Dallas, Texas prices: $20,000 in 1983 $59,546.74 in 2024

Inflation in Texas

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Prices in Dallas, 1983-2024 ($20,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 197.73% higher in 2024 versus 1983 (a $39,546.74 difference in value).

Between 1983 and 2024: Dallas experienced an average inflation rate of 2.70% per year. This rate of change indicates significant inflation. In other words, $20,000 in Dallas in the year 1983 would cost $59,546.74 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.80% during this same period, inflation in Dallas was lower.

In the year 1983: Pricing changed by 3.66%, which is above the average yearly change in Dallas during the 1983-2024 time period. Compared to inflation for all items in 1983 (3.21%), 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%).

View price changes for other categories
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Buying power of $20,000.00 since 1983

Below are calculations of equivalent buying power in Dallas, over time, for $20,000 beginning in 1983. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1983$20,000.003.66%
1984$20,940.094.70%
1985$21,724.343.75%
1986$22,104.731.75%
1987$22,656.052.49%
1988$23,314.622.91%
1989$24,011.732.99%
1990$25,097.614.52%
1991$26,272.314.68%
1992$26,909.092.42%
1993$27,582.742.50%
1994$28,361.962.83%
1995$29,100.962.61%
1996$29,896.942.74%
1997$30,429.831.78%
1998$30,860.491.42%
1999$31,731.882.82%
2000$33,065.774.20%
2001$34,232.093.53%
2002$34,697.951.36%
2003$35,428.572.11%
2004$35,901.131.33%
2005$37,060.753.23%
2006$38,217.013.12%
2007$38,790.881.50%
2008$40,565.704.58%
2009$40,298.15-0.66%
2010$40,535.330.59%
2011$41,762.883.03%
2012$42,639.232.10%
2013$43,412.751.81%
2014$43,928.181.19%
2015$43,708.66-0.50%
2016$44,321.641.40%
2017$45,451.162.55%
2018$46,788.712.94%
2019$47,771.062.10%
2020$48,067.260.62%
2021$50,486.775.03%
2022$54,942.408.83%
2023$57,836.955.27%
2024$59,546.742.96%*

* 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
CPI29.50029.53329.85030.88331.83333.15035.24237.43338.58339.70841.76745.90850.15053.20857.12561.59269.24280.97590.48395.95099.458104.133108.033109.925112.667115.942119.408124.808130.650133.817137.167141.042144.717148.675151.325153.467157.800164.433170.233172.550176.183178.533184.300190.050192.904201.730200.399201.579207.683212.041215.888218.451217.359220.408226.025232.676237.561239.035251.066273.224287.618296.121

Adjust Dallas prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1983 * 1983 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 99.458 in the year 1983 and 296.121 in 2024:

296.121 / 99.458 * $20,000 = $59,546.74

Therefore, according to U.S. Bureau of Labor Statistics, $20,000 in 1983 has the same "purchasing power" as $59,546.74 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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