Dallas, Texas prices: $18,500,000 in 1965 $184,062,294.81 in 2024

Inflation in Texas

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Prices in Dallas, 1965-2024 ($18,500,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 894.93% higher in 2024 versus 1965 (a $165,562,294.81 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, $18,500,000 in Dallas in the year 1965 would cost $184,062,294.81 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.96% 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 $18,500,000.00 since 1965

Below are calculations of equivalent buying power in Dallas, over time, for $18,500,000 beginning in 1965. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1965$18,500,000.001.07%
1966$19,140,424.343.46%
1967$19,729,201.563.08%
1968$20,545,226.134.14%
1969$21,841,568.966.31%
1970$23,199,888.336.22%
1971$23,912,618.653.07%
1972$24,609,854.832.92%
1973$25,885,538.815.18%
1974$28,452,400.899.92%
1975$31,081,239.539.24%
1976$32,976,689.006.10%
1977$35,404,103.857.36%
1978$38,172,389.737.82%
1979$42,913,595.7612.42%
1980$50,185,510.8916.95%
1981$56,078,447.7911.74%
1982$59,466,499.166.04%
1983$61,640,843.103.66%
1984$64,538,246.794.70%
1985$66,955,332.223.75%
1986$68,127,721.941.75%
1987$69,826,912.342.49%
1988$71,856,644.332.91%
1989$74,005,164.712.99%
1990$77,351,898.384.52%
1991$80,972,361.814.68%
1992$82,934,952.542.42%
1993$85,011,166.952.50%
1994$87,412,758.242.83%
1995$89,690,396.432.61%
1996$92,143,634.842.74%
1997$93,786,013.401.78%
1998$95,113,344.501.42%
1999$97,798,994.972.82%
2000$101,910,106.094.20%
2001$105,504,745.953.53%
2002$106,940,536.011.36%
2003$109,192,350.642.11%
2004$110,648,799.551.33%
2005$114,222,780.573.23%
2006$117,786,432.163.12%
2007$119,555,139.591.50%
2008$125,025,189.844.58%
2009$124,200,591.85-0.66%
2010$124,931,605.250.59%
2011$128,714,963.713.03%
2012$131,415,901.732.10%
2013$133,799,933.001.81%
2014$135,388,495.251.19%
2015$134,711,917.92-0.50%
2016$136,601,169.741.40%
2017$140,082,392.522.55%
2018$144,204,762.702.94%
2019$147,232,420.442.10%
2020$148,145,335.010.62%
2021$155,602,353.435.03%
2022$169,334,807.378.83%
2023$178,255,918.485.27%
2024$184,062,294.813.26%*

* 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 * $18,500,000 = $184,062,294.81

Therefore, according to U.S. Bureau of Labor Statistics, $18,500,000 in 1965 has the same "purchasing power" as $184,062,294.81 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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