Dallas, Texas prices: $15,000 in 1988 $38,422.81 in 2024

Inflation in Texas

$

Prices in Dallas, 1988-2024 ($15,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 156.15% higher in 2024 versus 1988 (a $23,422.81 difference in value).

Between 1988 and 2024: Dallas experienced an average inflation rate of 2.65% per year. This rate of change indicates significant inflation. In other words, $15,000 in Dallas in the year 1988 would cost $38,422.81 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.72% during this same period, inflation in Dallas was lower.

In the year 1988: Pricing changed by 2.91%, which is above the average yearly change in Dallas during the 1988-2024 time period. Compared to inflation for all items in 1988 (4.08%), 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
Educational books and supplies · Dental services · Tampa, Florida · Milk · More

Buying power of $15,000.00 since 1988

Below are calculations of equivalent buying power in Dallas, over time, for $15,000 beginning in 1988. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1988$15,000.002.91%
1989$15,448.502.99%
1990$16,147.134.52%
1991$16,902.904.68%
1992$17,312.592.42%
1993$17,745.992.50%
1994$18,247.322.83%
1995$18,722.782.61%
1996$19,234.892.74%
1997$19,577.731.78%
1998$19,854.811.42%
1999$20,415.442.82%
2000$21,273.634.20%
2001$22,024.013.53%
2002$22,323.731.36%
2003$22,793.792.11%
2004$23,097.821.33%
2005$23,843.893.23%
2006$24,587.803.12%
2007$24,957.011.50%
2008$26,098.884.58%
2009$25,926.74-0.66%
2010$26,079.340.59%
2011$26,869.123.03%
2012$27,432.932.10%
2013$27,930.601.81%
2014$28,262.211.19%
2015$28,120.97-0.50%
2016$28,515.351.40%
2017$29,242.052.55%
2018$30,102.592.94%
2019$30,734.622.10%
2020$30,925.190.62%
2021$32,481.835.03%
2022$35,348.478.83%
2023$37,210.745.27%
2024$38,422.813.26%*

* 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 1988 * 1988 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 115.942 in the year 1988 and 296.987 in 2024:

296.987 / 115.942 * $15,000 = $38,422.81

Therefore, according to U.S. Bureau of Labor Statistics, $15,000 in 1988 has the same "purchasing power" as $38,422.81 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.

» Read more about inflation and investment.