Dallas, Texas prices: $584 in 1974 $3,766.96 in 2024

Inflation in Texas

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Prices in Dallas, 1974-2024 ($584)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 545.03% higher in 2024 versus 1974 (a $3,182.96 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, $584 in Dallas in the year 1974 would cost $3,766.96 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
Wireless telephone services · New York · Bread · Gasoline (all types) · More

Buying power of $584.00 since 1974

Below are calculations of equivalent buying power in Dallas, over time, for $584 beginning in 1974. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1974$584.009.92%
1975$637.969.24%
1976$676.866.10%
1977$726.697.36%
1978$783.517.82%
1979$880.8212.42%
1980$1,030.0816.95%
1981$1,151.0411.74%
1982$1,220.586.04%
1983$1,265.213.66%
1984$1,324.684.70%
1985$1,374.293.75%
1986$1,398.361.75%
1987$1,433.232.49%
1988$1,474.892.91%
1989$1,518.992.99%
1990$1,587.694.52%
1991$1,662.004.68%
1992$1,702.282.42%
1993$1,744.902.50%
1994$1,794.192.83%
1995$1,840.942.61%
1996$1,891.292.74%
1997$1,925.011.78%
1998$1,952.251.42%
1999$2,007.372.82%
2000$2,091.764.20%
2001$2,165.543.53%
2002$2,195.011.36%
2003$2,241.232.11%
2004$2,271.121.33%
2005$2,344.483.23%
2006$2,417.633.12%
2007$2,453.931.50%
2008$2,566.214.58%
2009$2,549.28-0.66%
2010$2,564.280.59%
2011$2,641.943.03%
2012$2,697.382.10%
2013$2,746.311.81%
2014$2,778.921.19%
2015$2,765.03-0.50%
2016$2,803.811.40%
2017$2,875.262.55%
2018$2,959.882.94%
2019$3,022.022.10%
2020$3,040.760.62%
2021$3,193.825.03%
2022$3,475.688.83%
2023$3,658.795.27%
2024$3,766.962.96%*

* 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 * $584 = $3,766.96

Therefore, according to U.S. Bureau of Labor Statistics, $584 in 1974 has the same "purchasing power" as $3,766.96 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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