Dallas, Texas prices: $6,500,000 in 1980 $23,839,648.04 in 2024

Inflation in Texas

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Prices in Dallas, 1980-2024 ($6,500,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 266.76% higher in 2024 versus 1980 (a $17,339,648.04 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, $6,500,000 in Dallas in the year 1980 would cost $23,839,648.04 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%).

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Buying power of $6,500,000.00 since 1980

Below are calculations of equivalent buying power in Dallas, over time, for $6,500,000 beginning in 1980. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1980$6,500,000.0016.95%
1981$7,263,249.9711.74%
1982$7,702,068.546.04%
1983$7,983,688.383.66%
1984$8,358,958.534.70%
1985$8,672,018.113.75%
1986$8,823,865.391.75%
1987$9,043,943.602.49%
1988$9,306,833.382.91%
1989$9,585,108.572.99%
1990$10,018,575.694.52%
1991$10,487,496.144.68%
1992$10,741,689.822.42%
1993$11,010,599.982.50%
1994$11,321,652.772.83%
1995$11,616,651.232.61%
1996$11,934,393.332.74%
1997$12,147,113.311.78%
1998$12,319,028.511.42%
1999$12,666,872.492.82%
2000$13,199,341.364.20%
2001$13,664,917.163.53%
2002$13,850,879.901.36%
2003$14,142,533.702.11%
2004$14,331,172.171.33%
2005$14,794,072.243.23%
2006$15,255,634.463.12%
2007$15,484,716.481.50%
2008$16,193,194.404.58%
2009$16,086,392.92-0.66%
2010$16,181,073.380.59%
2011$16,671,091.903.03%
2012$17,020,915.922.10%
2013$17,329,694.351.81%
2014$17,535,444.071.19%
2015$17,447,814.14-0.50%
2016$17,692,509.001.40%
2017$18,143,395.082.55%
2018$18,677,322.222.94%
2019$19,069,462.802.10%
2020$19,187,702.990.62%
2021$20,153,531.955.03%
2022$21,932,151.908.83%
2023$23,087,609.345.27%
2024$23,839,648.043.26%*

* 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 * $6,500,000 = $23,839,648.04

Therefore, according to U.S. Bureau of Labor Statistics, $6,500,000 in 1980 has the same "purchasing power" as $23,839,648.04 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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