Dallas, Texas prices: $21,000,000 in 1973 $149,323,072.63 in 2024

Inflation in Texas

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Prices in Dallas, 1973-2024 ($21,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 611.06% higher in 2024 versus 1973 (a $128,323,072.63 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, $21,000,000 in Dallas in the year 1973 would cost $149,323,072.63 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%).

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Buying power of $21,000,000.00 since 1973

Below are calculations of equivalent buying power in Dallas, over time, for $21,000,000 beginning in 1973. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1973$21,000,000.005.18%
1974$23,082,402.239.92%
1975$25,215,083.809.24%
1976$26,752,793.306.10%
1977$28,722,067.047.36%
1978$30,967,877.097.82%
1979$34,814,245.8112.42%
1980$40,713,687.1516.95%
1981$45,494,413.4111.74%
1982$48,243,016.766.04%
1983$50,006,983.243.66%
1984$52,357,541.904.70%
1985$54,318,435.753.75%
1986$55,269,553.071.75%
1987$56,648,044.692.49%
1988$58,294,692.742.91%
1989$60,037,709.502.99%
1990$62,752,793.304.52%
1991$65,689,944.134.68%
1992$67,282,122.912.42%
1993$68,966,480.452.50%
1994$70,914,804.472.83%
1995$72,762,569.832.61%
1996$74,752,793.302.74%
1997$76,085,195.531.78%
1998$77,162,011.171.42%
1999$79,340,782.122.82%
2000$82,675,977.654.20%
2001$85,592,178.773.53%
2002$86,756,983.241.36%
2003$88,583,798.882.11%
2004$89,765,363.131.33%
2005$92,664,804.473.23%
2006$95,555,865.923.12%
2007$96,990,754.191.50%
2008$101,428,407.824.58%
2009$100,759,441.34-0.66%
2010$101,352,486.030.59%
2011$104,421,787.713.03%
2012$106,612,960.892.10%
2013$108,547,039.111.81%
2014$109,835,782.121.19%
2015$109,286,899.44-0.50%
2016$110,819,581.011.40%
2017$113,643,770.952.55%
2018$116,988,100.562.94%
2019$119,444,329.612.10%
2020$120,184,944.130.62%
2021$126,234,553.075.03%
2022$137,375,195.538.83%
2023$144,612,569.835.27%
2024$149,323,072.633.26%*

* 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 * $21,000,000 = $149,323,072.63

Therefore, according to U.S. Bureau of Labor Statistics, $21,000,000 in 1973 has the same "purchasing power" as $149,323,072.63 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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