Dallas, Texas prices: $500 in 1989 $1,243.58 in 2024

Inflation in Texas

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Prices in Dallas, 1989-2024 ($500)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 148.72% higher in 2024 versus 1989 (a $743.58 difference in value).

Between 1989 and 2024: Dallas experienced an average inflation rate of 2.64% per year. This rate of change indicates significant inflation. In other words, $500 in Dallas in the year 1989 would cost $1,243.58 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.66% during this same period, inflation in Dallas was lower.

In the year 1989: Pricing changed by 2.99%, which is above the average yearly change in Dallas during the 1989-2024 time period. Compared to inflation for all items in 1989 (4.83%), 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
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Buying power of $500.00 since 1989

Below are calculations of equivalent buying power in Dallas, over time, for $500 beginning in 1989. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1989$500.002.99%
1990$522.614.52%
1991$547.074.68%
1992$560.332.42%
1993$574.362.50%
1994$590.592.83%
1995$605.972.61%
1996$622.552.74%
1997$633.651.78%
1998$642.611.42%
1999$660.762.82%
2000$688.534.20%
2001$712.823.53%
2002$722.521.36%
2003$737.732.11%
2004$747.571.33%
2005$771.723.23%
2006$795.803.12%
2007$807.751.50%
2008$844.714.58%
2009$839.13-0.66%
2010$844.070.59%
2011$869.643.03%
2012$887.882.10%
2013$903.991.81%
2014$914.721.19%
2015$910.15-0.50%
2016$922.921.40%
2017$946.442.55%
2018$974.292.94%
2019$994.742.10%
2020$1,000.910.62%
2021$1,051.295.03%
2022$1,144.078.83%
2023$1,204.355.27%
2024$1,243.583.26%*

* 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 1989 * 1989 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 119.408 in the year 1989 and 296.987 in 2024:

296.987 / 119.408 * $500 = $1,243.58

Therefore, according to U.S. Bureau of Labor Statistics, $500 in 1989 has the same "purchasing power" as $1,243.58 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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