Dallas, Texas prices: $6,500,000 in 1972 $48,614,870.93 in 2024

Inflation in Texas

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Prices in Dallas, 1972-2024 ($6,500,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 647.92% higher in 2024 versus 1972 (a $42,114,870.93 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, $6,500,000 in Dallas in the year 1972 would cost $48,614,870.93 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 $6,500,000.00 since 1972

Below are calculations of equivalent buying power in Dallas, over time, for $6,500,000 beginning in 1972. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1972$6,500,000.002.92%
1973$6,836,935.995.18%
1974$7,514,900.319.92%
1975$8,209,234.009.24%
1976$8,709,863.596.10%
1977$9,350,996.857.36%
1978$10,082,161.597.82%
1979$11,334,417.6312.42%
1980$13,255,089.1916.95%
1981$14,811,542.5011.74%
1982$15,706,400.846.04%
1983$16,280,692.553.66%
1984$17,045,960.134.70%
1985$17,684,365.163.75%
1986$17,994,018.891.75%
1987$18,442,812.172.49%
1988$18,978,908.712.91%
1989$19,546,379.852.99%
1990$20,430,325.294.52%
1991$21,386,568.734.68%
1992$21,904,931.792.42%
1993$22,453,305.352.50%
1994$23,087,618.052.83%
1995$23,689,192.032.61%
1996$24,337,145.862.74%
1997$24,770,933.891.78%
1998$25,121,511.021.42%
1999$25,830,849.952.82%
2000$26,916,684.164.20%
2001$27,866,107.033.53%
2002$28,245,330.541.36%
2003$28,840,083.952.11%
2004$29,224,763.901.33%
2005$30,168,730.333.23%
2006$31,109,968.523.12%
2007$31,577,122.771.50%
2008$33,021,882.484.58%
2009$32,804,088.14-0.66%
2010$32,997,164.740.59%
2011$33,996,432.323.03%
2012$34,709,809.022.10%
2013$35,339,483.741.81%
2014$35,759,057.711.19%
2015$35,580,358.87-0.50%
2016$36,079,351.521.40%
2017$36,998,818.472.55%
2018$38,087,626.442.94%
2019$38,887,296.962.10%
2020$39,128,417.630.62%
2021$41,097,979.015.03%
2022$44,725,019.948.83%
2023$47,081,280.175.27%
2024$48,614,870.933.26%*

* 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 * $6,500,000 = $48,614,870.93

Therefore, according to U.S. Bureau of Labor Statistics, $6,500,000 in 1972 has the same "purchasing power" as $48,614,870.93 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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