Dallas, Texas prices: $500 in 1983 $1,493.02 in 2024

Inflation in Texas

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Prices in Dallas, 1983-2024 ($500)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 198.60% higher in 2024 versus 1983 (a $993.02 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, $500 in Dallas in the year 1983 would cost $1,493.02 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.81% 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
Parking fees and tolls · Juices and nonalcoholic drinks · New trucks · Public transportation · More

Buying power of $500.00 since 1983

Below are calculations of equivalent buying power in Dallas, over time, for $500 beginning in 1983. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1983$500.003.66%
1984$523.504.70%
1985$543.113.75%
1986$552.621.75%
1987$566.402.49%
1988$582.872.91%
1989$600.292.99%
1990$627.444.52%
1991$656.814.68%
1992$672.732.42%
1993$689.572.50%
1994$709.052.83%
1995$727.522.61%
1996$747.422.74%
1997$760.751.78%
1998$771.511.42%
1999$793.302.82%
2000$826.644.20%
2001$855.803.53%
2002$867.451.36%
2003$885.712.11%
2004$897.531.33%
2005$926.523.23%
2006$955.433.12%
2007$969.771.50%
2008$1,014.144.58%
2009$1,007.45-0.66%
2010$1,013.380.59%
2011$1,044.073.03%
2012$1,065.982.10%
2013$1,085.321.81%
2014$1,098.201.19%
2015$1,092.72-0.50%
2016$1,108.041.40%
2017$1,136.282.55%
2018$1,169.722.94%
2019$1,194.282.10%
2020$1,201.680.62%
2021$1,262.175.03%
2022$1,373.568.83%
2023$1,445.925.27%
2024$1,493.023.26%*

* 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 * $500 = $1,493.02

Therefore, according to U.S. Bureau of Labor Statistics, $500 in 1983 has the same "purchasing power" as $1,493.02 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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