Dallas, Texas prices: $1,000,000 in 1973 $7,110,622.51 in 2024

Inflation in Texas

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Prices in Dallas, 1973-2024 ($1,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 611.06% higher in 2024 versus 1973 (a $6,110,622.51 difference in value).

Between 1973 and 2024: Dallas experienced an average inflation rate of 3.92% per year. This rate of change indicates significant inflation. In other words, $1,000,000 in Dallas in the year 1973 would cost $7,110,622.51 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.89% during this same period, inflation in Dallas was higher.

In the year 1973: Pricing changed by 5.18%, which is above the average yearly change in Dallas during the 1973-2024 time period. Compared to inflation for all items in 1973 (6.18%), 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 $1,000,000.00 since 1973

Below are calculations of equivalent buying power in Dallas, over time, for $1,000,000 beginning in 1973. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1973$1,000,000.005.18%
1974$1,099,162.019.92%
1975$1,200,718.289.24%
1976$1,273,942.546.10%
1977$1,367,717.487.36%
1978$1,474,660.817.82%
1979$1,657,821.2312.42%
1980$1,938,747.0116.95%
1981$2,166,400.6411.74%
1982$2,297,286.516.04%
1983$2,381,284.923.66%
1984$2,493,216.284.70%
1985$2,586,592.183.75%
1986$2,631,883.481.75%
1987$2,697,525.942.49%
1988$2,775,937.752.91%
1989$2,858,938.552.99%
1990$2,988,228.254.52%
1991$3,128,092.584.68%
1992$3,203,910.612.42%
1993$3,284,118.122.50%
1994$3,376,895.452.83%
1995$3,464,884.282.61%
1996$3,559,656.822.74%
1997$3,623,104.551.78%
1998$3,674,381.481.42%
1999$3,778,132.482.82%
2000$3,936,951.324.20%
2001$4,075,818.043.53%
2002$4,131,284.921.36%
2003$4,218,276.142.11%
2004$4,274,541.101.33%
2005$4,412,609.743.23%
2006$4,550,279.333.12%
2007$4,618,607.341.50%
2008$4,829,924.184.58%
2009$4,798,068.64-0.66%
2010$4,826,308.860.59%
2011$4,972,466.083.03%
2012$5,076,807.662.10%
2013$5,168,906.621.81%
2014$5,230,275.341.19%
2015$5,204,138.07-0.50%
2016$5,277,122.911.40%
2017$5,411,608.142.55%
2018$5,570,861.932.94%
2019$5,687,825.222.10%
2020$5,723,092.580.62%
2021$6,011,169.195.03%
2022$6,541,675.988.83%
2023$6,886,312.855.27%
2024$7,110,622.513.26%*

* 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 1973 * 1973 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 41.767 in the year 1973 and 296.987 in 2024:

296.987 / 41.767 * $1,000,000 = $7,110,622.51

Therefore, according to U.S. Bureau of Labor Statistics, $1,000,000 in 1973 has the same "purchasing power" as $7,110,622.51 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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