Dallas, Texas prices: $5 in 1974 $32.35 in 2024

Inflation in Texas

$

Prices in Dallas, 1974-2024 ($5)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 546.91% higher in 2024 versus 1974 (a $27.35 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, $5 in Dallas in the year 1974 would cost $32.35 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
Legal services · Gasoline (all types) · Bananas · Educational books and supplies · More

Buying power of $5.00 since 1974

Below are calculations of equivalent buying power in Dallas, over time, for $5 beginning in 1974. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1974$5.009.92%
1975$5.469.24%
1976$5.806.10%
1977$6.227.36%
1978$6.717.82%
1979$7.5412.42%
1980$8.8216.95%
1981$9.8511.74%
1982$10.456.04%
1983$10.833.66%
1984$11.344.70%
1985$11.773.75%
1986$11.971.75%
1987$12.272.49%
1988$12.632.91%
1989$13.012.99%
1990$13.594.52%
1991$14.234.68%
1992$14.572.42%
1993$14.942.50%
1994$15.362.83%
1995$15.762.61%
1996$16.192.74%
1997$16.481.78%
1998$16.711.42%
1999$17.192.82%
2000$17.914.20%
2001$18.543.53%
2002$18.791.36%
2003$19.192.11%
2004$19.441.33%
2005$20.073.23%
2006$20.703.12%
2007$21.011.50%
2008$21.974.58%
2009$21.83-0.66%
2010$21.950.59%
2011$22.623.03%
2012$23.092.10%
2013$23.511.81%
2014$23.791.19%
2015$23.67-0.50%
2016$24.011.40%
2017$24.622.55%
2018$25.342.94%
2019$25.872.10%
2020$26.030.62%
2021$27.345.03%
2022$29.768.83%
2023$31.335.27%
2024$32.353.26%*

* 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 * $5 = $32.35

Therefore, according to U.S. Bureau of Labor Statistics, $5 in 1974 has the same "purchasing power" as $32.35 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.

» Read more about inflation and investment.