Dallas, Texas prices: $23,500 in 1987 $61,764.88 in 2024

Inflation in Texas

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Prices in Dallas, 1987-2024 ($23,500)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 162.83% higher in 2024 versus 1987 (a $38,264.88 difference in value).

Between 1987 and 2024: Dallas experienced an average inflation rate of 2.65% per year. This rate of change indicates significant inflation. In other words, $23,500 in Dallas in the year 1987 would cost $61,764.88 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.74% during this same period, inflation in Dallas was lower.

In the year 1987: Pricing changed by 2.49%, which is below the average yearly change in Dallas during the 1987-2024 time period. Compared to inflation for all items in 1987 (3.66%), inflation in Dallas was lower.

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
Wine at home · Housing · Wireless telephone services · Gasoline (all types) · More

Buying power of $23,500.00 since 1987

Below are calculations of equivalent buying power in Dallas, over time, for $23,500 beginning in 1987. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1987$23,500.002.49%
1988$24,183.102.91%
1989$24,906.182.99%
1990$26,032.514.52%
1991$27,250.964.68%
1992$27,911.462.42%
1993$28,610.212.50%
1994$29,418.452.83%
1995$30,184.992.61%
1996$31,010.612.74%
1997$31,563.351.78%
1998$32,010.061.42%
1999$32,913.912.82%
2000$34,297.494.20%
2001$35,507.253.53%
2002$35,990.461.36%
2003$36,748.302.11%
2004$37,238.461.33%
2005$38,441.273.23%
2006$39,640.613.12%
2007$40,235.861.50%
2008$42,076.784.58%
2009$41,799.27-0.66%
2010$42,045.290.59%
2011$43,318.573.03%
2012$44,227.562.10%
2013$45,029.891.81%
2014$45,564.521.19%
2015$45,336.82-0.50%
2016$45,972.641.40%
2017$47,144.232.55%
2018$48,531.602.94%
2019$49,550.552.10%
2020$49,857.790.62%
2021$52,367.425.03%
2022$56,989.038.83%
2023$59,991.405.27%
2024$61,764.882.96%*

* 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 1987 * 1987 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 112.667 in the year 1987 and 296.121 in 2024:

296.121 / 112.667 * $23,500 = $61,764.88

Therefore, according to U.S. Bureau of Labor Statistics, $23,500 in 1987 has the same "purchasing power" as $61,764.88 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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