Dallas, Texas prices: $16,000 in 1965 $159,189.01 in 2024

Inflation in Texas

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Prices in Dallas, 1965-2024 ($16,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 894.93% higher in 2024 versus 1965 (a $143,189.01 difference in value).

Between 1965 and 2024: Dallas experienced an average inflation rate of 3.97% per year. This rate of change indicates significant inflation. In other words, $16,000 in Dallas in the year 1965 would cost $159,189.01 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.95% during this same period, inflation in Dallas was higher.

In the year 1965: Pricing changed by 1.07%, which is below the average yearly change in Dallas during the 1965-2024 time period. Compared to inflation for all items in 1965 (1.59%), 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 $16,000.00 since 1965

Below are calculations of equivalent buying power in Dallas, over time, for $16,000 beginning in 1965. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1965$16,000.001.07%
1966$16,553.883.46%
1967$17,063.093.08%
1968$17,768.844.14%
1969$18,890.016.31%
1970$20,064.776.22%
1971$20,681.183.07%
1972$21,284.202.92%
1973$22,387.495.18%
1974$24,607.489.92%
1975$26,881.079.24%
1976$28,520.386.10%
1977$30,619.777.36%
1978$33,013.967.82%
1979$37,114.4612.42%
1980$43,403.6916.95%
1981$48,500.2811.74%
1982$51,430.496.04%
1983$53,311.003.66%
1984$55,816.864.70%
1985$57,907.313.75%
1986$58,921.271.75%
1987$60,390.842.49%
1988$62,146.292.91%
1989$64,004.472.99%
1990$66,898.944.52%
1991$70,030.154.68%
1992$71,727.532.42%
1993$73,523.172.50%
1994$75,600.222.83%
1995$77,570.072.61%
1996$79,691.792.74%
1997$81,112.231.78%
1998$82,260.191.42%
1999$84,582.912.82%
2000$88,138.474.20%
2001$91,247.353.53%
2002$92,489.111.36%
2003$94,436.632.11%
2004$95,696.261.33%
2005$98,787.273.23%
2006$101,869.353.12%
2007$103,399.041.50%
2008$108,129.894.58%
2009$107,416.73-0.66%
2010$108,048.960.59%
2011$111,321.053.03%
2012$113,657.002.10%
2013$115,718.861.81%
2014$117,092.751.19%
2015$116,507.60-0.50%
2016$118,141.551.40%
2017$121,152.342.55%
2018$124,717.632.94%
2019$127,336.152.10%
2020$128,125.700.62%
2021$134,575.015.03%
2022$146,451.738.83%
2023$154,167.285.27%
2024$159,189.013.26%*

* 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 1965 * 1965 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 29.850 in the year 1965 and 296.987 in 2024:

296.987 / 29.850 * $16,000 = $159,189.01

Therefore, according to U.S. Bureau of Labor Statistics, $16,000 in 1965 has the same "purchasing power" as $159,189.01 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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