Dallas, Texas prices: $2,000,000 in 1980 $7,335,276.32 in 2024

Inflation in Texas

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Prices in Dallas, 1980-2024 ($2,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 266.76% higher in 2024 versus 1980 (a $5,335,276.32 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, $2,000,000 in Dallas in the year 1980 would cost $7,335,276.32 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.07% 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 $2,000,000.00 since 1980

Below are calculations of equivalent buying power in Dallas, over time, for $2,000,000 beginning in 1980. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1980$2,000,000.0016.95%
1981$2,234,846.1511.74%
1982$2,369,867.246.04%
1983$2,456,519.503.66%
1984$2,571,987.244.70%
1985$2,668,313.273.75%
1986$2,715,035.501.75%
1987$2,782,751.882.49%
1988$2,863,641.042.91%
1989$2,949,264.182.99%
1990$3,082,638.674.52%
1991$3,226,921.894.68%
1992$3,305,135.332.42%
1993$3,387,876.922.50%
1994$3,483,585.472.83%
1995$3,574,354.222.61%
1996$3,672,121.032.74%
1997$3,737,573.331.78%
1998$3,790,470.311.42%
1999$3,897,499.232.82%
2000$4,061,335.804.20%
2001$4,204,589.893.53%
2002$4,261,809.201.36%
2003$4,351,548.832.11%
2004$4,409,591.441.33%
2005$4,552,022.233.23%
2006$4,694,041.373.12%
2007$4,764,528.151.50%
2008$4,982,521.354.58%
2009$4,949,659.36-0.66%
2010$4,978,791.810.59%
2011$5,129,566.743.03%
2012$5,237,204.902.10%
2013$5,332,213.651.81%
2014$5,395,521.251.19%
2015$5,368,558.20-0.50%
2016$5,443,848.921.40%
2017$5,582,583.102.55%
2018$5,746,868.382.94%
2019$5,867,527.012.10%
2020$5,903,908.610.62%
2021$6,201,086.765.03%
2022$6,748,354.438.83%
2023$7,103,879.805.27%
2024$7,335,276.323.26%*

* 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 * $2,000,000 = $7,335,276.32

Therefore, according to U.S. Bureau of Labor Statistics, $2,000,000 in 1980 has the same "purchasing power" as $7,335,276.32 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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