Dallas, Texas prices: $51,000 in 1978 $245,915.36 in 2024

Inflation in Texas

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Prices in Dallas, 1978-2024 ($51,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 382.19% higher in 2024 versus 1978 (a $194,915.36 difference in value).

Between 1978 and 2024: Dallas experienced an average inflation rate of 3.48% per year. This rate of change indicates significant inflation. In other words, $51,000 in Dallas in the year 1978 would cost $245,915.36 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.45% 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
Juices and nonalcoholic drinks · Admission to sporting events · Parking fees and tolls · Bananas · More

Buying power of $51,000.00 since 1978

Below are calculations of equivalent buying power in Dallas, over time, for $51,000 beginning in 1978. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1978$51,000.007.82%
1979$57,334.4612.42%
1980$67,050.0616.95%
1981$74,923.2911.74%
1982$79,449.876.04%
1983$82,354.893.66%
1984$86,225.954.70%
1985$89,455.283.75%
1986$91,021.651.75%
1987$93,291.842.49%
1988$96,003.652.91%
1989$98,874.172.99%
1990$103,345.564.52%
1991$108,182.654.68%
1992$110,804.762.42%
1993$113,578.682.50%
1994$116,787.312.83%
1995$119,830.332.61%
1996$123,107.972.74%
1997$125,302.261.78%
1998$127,075.631.42%
1999$130,663.782.82%
2000$136,156.414.20%
2001$140,959.003.53%
2002$142,877.281.36%
2003$145,885.812.11%
2004$147,831.691.33%
2005$152,606.683.23%
2006$157,367.883.12%
2007$159,730.951.50%
2008$167,039.184.58%
2009$165,937.48-0.66%
2010$166,914.150.59%
2011$171,968.883.03%
2012$175,577.452.10%
2013$178,762.621.81%
2014$180,885.011.19%
2015$179,981.08-0.50%
2016$182,505.201.40%
2017$187,156.272.55%
2018$192,663.942.94%
2019$196,709.022.10%
2020$197,928.720.62%
2021$207,891.625.03%
2022$226,238.798.83%
2023$238,157.795.27%
2024$245,915.363.26%*

* 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 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 296.987 in 2024:

296.987 / 61.592 * $51,000 = $245,915.36

Therefore, according to U.S. Bureau of Labor Statistics, $51,000 in 1978 has the same "purchasing power" as $245,915.36 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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