Dallas, Texas prices: $3,942,327 in 1974 $25,503,427.89 in 2024

Inflation in Texas

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Prices in Dallas, 1974-2024 ($3,942,327)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 546.91% higher in 2024 versus 1974 (a $21,561,100.89 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, $3,942,327 in Dallas in the year 1974 would cost $25,503,427.89 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 $3,942,327.00 since 1974

Below are calculations of equivalent buying power in Dallas, over time, for $3,942,327 beginning in 1974. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1974$3,942,327.009.92%
1975$4,306,575.409.24%
1976$4,569,206.376.10%
1977$4,905,545.767.36%
1978$5,289,115.787.82%
1979$5,946,051.0212.42%
1980$6,953,637.9516.95%
1981$7,770,155.4811.74%
1982$8,239,599.406.04%
1983$8,540,873.613.66%
1984$8,942,334.034.70%
1985$9,277,242.193.75%
1986$9,439,686.961.75%
1987$9,675,124.532.49%
1988$9,956,361.512.91%
1989$10,254,057.652.99%
1990$10,717,776.634.52%
1991$11,219,423.254.68%
1992$11,491,357.232.42%
1993$11,779,034.752.50%
1994$12,111,796.062.83%
1995$12,427,382.592.61%
1996$12,767,300.062.74%
1997$12,994,865.851.78%
1998$13,178,779.091.42%
1999$13,550,899.272.82%
2000$14,120,529.384.20%
2001$14,618,597.923.53%
2002$14,817,539.091.36%
2003$15,129,547.552.11%
2004$15,331,351.181.33%
2005$15,826,557.263.23%
2006$16,320,332.103.12%
2007$16,565,401.861.50%
2008$17,323,324.784.58%
2009$17,209,069.58-0.66%
2010$17,310,357.830.59%
2011$17,834,574.973.03%
2012$18,208,813.362.10%
2013$18,539,141.581.81%
2014$18,759,250.661.19%
2015$18,665,505.00-0.50%
2016$18,927,277.231.40%
2017$19,409,630.852.55%
2018$19,980,821.012.94%
2019$20,400,329.262.10%
2020$20,526,821.490.62%
2021$21,560,056.095.03%
2022$23,462,806.738.83%
2023$24,698,904.075.27%
2024$25,503,427.893.26%*

* 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 * $3,942,327 = $25,503,427.89

Therefore, according to U.S. Bureau of Labor Statistics, $3,942,327 in 1974 has the same "purchasing power" as $25,503,427.89 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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