Dallas, Texas prices: $12,000 in 1974 $77,629.57 in 2024

Inflation in Texas

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Prices in Dallas, 1974-2024 ($12,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 546.91% higher in 2024 versus 1974 (a $65,629.57 difference in value).

Between 1974 and 2024: Dallas experienced an average inflation rate of 3.80% per year. This rate of change indicates significant inflation. In other words, $12,000 in Dallas in the year 1974 would cost $77,629.57 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.75% during this same period, inflation in Dallas was higher.

In the year 1974: Pricing changed by 9.92%, which is significantly above the average yearly change in Dallas during the 1974-2024 time period. Compared to inflation for all items in 1974 (11.05%), 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 $12,000.00 since 1974

Below are calculations of equivalent buying power in Dallas, over time, for $12,000 beginning in 1974. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1974$12,000.009.92%
1975$13,108.739.24%
1976$13,908.156.10%
1977$14,931.937.36%
1978$16,099.477.82%
1979$18,099.1112.42%
1980$21,166.0916.95%
1981$23,651.4811.74%
1982$25,080.416.04%
1983$25,997.463.66%
1984$27,219.464.70%
1985$28,238.883.75%
1986$28,733.351.75%
1987$29,449.992.49%
1988$30,306.042.91%
1989$31,212.202.99%
1990$32,623.714.52%
1991$34,150.664.68%
1992$34,978.402.42%
1993$35,854.062.50%
1994$36,866.942.83%
1995$37,827.552.61%
1996$38,862.232.74%
1997$39,554.911.78%
1998$40,114.721.42%
1999$41,247.412.82%
2000$42,981.304.20%
2001$44,497.373.53%
2002$45,102.921.36%
2003$46,052.642.11%
2004$46,666.911.33%
2005$48,174.263.23%
2006$49,677.263.12%
2007$50,423.221.50%
2008$52,730.254.58%
2009$52,382.47-0.66%
2010$52,690.780.59%
2011$54,286.443.03%
2012$55,425.582.10%
2013$56,431.061.81%
2014$57,101.051.19%
2015$56,815.70-0.50%
2016$57,612.501.40%
2017$59,080.732.55%
2018$60,819.372.94%
2019$62,096.312.10%
2020$62,481.340.62%
2021$65,626.395.03%
2022$71,418.148.83%
2023$75,180.695.27%
2024$77,629.573.26%*

* 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 1974 * 1974 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 45.908 in the year 1974 and 296.987 in 2024:

296.987 / 45.908 * $12,000 = $77,629.57

Therefore, according to U.S. Bureau of Labor Statistics, $12,000 in 1974 has the same "purchasing power" as $77,629.57 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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