Dallas, Texas prices: $2,500,000 in 1997 $4,892,136.13 in 2024

Inflation in Texas

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Prices in Dallas, 1997-2024 ($2,500,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 95.69% higher in 2024 versus 1997 (a $2,392,136.13 difference in value).

Between 1997 and 2024: Dallas experienced an average inflation rate of 2.52% per year. This rate of change indicates significant inflation. In other words, $2,500,000 in Dallas in the year 1997 would cost $4,892,136.13 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.46% during this same period, inflation in Dallas was higher.

In the year 1997: Pricing changed by 1.78%, which is below the average yearly change in Dallas during the 1997-2024 time period. Compared to inflation for all items in 1997 (2.33%), 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
Women's apparel · Bread · Gasoline (all types) · Food · More

Buying power of $2,500,000.00 since 1997

Below are calculations of equivalent buying power in Dallas, over time, for $2,500,000 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1997$2,500,000.001.78%
1998$2,535,381.901.42%
1999$2,606,971.752.82%
2000$2,716,559.284.20%
2001$2,812,379.543.53%
2002$2,850,652.571.36%
2003$2,910,677.902.11%
2004$2,949,501.621.33%
2005$3,044,771.193.23%
2006$3,139,765.413.12%
2007$3,186,912.831.50%
2008$3,332,724.824.58%
2009$3,310,743.98-0.66%
2010$3,330,230.190.59%
2011$3,431,081.013.03%
2012$3,503,078.362.10%
2013$3,566,628.121.81%
2014$3,608,973.511.19%
2015$3,590,938.38-0.50%
2016$3,641,299.081.40%
2017$3,734,096.042.55%
2018$3,843,983.702.94%
2019$3,924,690.242.10%
2020$3,949,025.280.62%
2021$4,147,802.745.03%
2022$4,513,860.908.83%
2023$4,751,665.845.27%
2024$4,892,136.132.96%*

* 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
CPI29.50029.53329.85030.88331.83333.15035.24237.43338.58339.70841.76745.90850.15053.20857.12561.59269.24280.97590.48395.95099.458104.133108.033109.925112.667115.942119.408124.808130.650133.817137.167141.042144.717148.675151.325153.467157.800164.433170.233172.550176.183178.533184.300190.050192.904201.730200.399201.579207.683212.041215.888218.451217.359220.408226.025232.676237.561239.035251.066273.224287.618296.121

Adjust Dallas prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1997 * 1997 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 151.325 in the year 1997 and 296.121 in 2024:

296.121 / 151.325 * $2,500,000 = $4,892,136.13

Therefore, according to U.S. Bureau of Labor Statistics, $2,500,000 in 1997 has the same "purchasing power" as $4,892,136.13 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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