Dallas, Texas prices: $60,000 in 1978 $289,312.19 in 2024

Inflation in Texas

$

Prices in Dallas, 1978-2024 ($60,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 382.19% higher in 2024 versus 1978 (a $229,312.19 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, $60,000 in Dallas in the year 1978 would cost $289,312.19 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
Parking fees and tolls · Wine at home · Admission to sporting events · Electricity · More

Buying power of $60,000.00 since 1978

Below are calculations of equivalent buying power in Dallas, over time, for $60,000 beginning in 1978. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1978$60,000.007.82%
1979$67,452.3112.42%
1980$78,882.4216.95%
1981$88,145.0411.74%
1982$93,470.446.04%
1983$96,888.113.66%
1984$101,442.294.70%
1985$105,241.513.75%
1986$107,084.291.75%
1987$109,755.112.49%
1988$112,945.472.91%
1989$116,322.552.99%
1990$121,583.014.52%
1991$127,273.714.68%
1992$130,358.542.42%
1993$133,621.972.50%
1994$137,396.832.83%
1995$140,976.862.61%
1996$144,832.902.74%
1997$147,414.421.78%
1998$149,500.741.42%
1999$153,722.092.82%
2000$160,184.014.20%
2001$165,834.123.53%
2002$168,090.921.36%
2003$171,630.362.11%
2004$173,919.631.33%
2005$179,537.283.23%
2006$185,138.683.12%
2007$187,918.771.50%
2008$196,516.684.58%
2009$195,220.57-0.66%
2010$196,369.580.59%
2011$202,316.333.03%
2012$206,561.712.10%
2013$210,308.971.81%
2014$212,805.901.19%
2015$211,742.44-0.50%
2016$214,712.001.40%
2017$220,183.852.55%
2018$226,663.462.94%
2019$231,422.382.10%
2020$232,857.310.62%
2021$244,578.385.03%
2022$266,163.288.83%
2023$280,185.635.27%
2024$289,312.193.26%*

* 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 * $60,000 = $289,312.19

Therefore, according to U.S. Bureau of Labor Statistics, $60,000 in 1978 has the same "purchasing power" as $289,312.19 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.