Dallas, Texas prices: $23,500 in 1985 $64,602.23 in 2024

Inflation in Texas

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Prices in Dallas, 1985-2024 ($23,500)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 174.90% higher in 2024 versus 1985 (a $41,102.23 difference in value).

Between 1985 and 2024: Dallas experienced an average inflation rate of 2.63% per year. This rate of change indicates significant inflation. In other words, $23,500 in Dallas in the year 1985 would cost $64,602.23 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.75% during this same period, inflation in Dallas was lower.

In the year 1985: Pricing changed by 3.75%, which is above the average yearly change in Dallas during the 1985-2024 time period. Compared to inflation for all items in 1985 (3.55%), 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 $23,500.00 since 1985

Below are calculations of equivalent buying power in Dallas, over time, for $23,500 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$23,500.003.75%
1986$23,911.491.75%
1987$24,507.872.49%
1988$25,220.262.91%
1989$25,974.352.99%
1990$27,148.994.52%
1991$28,419.704.68%
1992$29,108.532.42%
1993$29,837.242.50%
1994$30,680.152.83%
1995$31,479.562.61%
1996$32,340.602.74%
1997$32,917.041.78%
1998$33,382.911.42%
1999$34,325.522.82%
2000$35,768.444.20%
2001$37,030.083.53%
2002$37,534.021.36%
2003$38,324.362.11%
2004$38,835.541.33%
2005$40,089.943.23%
2006$41,340.713.12%
2007$41,961.491.50%
2008$43,881.374.58%
2009$43,591.96-0.66%
2010$43,848.530.59%
2011$45,176.413.03%
2012$46,124.392.10%
2013$46,961.141.81%
2014$47,518.691.19%
2015$47,281.22-0.50%
2016$47,944.311.40%
2017$49,166.152.55%
2018$50,613.032.94%
2019$51,675.672.10%
2020$51,996.090.62%
2021$54,613.355.03%
2022$59,433.178.83%
2023$62,564.315.27%
2024$64,602.233.26%*

* 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 1985 * 1985 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 108.033 in the year 1985 and 296.987 in 2024:

296.987 / 108.033 * $23,500 = $64,602.23

Therefore, according to U.S. Bureau of Labor Statistics, $23,500 in 1985 has the same "purchasing power" as $64,602.23 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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