Dallas, Texas prices: $1,000,000 in 1980 $3,667,638.16 in 2024

Inflation in Texas

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Prices in Dallas, 1980-2024 ($1,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 266.76% higher in 2024 versus 1980 (a $2,667,638.16 difference in value).

Between 1980 and 2024: Dallas experienced an average inflation rate of 3% per year. This rate of change indicates significant inflation. In other words, $1,000,000 in Dallas in the year 1980 would cost $3,667,638.16 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.06% during this same period, inflation in Dallas was lower.

In the year 1980: Pricing changed by 16.95%, which is significantly above the average yearly change in Dallas during the 1980-2024 time period. Compared to inflation for all items in 1980 (13.55%), inflation in Dallas was much 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 $1,000,000.00 since 1980

Below are calculations of equivalent buying power in Dallas, over time, for $1,000,000 beginning in 1980. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1980$1,000,000.0016.95%
1981$1,117,423.0711.74%
1982$1,184,933.626.04%
1983$1,228,259.753.66%
1984$1,285,993.624.70%
1985$1,334,156.633.75%
1986$1,357,517.751.75%
1987$1,391,375.942.49%
1988$1,431,820.522.91%
1989$1,474,632.092.99%
1990$1,541,319.344.52%
1991$1,613,460.944.68%
1992$1,652,567.662.42%
1993$1,693,938.462.50%
1994$1,741,792.732.83%
1995$1,787,177.112.61%
1996$1,836,060.512.74%
1997$1,868,786.661.78%
1998$1,895,235.151.42%
1999$1,948,749.612.82%
2000$2,030,667.904.20%
2001$2,102,294.953.53%
2002$2,130,904.601.36%
2003$2,175,774.422.11%
2004$2,204,795.721.33%
2005$2,276,011.113.23%
2006$2,347,020.693.12%
2007$2,382,264.071.50%
2008$2,491,260.684.58%
2009$2,474,829.68-0.66%
2010$2,489,395.900.59%
2011$2,564,783.373.03%
2012$2,618,602.452.10%
2013$2,666,106.821.81%
2014$2,697,760.631.19%
2015$2,684,279.10-0.50%
2016$2,721,924.461.40%
2017$2,791,291.552.55%
2018$2,873,434.192.94%
2019$2,933,763.512.10%
2020$2,951,954.310.62%
2021$3,100,543.385.03%
2022$3,374,177.228.83%
2023$3,551,939.905.27%
2024$3,667,638.163.26%*

* 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 1980 * 1980 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 80.975 in the year 1980 and 296.987 in 2024:

296.987 / 80.975 * $1,000,000 = $3,667,638.16

Therefore, according to U.S. Bureau of Labor Statistics, $1,000,000 in 1980 has the same "purchasing power" as $3,667,638.16 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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