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, $60 in Dallas in the year 1971 would cost $461.84 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
Film and photographic supplies · Minneapolis-St Paul, Minnesota · Televisions · Denver, Colorado · More

Buying power of $60.00 since 1971

Below are calculations of equivalent buying power in Dallas, over time, for $60 beginning in 1971. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1971$60.003.07%
1972$61.752.92%
1973$64.955.18%
1974$71.399.92%
1975$77.999.24%
1976$82.746.10%
1977$88.837.36%
1978$95.787.82%
1979$107.6812.42%
1980$125.9216.95%
1981$140.7111.74%
1982$149.216.04%
1983$154.673.66%
1984$161.944.70%
1985$168.003.75%
1986$170.941.75%
1987$175.212.49%
1988$180.302.91%
1989$185.692.99%
1990$194.094.52%
1991$203.174.68%
1992$208.102.42%
1993$213.302.50%
1994$219.332.83%
1995$225.052.61%
1996$231.202.74%
1997$235.321.78%
1998$238.651.42%
1999$245.392.82%
2000$255.714.20%
2001$264.733.53%
2002$268.331.36%
2003$273.982.11%
2004$277.631.33%
2005$286.603.23%
2006$295.543.12%
2007$299.981.50%
2008$313.714.58%
2009$311.64-0.66%
2010$313.470.59%
2011$322.963.03%
2012$329.742.10%
2013$335.721.81%
2014$339.711.19%
2015$338.01-0.50%
2016$342.751.40%
2017$351.492.55%
2018$361.832.94%
2019$369.432.10%
2020$371.720.62%
2021$390.435.03%
2022$424.888.83%
2023$447.275.27%
2024$461.843.26%*

* 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 * $60 = $461.84

Therefore, according to U.S. Bureau of Labor Statistics, $60 in 1971 has the same "purchasing power" as $461.84 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.