Dallas, Texas prices: $11,000,000 in 1977 $57,187,868.71 in 2024

Inflation in Texas

$

Prices in Dallas, 1977-2024 ($11,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 419.89% higher in 2024 versus 1977 (a $46,187,868.71 difference in value).

Between 1977 and 2024: Dallas experienced an average inflation rate of 3.57% per year. This rate of change indicates significant inflation. In other words, $11,000,000 in Dallas in the year 1977 would cost $57,187,868.71 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.54% during this same period, inflation in Dallas was higher.

In the year 1977: Pricing changed by 7.36%, which is significantly above the average yearly change in Dallas during the 1977-2024 time period. Compared to inflation for all items in 1977 (6.50%), inflation in Dallas was higher.

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 · Admission to sporting events · Legal services · Hospital services · More

Buying power of $11,000,000.00 since 1977

Below are calculations of equivalent buying power in Dallas, over time, for $11,000,000 beginning in 1977. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1977$11,000,000.007.36%
1978$11,860,102.127.82%
1979$13,333,187.4512.42%
1980$15,592,560.1816.95%
1981$17,423,486.5111.74%
1982$18,476,148.806.04%
1983$19,151,714.083.66%
1984$20,051,932.904.70%
1985$20,802,917.583.75%
1986$21,167,177.241.75%
1987$21,695,113.062.49%
1988$22,325,747.632.91%
1989$22,993,289.572.99%
1990$24,033,114.514.52%
1991$25,157,986.874.68%
1992$25,767,760.762.42%
1993$26,412,837.352.50%
1994$27,159,008.022.83%
1995$27,866,666.672.61%
1996$28,628,884.032.74%
1997$29,139,168.491.78%
1998$29,551,568.201.42%
1999$30,385,995.622.82%
2000$31,663,311.454.20%
2001$32,780,160.473.53%
2002$33,226,258.211.36%
2003$33,925,893.512.11%
2004$34,378,409.921.33%
2005$35,488,840.263.23%
2006$36,596,061.273.12%
2007$37,145,595.921.50%
2008$38,845,132.024.58%
2009$38,588,930.71-0.66%
2010$38,816,055.430.59%
2011$39,991,539.023.03%
2012$40,830,716.272.10%
2013$41,571,431.071.81%
2014$42,064,994.891.19%
2015$41,854,783.37-0.50%
2016$42,441,770.971.40%
2017$43,523,381.472.55%
2018$44,804,195.482.94%
2019$45,744,884.032.10%
2020$46,028,525.160.62%
2021$48,345,409.195.03%
2022$52,612,061.278.83%
2023$55,383,836.625.27%
2024$57,187,868.713.26%*

* 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 1977 * 1977 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 57.125 in the year 1977 and 296.987 in 2024:

296.987 / 57.125 * $11,000,000 = $57,187,868.71

Therefore, according to U.S. Bureau of Labor Statistics, $11,000,000 in 1977 has the same "purchasing power" as $57,187,868.71 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.