Dallas, Texas prices: $4,000,000 in 1972 $29,916,843.65 in 2024

Inflation in Texas

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Prices in Dallas, 1972-2024 ($4,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 647.92% higher in 2024 versus 1972 (a $25,916,843.65 difference in value).

Between 1972 and 2024: Dallas experienced an average inflation rate of 3.95% per year. This rate of change indicates significant inflation. In other words, $4,000,000 in Dallas in the year 1972 would cost $29,916,843.65 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.93% during this same period, inflation in Dallas was higher.

In the year 1972: Pricing changed by 2.92%, which is below the average yearly change in Dallas during the 1972-2024 time period. Compared to inflation for all items in 1972 (3.27%), 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 $4,000,000.00 since 1972

Below are calculations of equivalent buying power in Dallas, over time, for $4,000,000 beginning in 1972. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1972$4,000,000.002.92%
1973$4,207,345.235.18%
1974$4,624,554.049.92%
1975$5,051,836.319.24%
1976$5,359,916.056.10%
1977$5,754,459.607.36%
1978$6,204,407.147.82%
1979$6,975,026.2312.42%
1980$8,156,977.9616.95%
1981$9,114,795.3811.74%
1982$9,665,477.446.04%
1983$10,018,887.723.66%
1984$10,489,821.624.70%
1985$10,882,686.253.75%
1986$11,073,242.391.75%
1987$11,349,422.882.49%
1988$11,679,328.442.91%
1989$12,028,541.452.99%
1990$12,572,507.874.52%
1991$13,160,965.374.68%
1992$13,479,958.032.42%
1993$13,817,418.682.50%
1994$14,207,764.952.83%
1995$14,577,964.322.61%
1996$14,976,705.142.74%
1997$15,243,651.631.78%
1998$15,459,391.401.42%
1999$15,895,907.662.82%
2000$16,564,113.334.20%
2001$17,148,373.563.53%
2002$17,381,741.871.36%
2003$17,747,743.972.11%
2004$17,984,470.091.33%
2005$18,565,372.513.23%
2006$19,144,596.013.12%
2007$19,432,075.551.50%
2008$20,321,158.454.58%
2009$20,187,131.16-0.66%
2010$20,305,947.530.59%
2011$20,920,881.433.03%
2012$21,359,882.482.10%
2013$21,747,374.611.81%
2014$22,005,573.981.19%
2015$21,895,605.46-0.50%
2016$22,202,677.861.40%
2017$22,768,503.672.55%
2018$23,438,539.352.94%
2019$23,930,644.282.10%
2020$24,079,026.230.62%
2021$25,291,064.015.03%
2022$27,523,089.198.83%
2023$28,973,095.495.27%
2024$29,916,843.653.26%*

* 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 1972 * 1972 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 39.708 in the year 1972 and 296.987 in 2024:

296.987 / 39.708 * $4,000,000 = $29,916,843.65

Therefore, according to U.S. Bureau of Labor Statistics, $4,000,000 in 1972 has the same "purchasing power" as $29,916,843.65 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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