Dallas, Texas prices: $3 in 1970 $23.73 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($3)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 691.06% higher in 2024 versus 1970 (a $20.73 difference in value).

Between 1970 and 2024: Dallas experienced an average inflation rate of 3.90% per year. This rate of change indicates significant inflation. In other words, $3 in Dallas in the year 1970 would cost $23.73 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
Wine at home · Houston, Texas · College tuition and fees · Alcoholic beverages · More

Buying power of $3.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $3 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$3.006.22%
1971$3.093.07%
1972$3.182.92%
1973$3.355.18%
1974$3.689.92%
1975$4.029.24%
1976$4.266.10%
1977$4.587.36%
1978$4.947.82%
1979$5.5512.42%
1980$6.4916.95%
1981$7.2511.74%
1982$7.696.04%
1983$7.973.66%
1984$8.354.70%
1985$8.663.75%
1986$8.811.75%
1987$9.032.49%
1988$9.292.91%
1989$9.572.99%
1990$10.004.52%
1991$10.474.68%
1992$10.722.42%
1993$10.992.50%
1994$11.302.83%
1995$11.602.61%
1996$11.922.74%
1997$12.131.78%
1998$12.301.42%
1999$12.652.82%
2000$13.184.20%
2001$13.643.53%
2002$13.831.36%
2003$14.122.11%
2004$14.311.33%
2005$14.773.23%
2006$15.233.12%
2007$15.461.50%
2008$16.174.58%
2009$16.06-0.66%
2010$16.160.59%
2011$16.643.03%
2012$16.992.10%
2013$17.301.81%
2014$17.511.19%
2015$17.42-0.50%
2016$17.661.40%
2017$18.112.55%
2018$18.652.94%
2019$19.042.10%
2020$19.160.62%
2021$20.125.03%
2022$21.908.83%
2023$23.055.27%
2024$23.732.96%*

* 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 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 296.121 in 2024:

296.121 / 37.433 * $3 = $23.73

Therefore, according to U.S. Bureau of Labor Statistics, $3 in 1970 has the same "purchasing power" as $23.73 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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