Dallas, Texas prices: $7,000,000 in 1980 $25,673,467.12 in 2024

Inflation in Texas

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Prices in Dallas, 1980-2024 ($7,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 266.76% higher in 2024 versus 1980 (a $18,673,467.12 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, $7,000,000 in Dallas in the year 1980 would cost $25,673,467.12 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 $7,000,000.00 since 1980

Below are calculations of equivalent buying power in Dallas, over time, for $7,000,000 beginning in 1980. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1980$7,000,000.0016.95%
1981$7,821,961.5111.74%
1982$8,294,535.356.04%
1983$8,597,818.263.66%
1984$9,001,955.344.70%
1985$9,339,096.433.75%
1986$9,502,624.271.75%
1987$9,739,631.572.49%
1988$10,022,743.652.91%
1989$10,322,424.622.99%
1990$10,789,235.364.52%
1991$11,294,226.614.68%
1992$11,567,973.652.42%
1993$11,857,569.212.50%
1994$12,192,549.142.83%
1995$12,510,239.792.61%
1996$12,852,423.592.74%
1997$13,081,506.641.78%
1998$13,266,646.081.42%
1999$13,641,247.302.82%
2000$14,214,675.314.20%
2001$14,716,064.633.53%
2002$14,916,332.201.36%
2003$15,230,420.912.11%
2004$15,433,570.031.33%
2005$15,932,077.803.23%
2006$16,429,144.803.12%
2007$16,675,848.511.50%
2008$17,438,824.744.58%
2009$17,323,807.76-0.66%
2010$17,425,771.330.59%
2011$17,953,483.593.03%
2012$18,330,217.152.10%
2013$18,662,747.761.81%
2014$18,884,324.381.19%
2015$18,789,953.69-0.50%
2016$19,053,471.241.40%
2017$19,539,040.862.55%
2018$20,114,039.312.94%
2019$20,536,344.552.10%
2020$20,663,680.150.62%
2021$21,703,803.645.03%
2022$23,619,240.518.83%
2023$24,863,579.295.27%
2024$25,673,467.123.26%*

* 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 * $7,000,000 = $25,673,467.12

Therefore, according to U.S. Bureau of Labor Statistics, $7,000,000 in 1980 has the same "purchasing power" as $25,673,467.12 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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