Dallas, Texas prices: $20,854 in 1983 $62,270.97 in 2024

Inflation in Texas

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Prices in Dallas, 1983-2024 ($20,854)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 198.60% higher in 2024 versus 1983 (a $41,416.97 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, $20,854 in Dallas in the year 1983 would cost $62,270.97 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.82% 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 $20,854.00 since 1983

Below are calculations of equivalent buying power in Dallas, over time, for $20,854 beginning in 1983. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1983$20,854.003.66%
1984$21,834.234.70%
1985$22,651.973.75%
1986$23,048.611.75%
1987$23,623.472.49%
1988$24,310.162.91%
1989$25,037.032.99%
1990$26,169.284.52%
1991$27,394.144.68%
1992$28,058.112.42%
1993$28,760.522.50%
1994$29,573.022.83%
1995$30,343.572.61%
1996$31,173.542.74%
1997$31,729.181.78%
1998$32,178.241.42%
1999$33,086.832.82%
2000$34,477.684.20%
2001$35,693.803.53%
2002$36,179.551.36%
2003$36,941.372.11%
2004$37,434.111.33%
2005$38,643.243.23%
2006$39,848.883.12%
2007$40,447.251.50%
2008$42,297.854.58%
2009$42,018.88-0.66%
2010$42,266.190.59%
2011$43,546.163.03%
2012$44,459.922.10%
2013$45,266.481.81%
2014$45,803.911.19%
2015$45,575.01-0.50%
2016$46,214.181.40%
2017$47,391.932.55%
2018$48,786.582.94%
2019$49,810.882.10%
2020$50,119.740.62%
2021$52,642.565.03%
2022$57,288.458.83%
2023$60,306.595.27%
2024$62,270.973.26%*

* 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 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 296.987 in 2024:

296.987 / 99.458 * $20,854 = $62,270.97

Therefore, according to U.S. Bureau of Labor Statistics, $20,854 in 1983 has the same "purchasing power" as $62,270.97 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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