Dallas, Texas prices: $40,000 in 1967 $372,089.21 in 2024

Inflation in Texas

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Prices in Dallas, 1967-2024 ($40,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 830.22% higher in 2024 versus 1967 (a $332,089.21 difference in value).

Between 1967 and 2024: Dallas experienced an average inflation rate of 3.99% per year. This rate of change indicates significant inflation. In other words, $40,000 in Dallas in the year 1967 would cost $372,089.21 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.98% during this same period, inflation in Dallas was higher.

In the year 1967: Pricing changed by 3.08%, which is below the average yearly change in Dallas during the 1967-2024 time period. Compared to inflation for all items in 1967 (2.80%), inflation in Dallas was higher.

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%).

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Buying power of $40,000.00 since 1967

Below are calculations of equivalent buying power in Dallas, over time, for $40,000 beginning in 1967. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1967$40,000.003.08%
1968$41,654.454.14%
1969$44,282.726.31%
1970$47,036.656.22%
1971$48,481.683.07%
1972$49,895.292.92%
1973$52,481.685.18%
1974$57,685.869.92%
1975$63,015.719.24%
1976$66,858.646.10%
1977$71,780.107.36%
1978$77,392.677.82%
1979$87,005.2412.42%
1980$101,748.6916.95%
1981$113,696.3411.74%
1982$120,565.456.04%
1983$124,973.823.66%
1984$130,848.174.70%
1985$135,748.693.75%
1986$138,125.651.75%
1987$141,570.682.49%
1988$145,685.862.91%
1989$150,041.882.99%
1990$156,827.234.52%
1991$164,167.544.68%
1992$168,146.602.42%
1993$172,356.022.50%
1994$177,225.132.83%
1995$181,842.932.61%
1996$186,816.752.74%
1997$190,146.601.78%
1998$192,837.701.42%
1999$198,282.722.82%
2000$206,617.804.20%
2001$213,905.763.53%
2002$216,816.751.36%
2003$221,382.202.11%
2004$224,335.081.33%
2005$231,581.153.23%
2006$238,806.283.12%
2007$242,392.251.50%
2008$253,482.514.58%
2009$251,810.68-0.66%
2010$253,292.770.59%
2011$260,963.353.03%
2012$266,439.372.10%
2013$271,272.881.81%
2014$274,493.611.19%
2015$273,121.88-0.50%
2016$276,952.251.40%
2017$284,010.262.55%
2018$292,368.172.94%
2019$298,506.602.10%
2020$300,357.490.62%
2021$315,476.235.03%
2022$343,318.128.83%
2023$361,405.245.27%
2024$372,089.212.96%*

* 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
CPI29.50029.53329.85030.88331.83333.15035.24237.43338.58339.70841.76745.90850.15053.20857.12561.59269.24280.97590.48395.95099.458104.133108.033109.925112.667115.942119.408124.808130.650133.817137.167141.042144.717148.675151.325153.467157.800164.433170.233172.550176.183178.533184.300190.050192.904201.730200.399201.579207.683212.041215.888218.451217.359220.408226.025232.676237.561239.035251.066273.224287.618296.121

Adjust Dallas prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1967 * 1967 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 31.833 in the year 1967 and 296.121 in 2024:

296.121 / 31.833 * $40,000 = $372,089.21

Therefore, according to U.S. Bureau of Labor Statistics, $40,000 in 1967 has the same "purchasing power" as $372,089.21 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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