Dallas, Texas prices: $5,000 in 1974 $32,345.65 in 2024

Inflation in Texas

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Prices in Dallas, 1974-2024 ($5,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 546.91% higher in 2024 versus 1974 (a $27,345.65 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, $5,000 in Dallas in the year 1974 would cost $32,345.65 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 $5,000.00 since 1974

Below are calculations of equivalent buying power in Dallas, over time, for $5,000 beginning in 1974. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1974$5,000.009.92%
1975$5,461.979.24%
1976$5,795.066.10%
1977$6,221.647.36%
1978$6,708.117.82%
1979$7,541.3012.42%
1980$8,819.2016.95%
1981$9,854.7811.74%
1982$10,450.176.04%
1983$10,832.273.66%
1984$11,341.444.70%
1985$11,766.203.75%
1986$11,972.231.75%
1987$12,270.832.49%
1988$12,627.522.91%
1989$13,005.082.99%
1990$13,593.214.52%
1991$14,229.444.68%
1992$14,574.332.42%
1993$14,939.192.50%
1994$15,361.232.83%
1995$15,761.482.61%
1996$16,192.592.74%
1997$16,481.211.78%
1998$16,714.471.42%
1999$17,186.422.82%
2000$17,908.884.20%
2001$18,540.573.53%
2002$18,792.881.36%
2003$19,188.602.11%
2004$19,444.551.33%
2005$20,072.613.23%
2006$20,698.863.12%
2007$21,009.681.50%
2008$21,970.944.58%
2009$21,826.03-0.66%
2010$21,954.490.59%
2011$22,619.353.03%
2012$23,093.992.10%
2013$23,512.941.81%
2014$23,792.101.19%
2015$23,673.21-0.50%
2016$24,005.211.40%
2017$24,616.972.55%
2018$25,341.402.94%
2019$25,873.462.10%
2020$26,033.890.62%
2021$27,344.335.03%
2022$29,757.568.83%
2023$31,325.295.27%
2024$32,345.653.26%*

* 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 * $5,000 = $32,345.65

Therefore, according to U.S. Bureau of Labor Statistics, $5,000 in 1974 has the same "purchasing power" as $32,345.65 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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