Dallas, Texas prices: $1,400,000 in 1970 $11,107,260.91 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($1,400,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $9,707,260.91 difference in value).

Between 1970 and 2024: Dallas experienced an average inflation rate of 3.91% per year. This rate of change indicates significant inflation. In other words, $1,400,000 in Dallas in the year 1970 would cost $11,107,260.91 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.92% during this same period, inflation in Dallas was lower.

In the year 1970: Pricing changed by 6.22%, which is above the average yearly change in Dallas during the 1970-2024 time period. Compared to inflation for all items in 1970 (5.83%), 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
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Buying power of $1,400,000.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $1,400,000 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$1,400,000.006.22%
1971$1,443,009.803.07%
1972$1,485,084.592.92%
1973$1,562,065.895.18%
1974$1,716,963.499.92%
1975$1,875,601.079.24%
1976$1,989,982.196.10%
1977$2,136,464.837.36%
1978$2,303,517.367.82%
1979$2,589,626.0012.42%
1980$3,028,450.5816.95%
1981$3,384,060.5511.74%
1982$3,588,512.916.04%
1983$3,719,723.953.66%
1984$3,894,568.124.70%
1985$4,040,427.433.75%
1986$4,111,175.421.75%
1987$4,213,713.272.49%
1988$4,336,197.682.91%
1989$4,465,850.402.99%
1990$4,667,809.444.52%
1991$4,886,286.734.68%
1992$5,004,719.502.42%
1993$5,130,008.902.50%
1994$5,274,933.212.83%
1995$5,412,377.562.61%
1996$5,560,418.522.74%
1997$5,659,528.051.78%
1998$5,739,626.001.42%
1999$5,901,691.902.82%
2000$6,149,777.384.20%
2001$6,366,696.353.53%
2002$6,453,339.271.36%
2003$6,589,225.292.11%
2004$6,677,114.871.33%
2005$6,892,787.183.23%
2006$7,107,836.153.12%
2007$7,214,569.011.50%
2008$7,544,659.844.58%
2009$7,494,899.38-0.66%
2010$7,539,012.470.59%
2011$7,767,319.683.03%
2012$7,930,308.102.10%
2013$8,074,172.751.81%
2014$8,170,034.731.19%
2015$8,129,206.59-0.50%
2016$8,243,213.711.40%
2017$8,453,288.512.55%
2018$8,702,053.432.94%
2019$8,884,757.792.10%
2020$8,939,847.730.62%
2021$9,389,842.395.03%
2022$10,218,528.948.83%
2023$10,756,874.445.27%
2024$11,107,260.913.26%*

* 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 1970 * 1970 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 37.433 in the year 1970 and 296.987 in 2024:

296.987 / 37.433 * $1,400,000 = $11,107,260.91

Therefore, according to U.S. Bureau of Labor Statistics, $1,400,000 in 1970 has the same "purchasing power" as $11,107,260.91 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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