Dallas, Texas prices: $6,000,000 in 1978 $28,931,219.05 in 2024

Inflation in Texas

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Prices in Dallas, 1978-2024 ($6,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 382.19% higher in 2024 versus 1978 (a $22,931,219.05 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, $6,000,000 in Dallas in the year 1978 would cost $28,931,219.05 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
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Buying power of $6,000,000.00 since 1978

Below are calculations of equivalent buying power in Dallas, over time, for $6,000,000 beginning in 1978. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1978$6,000,000.007.82%
1979$6,745,230.6912.42%
1980$7,888,242.4616.95%
1981$8,814,504.1311.74%
1982$9,347,043.706.04%
1983$9,688,810.723.66%
1984$10,144,229.474.70%
1985$10,524,150.993.75%
1986$10,708,429.171.75%
1987$10,975,510.762.49%
1988$11,294,547.422.91%
1989$11,632,255.452.99%
1990$12,158,300.644.52%
1991$12,727,371.134.68%
1992$13,035,854.422.42%
1993$13,362,197.272.50%
1994$13,739,683.402.83%
1995$14,097,686.382.61%
1996$14,483,290.492.74%
1997$14,741,442.291.78%
1998$14,950,074.411.42%
1999$15,372,209.442.82%
2000$16,018,400.764.20%
2001$16,583,412.263.53%
2002$16,809,092.141.36%
2003$17,163,036.132.11%
2004$17,391,963.201.33%
2005$17,953,727.513.23%
2006$18,513,868.223.12%
2007$18,791,876.611.50%
2008$19,651,668.254.58%
2009$19,522,056.56-0.66%
2010$19,636,958.460.59%
2011$20,231,633.073.03%
2012$20,656,171.022.10%
2013$21,030,897.041.81%
2014$21,280,589.911.19%
2015$21,174,244.35-0.50%
2016$21,471,200.111.40%
2017$22,018,384.522.55%
2018$22,666,345.562.94%
2019$23,142,237.862.10%
2020$23,285,731.290.62%
2021$24,457,837.915.03%
2022$26,616,327.978.83%
2023$28,018,563.125.27%
2024$28,931,219.053.26%*

* 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 * $6,000,000 = $28,931,219.05

Therefore, according to U.S. Bureau of Labor Statistics, $6,000,000 in 1978 has the same "purchasing power" as $28,931,219.05 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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