Dallas, Texas prices: $500 in 1973 $3,555.31 in 2024

Inflation in Texas

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Prices in Dallas, 1973-2024 ($500)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 611.06% higher in 2024 versus 1973 (a $3,055.31 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, $500 in Dallas in the year 1973 would cost $3,555.31 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 $500.00 since 1973

Below are calculations of equivalent buying power in Dallas, over time, for $500 beginning in 1973. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1973$500.005.18%
1974$549.589.92%
1975$600.369.24%
1976$636.976.10%
1977$683.867.36%
1978$737.337.82%
1979$828.9112.42%
1980$969.3716.95%
1981$1,083.2011.74%
1982$1,148.646.04%
1983$1,190.643.66%
1984$1,246.614.70%
1985$1,293.303.75%
1986$1,315.941.75%
1987$1,348.762.49%
1988$1,387.972.91%
1989$1,429.472.99%
1990$1,494.114.52%
1991$1,564.054.68%
1992$1,601.962.42%
1993$1,642.062.50%
1994$1,688.452.83%
1995$1,732.442.61%
1996$1,779.832.74%
1997$1,811.551.78%
1998$1,837.191.42%
1999$1,889.072.82%
2000$1,968.484.20%
2001$2,037.913.53%
2002$2,065.641.36%
2003$2,109.142.11%
2004$2,137.271.33%
2005$2,206.303.23%
2006$2,275.143.12%
2007$2,309.301.50%
2008$2,414.964.58%
2009$2,399.03-0.66%
2010$2,413.150.59%
2011$2,486.233.03%
2012$2,538.402.10%
2013$2,584.451.81%
2014$2,615.141.19%
2015$2,602.07-0.50%
2016$2,638.561.40%
2017$2,705.802.55%
2018$2,785.432.94%
2019$2,843.912.10%
2020$2,861.550.62%
2021$3,005.585.03%
2022$3,270.848.83%
2023$3,443.165.27%
2024$3,555.313.26%*

* 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 * $500 = $3,555.31

Therefore, according to U.S. Bureau of Labor Statistics, $500 in 1973 has the same "purchasing power" as $3,555.31 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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