Dallas, Texas prices: $19,000,000 in 1994 $40,007,702.22 in 2024

Inflation in Texas

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Prices in Dallas, 1994-2024 ($19,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 110.57% higher in 2024 versus 1994 (a $21,007,702.22 difference in value).

Between 1994 and 2024: Dallas experienced an average inflation rate of 2.51% per year. This rate of change indicates significant inflation. In other words, $19,000,000 in Dallas in the year 1994 would cost $40,007,702.22 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.49% during this same period, inflation in Dallas was higher.

In the year 1994: Pricing changed by 2.83%, which is above the average yearly change in Dallas during the 1994-2024 time period. Compared to inflation for all items in 1994 (2.60%), inflation in Dallas was higher.

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 $19,000,000.00 since 1994

Below are calculations of equivalent buying power in Dallas, over time, for $19,000,000 beginning in 1994. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1994$19,000,000.002.83%
1995$19,495,066.472.61%
1996$20,028,301.332.74%
1997$20,385,288.041.78%
1998$20,673,796.161.42%
1999$21,257,548.012.82%
2000$22,151,137.374.20%
2001$22,932,466.773.53%
2002$23,244,549.481.36%
2003$23,734,002.952.11%
2004$24,050,576.071.33%
2005$24,827,415.073.23%
2006$25,602,008.863.12%
2007$25,986,454.361.50%
2008$27,175,422.164.58%
2009$26,996,187.89-0.66%
2010$27,155,080.650.59%
2011$27,977,429.843.03%
2012$28,564,504.582.10%
2013$29,082,696.601.81%
2014$29,427,985.821.19%
2015$29,280,925.26-0.50%
2016$29,691,572.231.40%
2017$30,448,249.342.55%
2018$31,344,285.972.94%
2019$32,002,376.372.10%
2020$32,200,807.090.62%
2021$33,821,661.455.03%
2022$36,806,541.808.83%
2023$38,745,630.725.27%
2024$40,007,702.223.26%*

* 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 1994 * 1994 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 141.042 in the year 1994 and 296.987 in 2024:

296.987 / 141.042 * $19,000,000 = $40,007,702.22

Therefore, according to U.S. Bureau of Labor Statistics, $19,000,000 in 1994 has the same "purchasing power" as $40,007,702.22 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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