Dallas, Texas prices: $23,500 in 1980 $86,189.50 in 2024

Inflation in Texas

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Prices in Dallas, 1980-2024 ($23,500)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 266.76% higher in 2024 versus 1980 (a $62,689.50 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, $23,500 in Dallas in the year 1980 would cost $86,189.50 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 $23,500.00 since 1980

Below are calculations of equivalent buying power in Dallas, over time, for $23,500 beginning in 1980. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1980$23,500.0016.95%
1981$26,259.4411.74%
1982$27,845.946.04%
1983$28,864.103.66%
1984$30,220.854.70%
1985$31,352.683.75%
1986$31,901.671.75%
1987$32,697.332.49%
1988$33,647.782.91%
1989$34,653.852.99%
1990$36,221.004.52%
1991$37,916.334.68%
1992$38,835.342.42%
1993$39,807.552.50%
1994$40,932.132.83%
1995$41,998.662.61%
1996$43,147.422.74%
1997$43,916.491.78%
1998$44,538.031.42%
1999$45,795.622.82%
2000$47,720.704.20%
2001$49,403.933.53%
2002$50,076.261.36%
2003$51,130.702.11%
2004$51,812.701.33%
2005$53,486.263.23%
2006$55,154.993.12%
2007$55,983.211.50%
2008$58,544.634.58%
2009$58,158.50-0.66%
2010$58,500.800.59%
2011$60,272.413.03%
2012$61,537.162.10%
2013$62,653.511.81%
2014$63,397.371.19%
2015$63,080.56-0.50%
2016$63,965.221.40%
2017$65,595.352.55%
2018$67,525.702.94%
2019$68,943.442.10%
2020$69,370.930.62%
2021$72,862.775.03%
2022$79,293.168.83%
2023$83,470.595.27%
2024$86,189.503.26%*

* 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 * $23,500 = $86,189.50

Therefore, according to U.S. Bureau of Labor Statistics, $23,500 in 1980 has the same "purchasing power" as $86,189.50 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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