Dallas, Texas prices: $20,000 in 1988 $51,230.42 in 2024

Inflation in Texas

$

Prices in Dallas, 1988-2024 ($20,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 156.15% higher in 2024 versus 1988 (a $31,230.42 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, $20,000 in Dallas in the year 1988 would cost $51,230.42 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
Airline fares · New York · Admission to sporting events · Medical care · More

Buying power of $20,000.00 since 1988

Below are calculations of equivalent buying power in Dallas, over time, for $20,000 beginning in 1988. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1988$20,000.002.91%
1989$20,598.002.99%
1990$21,529.504.52%
1991$22,537.204.68%
1992$23,083.452.42%
1993$23,661.322.50%
1994$24,329.762.83%
1995$24,963.702.61%
1996$25,646.522.74%
1997$26,103.641.78%
1998$26,473.081.42%
1999$27,220.592.82%
2000$28,364.844.20%
2001$29,365.343.53%
2002$29,764.971.36%
2003$30,391.722.11%
2004$30,797.101.33%
2005$31,791.853.23%
2006$32,783.733.12%
2007$33,276.021.50%
2008$34,798.504.58%
2009$34,568.99-0.66%
2010$34,772.460.59%
2011$35,825.493.03%
2012$36,577.242.10%
2013$37,240.801.81%
2014$37,682.941.19%
2015$37,494.63-0.50%
2016$38,020.471.40%
2017$38,989.412.55%
2018$40,136.792.94%
2019$40,979.492.10%
2020$41,233.580.62%
2021$43,309.115.03%
2022$47,131.298.83%
2023$49,614.325.27%
2024$51,230.423.26%*

* 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 * $20,000 = $51,230.42

Therefore, according to U.S. Bureau of Labor Statistics, $20,000 in 1988 has the same "purchasing power" as $51,230.42 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.