Dallas, Texas prices: $1,431,000 in 1978 $6,879,975.39 in 2024

Inflation in Texas

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Prices in Dallas, 1978-2024 ($1,431,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 380.78% higher in 2024 versus 1978 (a $5,448,975.39 difference in value).

Between 1978 and 2024: Dallas experienced an average inflation rate of 3.47% per year. This rate of change indicates significant inflation. In other words, $1,431,000 in Dallas in the year 1978 would cost $6,879,975.39 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.44% during this same period, inflation in Dallas was higher.

In the year 1978: Pricing changed by 7.82%, which is significantly above the average yearly change in Dallas during the 1978-2024 time period. Compared to inflation for all items in 1978 (7.63%), 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
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Buying power of $1,431,000.00 since 1978

Below are calculations of equivalent buying power in Dallas, over time, for $1,431,000 beginning in 1978. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1978$1,431,000.007.82%
1979$1,608,737.5212.42%
1980$1,881,345.8316.95%
1981$2,102,259.2311.74%
1982$2,229,269.926.04%
1983$2,310,781.363.66%
1984$2,419,398.734.70%
1985$2,510,010.013.75%
1986$2,553,960.361.75%
1987$2,617,659.322.49%
1988$2,693,749.562.91%
1989$2,774,292.922.99%
1990$2,899,754.704.52%
1991$3,035,478.014.68%
1992$3,109,051.282.42%
1993$3,186,884.052.50%
1994$3,276,914.492.83%
1995$3,362,298.202.61%
1996$3,454,264.782.74%
1997$3,515,833.991.78%
1998$3,565,592.751.42%
1999$3,666,271.952.82%
2000$3,820,388.584.20%
2001$3,955,143.823.53%
2002$4,008,968.481.36%
2003$4,093,384.122.11%
2004$4,147,983.221.33%
2005$4,281,964.013.23%
2006$4,415,557.573.12%
2007$4,481,862.571.50%
2008$4,686,922.884.58%
2009$4,656,010.49-0.66%
2010$4,683,414.590.59%
2011$4,825,244.493.03%
2012$4,926,496.792.10%
2013$5,015,868.941.81%
2014$5,075,420.691.19%
2015$5,050,057.28-0.50%
2016$5,120,881.231.40%
2017$5,251,384.712.55%
2018$5,405,923.412.94%
2019$5,519,423.732.10%
2020$5,553,646.910.62%
2021$5,833,194.345.03%
2022$6,347,994.228.83%
2023$6,682,427.305.27%
2024$6,879,975.392.96%*

* 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 1978 * 1978 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 61.592 in the year 1978 and 296.121 in 2024:

296.121 / 61.592 * $1,431,000 = $6,879,975.39

Therefore, according to U.S. Bureau of Labor Statistics, $1,431,000 in 1978 has the same "purchasing power" as $6,879,975.39 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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