Houston, Texas prices: $40,458,971 in 2005 $62,632,955.95 in 2024

Inflation in Texas

$

Prices in Houston, 2005-2024 ($40,458,971)

According to the U.S. Bureau of Labor Statistics, prices in Houston, Texas are 54.81% higher in 2024 versus 2005 (a $22,173,984.95 difference in value).

Between 2005 and 2024: Houston experienced an average inflation rate of 2.33% per year. This rate of change indicates significant inflation. In other words, $40,458,971 in Houston in the year 2005 would cost $62,632,955.95 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.45% during this same period, inflation in Houston was lower.

In the year 2005: Pricing changed by 3.61%, which is above the average yearly change in Houston during the 2005-2024 time period. Compared to inflation for all items in 2005 (3.39%), inflation in Houston was higher.

Price Inflation in Houston, Texas since 1914

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1919 (21.91%), 1918 (21.04%), and 1947 (17.55%).

View price changes for other categories
Frankfurters · Bread · Medical care · Detroit, Michigan · More

Buying power of $40,458,971.00 since 2005

Below are calculations of equivalent buying power in Houston, over time, for $40,458,971 beginning in 2005. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2005$40,458,971.003.61%
2006$41,658,780.802.97%
2007$42,349,863.561.66%
2008$43,835,281.943.51%
2009$43,905,501.570.16%
2010$44,767,807.191.96%
2011$46,203,368.083.21%
2012$47,099,572.171.94%
2013$47,823,668.921.54%
2014$49,207,834.122.89%
2015$49,161,110.75-0.09%
2016$49,894,090.721.49%
2017$50,909,199.032.03%
2018$52,132,485.882.40%
2019$52,780,325.491.24%
2020$52,832,836.400.10%
2021$55,040,101.894.18%
2022$59,592,495.628.27%
2023$61,711,813.513.56%
2024$62,632,955.951.49%*

* 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 Houston, Texas:

Year191419151916191719181919192019211922192319241925192619271928192919301931193219331934193519361937193819391940194119421943194419451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI9.5009.5009.61711.09213.42516.36719.13317.45015.90815.89215.84216.08316.16715.83315.63315.61715.50814.14212.70811.68312.22512.69212.83313.31713.30813.19213.22513.80015.24216.05016.20016.54217.85020.98322.73322.66723.35025.21725.52525.79225.83325.60025.99226.85027.31727.50827.82527.92528.48328.72529.16729.51730.30031.10032.35034.45036.27537.62538.92540.97545.55051.10054.97558.95064.51773.08382.40090.64297.15099.917102.525104.825103.983106.308109.383113.917120.242124.967128.992133.150137.808139.708142.608145.300146.758148.583153.958158.725159.142163.525169.242175.350180.550183.545189.983190.287194.025200.246204.130207.269213.268213.065216.242220.641225.943228.751228.979238.545258.275267.460271.452

Adjust Houston 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 Houston, Texas was 175.350 in the year 2005 and 271.452 in 2024:

271.452 / 175.350 * $40,458,971 = $62,632,955.95

Therefore, according to U.S. Bureau of Labor Statistics, $40,458,971 in 2005 has the same "purchasing power" as $62,632,955.95 in 2024 (in the CPI category of Houston, Texas).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Houston, Texas in 1914. In addition to Houston, 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.