Dallas, Texas prices: $16,000,000 in 1974 $103,204,269.38 in 2024

Inflation in Texas

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Prices in Dallas, 1974-2024 ($16,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 545.03% higher in 2024 versus 1974 (a $87,204,269.38 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, $16,000,000 in Dallas in the year 1974 would cost $103,204,269.38 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.74% 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
Airline fares · Gasoline (all types) · Wine at home · Housing · More

Buying power of $16,000,000.00 since 1974

Below are calculations of equivalent buying power in Dallas, over time, for $16,000,000 beginning in 1974. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1974$16,000,000.009.92%
1975$17,478,308.229.24%
1976$18,544,200.406.10%
1977$19,909,239.437.36%
1978$21,465,964.787.82%
1979$24,132,147.4012.42%
1980$28,221,455.8016.95%
1981$31,535,305.8611.74%
1982$33,440,551.826.04%
1983$34,663,278.273.66%
1984$36,292,612.094.70%
1985$37,651,842.443.75%
1986$38,311,127.251.75%
1987$39,266,654.572.49%
1988$40,408,059.542.91%
1989$41,616,264.292.99%
1990$43,498,275.554.52%
1991$45,534,216.744.68%
1992$46,637,865.312.42%
1993$47,805,409.332.50%
1994$49,155,926.672.83%
1995$50,436,739.882.61%
1996$51,816,300.602.74%
1997$52,739,880.201.78%
1998$53,486,295.151.42%
1999$54,996,551.102.82%
2000$57,308,404.434.20%
2001$59,329,823.923.53%
2002$60,137,229.991.36%
2003$61,403,521.512.11%
2004$62,222,544.931.33%
2005$64,232,347.073.23%
2006$66,236,340.533.12%
2007$67,230,960.251.50%
2008$70,307,003.094.58%
2009$69,843,296.42-0.66%
2010$70,254,376.470.59%
2011$72,381,920.493.03%
2012$73,900,773.282.10%
2013$75,241,415.861.81%
2014$76,134,732.261.19%
2015$75,754,263.93-0.50%
2016$76,816,670.901.40%
2017$78,774,311.132.55%
2018$81,092,495.922.94%
2019$82,795,077.152.10%
2020$83,308,447.990.62%
2021$87,501,847.895.03%
2022$95,224,193.148.83%
2023$100,240,914.875.27%
2024$103,204,269.382.96%*

* 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 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 296.121 in 2024:

296.121 / 45.908 * $16,000,000 = $103,204,269.38

Therefore, according to U.S. Bureau of Labor Statistics, $16,000,000 in 1974 has the same "purchasing power" as $103,204,269.38 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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