Dallas, Texas prices: $500,000 in 1965 $4,974,656.62 in 2024

Inflation in Texas

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Prices in Dallas, 1965-2024 ($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 $4,474,656.62 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, $500,000 in Dallas in the year 1965 would cost $4,974,656.62 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 $500,000.00 since 1965

Below are calculations of equivalent buying power in Dallas, over time, for $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$500,000.001.07%
1966$517,308.773.46%
1967$533,221.663.08%
1968$555,276.384.14%
1969$590,312.676.31%
1970$627,024.016.22%
1971$646,286.993.07%
1972$665,131.212.92%
1973$699,609.165.18%
1974$768,983.819.92%
1975$840,033.509.24%
1976$891,261.866.10%
1977$956,867.677.36%
1978$1,031,686.217.82%
1979$1,159,826.9112.42%
1980$1,356,365.1616.95%
1981$1,515,633.7211.74%
1982$1,607,202.686.04%
1983$1,665,968.733.66%
1984$1,744,276.944.70%
1985$1,809,603.573.75%
1986$1,841,289.781.75%
1987$1,887,213.852.49%
1988$1,942,071.472.91%
1989$2,000,139.592.99%
1990$2,090,591.854.52%
1991$2,188,442.214.68%
1992$2,241,485.202.42%
1993$2,297,599.112.50%
1994$2,362,506.982.83%
1995$2,424,064.772.61%
1996$2,490,368.512.74%
1997$2,534,757.121.78%
1998$2,570,630.931.42%
1999$2,643,216.082.82%
2000$2,754,327.194.20%
2001$2,851,479.623.53%
2002$2,890,284.761.36%
2003$2,951,144.612.11%
2004$2,990,508.101.33%
2005$3,087,102.183.23%
2006$3,183,417.093.12%
2007$3,231,219.991.50%
2008$3,379,059.184.58%
2009$3,356,772.75-0.66%
2010$3,376,529.870.59%
2011$3,478,782.803.03%
2012$3,551,781.132.10%
2013$3,616,214.411.81%
2014$3,659,148.521.19%
2015$3,640,862.65-0.50%
2016$3,691,923.511.40%
2017$3,786,010.612.55%
2018$3,897,426.022.94%
2019$3,979,254.612.10%
2020$4,003,927.970.62%
2021$4,205,469.015.03%
2022$4,576,616.428.83%
2023$4,817,727.535.27%
2024$4,974,656.623.26%*

* 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 * $500,000 = $4,974,656.62

Therefore, according to U.S. Bureau of Labor Statistics, $500,000 in 1965 has the same "purchasing power" as $4,974,656.62 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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