Dallas, Texas prices: $5 in 1973 $35.45 in 2024

Inflation in Texas

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Prices in Dallas, 1973-2024 ($5)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 608.99% higher in 2024 versus 1973 (a $30.45 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, $5 in Dallas in the year 1973 would cost $35.45 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.88% 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 $5.00 since 1973

Below are calculations of equivalent buying power in Dallas, over time, for $5 beginning in 1973. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1973$5.005.18%
1974$5.509.92%
1975$6.009.24%
1976$6.376.10%
1977$6.847.36%
1978$7.377.82%
1979$8.2912.42%
1980$9.6916.95%
1981$10.8311.74%
1982$11.496.04%
1983$11.913.66%
1984$12.474.70%
1985$12.933.75%
1986$13.161.75%
1987$13.492.49%
1988$13.882.91%
1989$14.292.99%
1990$14.944.52%
1991$15.644.68%
1992$16.022.42%
1993$16.422.50%
1994$16.882.83%
1995$17.322.61%
1996$17.802.74%
1997$18.121.78%
1998$18.371.42%
1999$18.892.82%
2000$19.684.20%
2001$20.383.53%
2002$20.661.36%
2003$21.092.11%
2004$21.371.33%
2005$22.063.23%
2006$22.753.12%
2007$23.091.50%
2008$24.154.58%
2009$23.99-0.66%
2010$24.130.59%
2011$24.863.03%
2012$25.382.10%
2013$25.841.81%
2014$26.151.19%
2015$26.02-0.50%
2016$26.391.40%
2017$27.062.55%
2018$27.852.94%
2019$28.442.10%
2020$28.620.62%
2021$30.065.03%
2022$32.718.83%
2023$34.435.27%
2024$35.452.96%*

* 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
CPI29.50029.53329.85030.88331.83333.15035.24237.43338.58339.70841.76745.90850.15053.20857.12561.59269.24280.97590.48395.95099.458104.133108.033109.925112.667115.942119.408124.808130.650133.817137.167141.042144.717148.675151.325153.467157.800164.433170.233172.550176.183178.533184.300190.050192.904201.730200.399201.579207.683212.041215.888218.451217.359220.408226.025232.676237.561239.035251.066273.224287.618296.121

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 296.121 in 2024:

296.121 / 41.767 * $5 = $35.45

Therefore, according to U.S. Bureau of Labor Statistics, $5 in 1973 has the same "purchasing power" as $35.45 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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