Dallas, Texas prices: $2,000,000 in 1988 $5,123,041.76 in 2024

Inflation in Texas

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Prices in Dallas, 1988-2024 ($2,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 156.15% higher in 2024 versus 1988 (a $3,123,041.76 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, $2,000,000 in Dallas in the year 1988 would cost $5,123,041.76 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%).

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Buying power of $2,000,000.00 since 1988

Below are calculations of equivalent buying power in Dallas, over time, for $2,000,000 beginning in 1988. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1988$2,000,000.002.91%
1989$2,059,800.192.99%
1990$2,152,950.484.52%
1991$2,253,719.544.68%
1992$2,308,344.712.42%
1993$2,366,132.392.50%
1994$2,432,976.352.83%
1995$2,496,370.302.61%
1996$2,564,651.762.74%
1997$2,610,364.411.78%
1998$2,647,308.271.42%
1999$2,722,058.512.82%
2000$2,836,483.864.20%
2001$2,936,534.183.53%
2002$2,976,496.801.36%
2003$3,039,172.002.11%
2004$3,079,709.621.33%
2005$3,179,184.933.23%
2006$3,278,372.743.12%
2007$3,327,601.521.50%
2008$3,479,850.504.58%
2009$3,456,899.30-0.66%
2010$3,477,245.740.59%
2011$3,582,548.703.03%
2012$3,657,724.432.10%
2013$3,724,079.641.81%
2014$3,768,294.401.19%
2015$3,749,463.09-0.50%
2016$3,802,047.011.40%
2017$3,898,940.562.55%
2018$4,013,679.292.94%
2019$4,097,948.682.10%
2020$4,123,358.010.62%
2021$4,330,910.665.03%
2022$4,713,128.738.83%
2023$4,961,431.755.27%
2024$5,123,041.763.26%*

* 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 * $2,000,000 = $5,123,041.76

Therefore, according to U.S. Bureau of Labor Statistics, $2,000,000 in 1988 has the same "purchasing power" as $5,123,041.76 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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