Dallas, Texas prices: $5,000,000 in 1980 $18,338,190.80 in 2024

Inflation in Texas

$

Prices in Dallas, 1980-2024 ($5,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 266.76% higher in 2024 versus 1980 (a $13,338,190.80 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, $5,000,000 in Dallas in the year 1980 would cost $18,338,190.80 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
Bananas · San Francisco, California · Chicago, Illinois · Indoor plants and flowers · More

Buying power of $5,000,000.00 since 1980

Below are calculations of equivalent buying power in Dallas, over time, for $5,000,000 beginning in 1980. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1980$5,000,000.0016.95%
1981$5,587,115.3611.74%
1982$5,924,668.116.04%
1983$6,141,298.753.66%
1984$6,429,968.104.70%
1985$6,670,783.163.75%
1986$6,787,588.761.75%
1987$6,956,879.702.49%
1988$7,159,102.602.91%
1989$7,373,160.442.99%
1990$7,706,596.694.52%
1991$8,067,304.724.68%
1992$8,262,838.322.42%
1993$8,469,692.292.50%
1994$8,708,963.672.83%
1995$8,935,885.562.61%
1996$9,180,302.562.74%
1997$9,343,933.311.78%
1998$9,476,175.771.42%
1999$9,743,748.072.82%
2000$10,153,339.514.20%
2001$10,511,474.743.53%
2002$10,654,523.001.36%
2003$10,878,872.082.11%
2004$11,023,978.591.33%
2005$11,380,055.573.23%
2006$11,735,103.433.12%
2007$11,911,320.371.50%
2008$12,456,303.394.58%
2009$12,374,148.40-0.66%
2010$12,446,979.520.59%
2011$12,823,916.853.03%
2012$13,093,012.252.10%
2013$13,330,534.121.81%
2014$13,488,803.131.19%
2015$13,421,395.49-0.50%
2016$13,609,622.311.40%
2017$13,956,457.752.55%
2018$14,367,170.942.94%
2019$14,668,817.542.10%
2020$14,759,771.530.62%
2021$15,502,716.895.03%
2022$16,870,886.088.83%
2023$17,759,699.505.27%
2024$18,338,190.803.26%*

* 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 * $5,000,000 = $18,338,190.80

Therefore, according to U.S. Bureau of Labor Statistics, $5,000,000 in 1980 has the same "purchasing power" as $18,338,190.80 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.

» Read more about inflation and investment.