Dallas, Texas prices: $500 in 1981 $1,641.11 in 2024

Inflation in Texas

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Prices in Dallas, 1981-2024 ($500)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 228.22% higher in 2024 versus 1981 (a $1,141.11 difference in value).

Between 1981 and 2024: Dallas experienced an average inflation rate of 2.80% per year. This rate of change indicates significant inflation. In other words, $500 in Dallas in the year 1981 would cost $1,641.11 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.90% during this same period, inflation in Dallas was lower.

In the year 1981: Pricing changed by 11.74%, which is significantly above the average yearly change in Dallas during the 1981-2024 time period. Compared to inflation for all items in 1981 (10.33%), inflation in Dallas was 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 $500.00 since 1981

Below are calculations of equivalent buying power in Dallas, over time, for $500 beginning in 1981. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1981$500.0011.74%
1982$530.216.04%
1983$549.593.66%
1984$575.434.70%
1985$596.983.75%
1986$607.431.75%
1987$622.582.49%
1988$640.682.91%
1989$659.842.99%
1990$689.684.52%
1991$721.964.68%
1992$739.452.42%
1993$757.972.50%
1994$779.382.83%
1995$799.692.61%
1996$821.562.74%
1997$836.201.78%
1998$848.041.42%
1999$871.982.82%
2000$908.644.20%
2001$940.693.53%
2002$953.491.36%
2003$973.572.11%
2004$986.551.33%
2005$1,018.423.23%
2006$1,050.193.12%
2007$1,065.961.50%
2008$1,114.734.58%
2009$1,107.38-0.66%
2010$1,113.900.59%
2011$1,147.633.03%
2012$1,171.712.10%
2013$1,192.971.81%
2014$1,207.131.19%
2015$1,201.10-0.50%
2016$1,217.951.40%
2017$1,248.992.55%
2018$1,285.742.94%
2019$1,312.742.10%
2020$1,320.880.62%
2021$1,387.365.03%
2022$1,509.808.83%
2023$1,589.345.27%
2024$1,641.113.26%*

* 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 1981 * 1981 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 90.483 in the year 1981 and 296.987 in 2024:

296.987 / 90.483 * $500 = $1,641.11

Therefore, according to U.S. Bureau of Labor Statistics, $500 in 1981 has the same "purchasing power" as $1,641.11 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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