Dallas, Texas prices: $2,000,000 in 1968 $17,917,767.72 in 2024

Inflation in Texas

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Prices in Dallas, 1968-2024 ($2,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 795.89% higher in 2024 versus 1968 (a $15,917,767.72 difference in value).

Between 1968 and 2024: Dallas experienced an average inflation rate of 3.99% per year. This rate of change indicates significant inflation. In other words, $2,000,000 in Dallas in the year 1968 would cost $17,917,767.72 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 1968: Pricing changed by 4.14%, which is above the average yearly change in Dallas during the 1968-2024 time period. Compared to inflation for all items in 1968 (4.27%), 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
Parking fees and tolls · Alcoholic beverages · San Francisco, California · Milk · More

Buying power of $2,000,000.00 since 1968

Below are calculations of equivalent buying power in Dallas, over time, for $2,000,000 beginning in 1968. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1968$2,000,000.004.14%
1969$2,126,194.076.31%
1970$2,258,421.326.22%
1971$2,327,802.923.07%
1972$2,395,676.222.92%
1973$2,519,859.235.18%
1974$2,769,733.539.92%
1975$3,025,641.039.24%
1976$3,210,155.866.10%
1977$3,446,455.517.36%
1978$3,715,937.667.82%
1979$4,177,476.1212.42%
1980$4,885,369.5316.95%
1981$5,459,024.6411.74%
1982$5,788,838.616.04%
1983$6,000,502.773.66%
1984$6,282,554.054.70%
1985$6,517,848.163.75%
1986$6,631,975.871.75%
1987$6,797,385.622.49%
1988$6,994,972.352.91%
1989$7,204,122.672.99%
1990$7,529,914.534.52%
1991$7,882,352.944.68%
1992$8,073,403.722.42%
1993$8,275,515.332.50%
1994$8,509,301.162.83%
1995$8,731,020.612.61%
1996$8,969,834.092.74%
1997$9,129,713.421.78%
1998$9,258,924.081.42%
1999$9,520,361.992.82%
2000$9,920,563.104.20%
2001$10,270,487.683.53%
2002$10,410,256.411.36%
2003$10,629,462.042.11%
2004$10,771,241.831.33%
2005$11,119,155.353.23%
2006$11,466,063.353.12%
2007$11,638,240.321.50%
2008$12,170,729.014.58%
2009$12,090,457.52-0.66%
2010$12,161,618.900.59%
2011$12,529,914.533.03%
2012$12,792,840.622.10%
2013$13,024,917.041.81%
2014$13,179,557.571.19%
2015$13,113,695.32-0.50%
2016$13,297,606.841.40%
2017$13,636,490.702.55%
2018$14,037,787.832.94%
2019$14,332,518.852.10%
2020$14,421,387.630.62%
2021$15,147,300.155.03%
2022$16,484,102.568.83%
2023$17,352,538.965.27%
2024$17,917,767.723.26%*

* 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 1968 * 1968 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 33.150 in the year 1968 and 296.987 in 2024:

296.987 / 33.150 * $2,000,000 = $17,917,767.72

Therefore, according to U.S. Bureau of Labor Statistics, $2,000,000 in 1968 has the same "purchasing power" as $17,917,767.72 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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