Dallas, Texas prices: $1,200,000 in 2005 $1,928,080.30 in 2024

Inflation in Texas

$

Prices in Dallas, 2005-2024 ($1,200,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 60.67% higher in 2024 versus 2005 (a $728,080.30 difference in value).

Between 2005 and 2024: Dallas experienced an average inflation rate of 2.53% per year. This rate of change indicates significant inflation. In other words, $1,200,000 in Dallas in the year 2005 would cost $1,928,080.30 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.45% during this same period, inflation in Dallas was higher.

In the year 2005: Pricing changed by 3.23%, which is above the average yearly change in Dallas during the 2005-2024 time period. Compared to inflation for all items in 2005 (3.39%), 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
Bananas · Fresh fruits · Chicago, Illinois · Frankfurters · More

Buying power of $1,200,000.00 since 2005

Below are calculations of equivalent buying power in Dallas, over time, for $1,200,000 beginning in 2005. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2005$1,200,000.003.23%
2006$1,237,438.963.12%
2007$1,256,020.621.50%
2008$1,313,487.794.58%
2009$1,304,824.74-0.66%
2010$1,312,504.610.59%
2011$1,352,251.763.03%
2012$1,380,627.242.10%
2013$1,405,673.361.81%
2014$1,422,362.451.19%
2015$1,415,254.48-0.50%
2016$1,435,102.551.40%
2017$1,471,675.532.55%
2018$1,514,984.262.94%
2019$1,546,792.192.10%
2020$1,556,383.070.62%
2021$1,634,724.915.03%
2022$1,778,995.128.83%
2023$1,872,718.395.27%
2024$1,928,080.302.96%*

* 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 2005 * 2005 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 184.300 in the year 2005 and 296.121 in 2024:

296.121 / 184.300 * $1,200,000 = $1,928,080.30

Therefore, according to U.S. Bureau of Labor Statistics, $1,200,000 in 2005 has the same "purchasing power" as $1,928,080.30 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.