Dallas, Texas prices: $40,000 in 1979 $171,565.48 in 2024

Inflation in Texas

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Prices in Dallas, 1979-2024 ($40,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 328.91% higher in 2024 versus 1979 (a $131,565.48 difference in value).

Between 1979 and 2024: Dallas experienced an average inflation rate of 3.29% per year. This rate of change indicates significant inflation. In other words, $40,000 in Dallas in the year 1979 would cost $171,565.48 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.28% during this same period, inflation in Dallas was higher.

In the year 1979: Pricing changed by 12.42%, which is significantly above the average yearly change in Dallas during the 1979-2024 time period. Compared to inflation for all items in 1979 (11.26%), 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 $40,000.00 since 1979

Below are calculations of equivalent buying power in Dallas, over time, for $40,000 beginning in 1979. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1979$40,000.0012.42%
1980$46,778.1916.95%
1981$52,271.0311.74%
1982$55,429.056.04%
1983$57,455.773.66%
1984$60,156.464.70%
1985$62,409.443.75%
1986$63,502.231.75%
1987$65,086.052.49%
1988$66,977.982.91%
1989$68,980.622.99%
1990$72,100.134.52%
1991$75,474.794.68%
1992$77,304.132.42%
1993$79,239.382.50%
1994$81,477.922.83%
1995$83,600.912.61%
1996$85,887.592.74%
1997$87,418.461.78%
1998$88,655.671.42%
1999$91,158.982.82%
2000$94,990.974.20%
2001$98,341.563.53%
2002$99,679.871.36%
2003$101,778.792.11%
2004$103,136.361.33%
2005$106,467.693.23%
2006$109,789.393.12%
2007$111,438.011.50%
2008$116,536.674.58%
2009$115,768.06-0.66%
2010$116,449.440.59%
2011$119,975.933.03%
2012$122,493.492.10%
2013$124,715.661.81%
2014$126,196.371.19%
2015$125,565.72-0.50%
2016$127,326.711.40%
2017$130,571.572.55%
2018$134,414.062.94%
2019$137,236.152.10%
2020$138,087.090.62%
2021$145,037.815.03%
2022$157,837.918.83%
2023$166,153.335.27%
2024$171,565.483.26%*

* 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 1979 * 1979 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 69.242 in the year 1979 and 296.987 in 2024:

296.987 / 69.242 * $40,000 = $171,565.48

Therefore, according to U.S. Bureau of Labor Statistics, $40,000 in 1979 has the same "purchasing power" as $171,565.48 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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