Dallas, Texas prices: $500,000 in 1967 $4,664,717.28 in 2024

Inflation in Texas

$

Prices in Dallas, 1967-2024 ($500,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 832.94% higher in 2024 versus 1967 (a $4,164,717.28 difference in value).

Between 1967 and 2024: Dallas experienced an average inflation rate of 4% per year. This rate of change indicates significant inflation. In other words, $500,000 in Dallas in the year 1967 would cost $4,664,717.28 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.99% 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%).

View price changes for other categories
Food · Denver, Colorado · Philadelphia, Pennsylvania · Airline fares · More

Buying power of $500,000.00 since 1967

Below are calculations of equivalent buying power in Dallas, over time, for $500,000 beginning in 1967. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1967$500,000.003.08%
1968$520,680.634.14%
1969$553,534.036.31%
1970$587,958.126.22%
1971$606,020.943.07%
1972$623,691.102.92%
1973$656,020.945.18%
1974$721,073.309.92%
1975$787,696.349.24%
1976$835,732.986.10%
1977$897,251.317.36%
1978$967,408.387.82%
1979$1,087,565.4512.42%
1980$1,271,858.6416.95%
1981$1,421,204.1911.74%
1982$1,507,068.066.04%
1983$1,562,172.773.66%
1984$1,635,602.094.70%
1985$1,696,858.643.75%
1986$1,726,570.681.75%
1987$1,769,633.512.49%
1988$1,821,073.302.91%
1989$1,875,523.562.99%
1990$1,960,340.314.52%
1991$2,052,094.244.68%
1992$2,101,832.462.42%
1993$2,154,450.262.50%
1994$2,215,314.142.83%
1995$2,273,036.652.61%
1996$2,335,209.422.74%
1997$2,376,832.461.78%
1998$2,410,471.201.42%
1999$2,478,534.032.82%
2000$2,582,722.514.20%
2001$2,673,821.993.53%
2002$2,710,209.421.36%
2003$2,767,277.492.11%
2004$2,804,188.481.33%
2005$2,894,764.403.23%
2006$2,985,078.533.12%
2007$3,029,903.141.50%
2008$3,168,531.414.58%
2009$3,147,633.51-0.66%
2010$3,166,159.690.59%
2011$3,262,041.883.03%
2012$3,330,492.152.10%
2013$3,390,910.991.81%
2014$3,431,170.161.19%
2015$3,414,023.56-0.50%
2016$3,461,903.141.40%
2017$3,550,128.272.55%
2018$3,654,602.092.94%
2019$3,731,332.462.10%
2020$3,754,468.590.62%
2021$3,943,452.885.03%
2022$4,291,476.448.83%
2023$4,517,565.455.27%
2024$4,664,717.283.26%*

* 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 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 296.987 in 2024:

296.987 / 31.833 * $500,000 = $4,664,717.28

Therefore, according to U.S. Bureau of Labor Statistics, $500,000 in 1967 has the same "purchasing power" as $4,664,717.28 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.

» Read more about inflation and investment.