Dallas, Texas prices: $7,000,000 in 1965 $69,645,192.63 in 2024

Inflation in Texas

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Prices in Dallas, 1965-2024 ($7,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 894.93% higher in 2024 versus 1965 (a $62,645,192.63 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, $7,000,000 in Dallas in the year 1965 would cost $69,645,192.63 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 $7,000,000.00 since 1965

Below are calculations of equivalent buying power in Dallas, over time, for $7,000,000 beginning in 1965. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1965$7,000,000.001.07%
1966$7,242,322.723.46%
1967$7,465,103.293.08%
1968$7,773,869.354.14%
1969$8,264,377.446.31%
1970$8,778,336.136.22%
1971$9,048,017.873.07%
1972$9,311,836.962.92%
1973$9,794,528.205.18%
1974$10,765,773.319.92%
1975$11,760,469.019.24%
1976$12,477,666.116.10%
1977$13,396,147.407.36%
1978$14,443,606.927.82%
1979$16,237,576.7712.42%
1980$18,989,112.2316.95%
1981$21,218,872.1411.74%
1982$22,500,837.526.04%
1983$23,323,562.263.66%
1984$24,419,877.164.70%
1985$25,334,450.033.75%
1986$25,778,056.951.75%
1987$26,420,993.862.49%
1988$27,189,000.562.91%
1989$28,001,954.222.99%
1990$29,268,285.874.52%
1991$30,638,190.954.68%
1992$31,380,792.852.42%
1993$32,166,387.492.50%
1994$33,075,097.712.83%
1995$33,936,906.762.61%
1996$34,865,159.132.74%
1997$35,486,599.661.78%
1998$35,988,833.051.42%
1999$37,005,025.132.82%
2000$38,560,580.684.20%
2001$39,920,714.683.53%
2002$40,463,986.601.36%
2003$41,316,024.572.11%
2004$41,867,113.341.33%
2005$43,219,430.493.23%
2006$44,567,839.203.12%
2007$45,237,079.841.50%
2008$47,306,828.594.58%
2009$46,994,818.54-0.66%
2010$47,271,418.200.59%
2011$48,702,959.243.03%
2012$49,724,935.792.10%
2013$50,627,001.681.81%
2014$51,228,079.291.19%
2015$50,972,077.05-0.50%
2016$51,686,929.091.40%
2017$53,004,148.522.55%
2018$54,563,964.272.94%
2019$55,709,564.492.10%
2020$56,054,991.620.62%
2021$58,876,566.165.03%
2022$64,072,629.828.83%
2023$67,448,185.375.27%
2024$69,645,192.633.26%*

* 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 * $7,000,000 = $69,645,192.63

Therefore, according to U.S. Bureau of Labor Statistics, $7,000,000 in 1965 has the same "purchasing power" as $69,645,192.63 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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