Dallas, Texas prices: $6.50 in 1970 $51.57 in 2024

Inflation in Texas

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Prices in Dallas, 1970-2024 ($6.50)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $45.07 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, $6.50 in Dallas in the year 1970 would cost $51.57 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.93% 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
Televisions · Airline fares · Houston, Texas · Alcoholic beverages · More

Buying power of $6.50 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $6.50 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$6.506.22%
1971$6.703.07%
1972$6.902.92%
1973$7.255.18%
1974$7.979.92%
1975$8.719.24%
1976$9.246.10%
1977$9.927.36%
1978$10.697.82%
1979$12.0212.42%
1980$14.0616.95%
1981$15.7111.74%
1982$16.666.04%
1983$17.273.66%
1984$18.084.70%
1985$18.763.75%
1986$19.091.75%
1987$19.562.49%
1988$20.132.91%
1989$20.732.99%
1990$21.674.52%
1991$22.694.68%
1992$23.242.42%
1993$23.822.50%
1994$24.492.83%
1995$25.132.61%
1996$25.822.74%
1997$26.281.78%
1998$26.651.42%
1999$27.402.82%
2000$28.554.20%
2001$29.563.53%
2002$29.961.36%
2003$30.592.11%
2004$31.001.33%
2005$32.003.23%
2006$33.003.12%
2007$33.501.50%
2008$35.034.58%
2009$34.80-0.66%
2010$35.000.59%
2011$36.063.03%
2012$36.822.10%
2013$37.491.81%
2014$37.931.19%
2015$37.74-0.50%
2016$38.271.40%
2017$39.252.55%
2018$40.402.94%
2019$41.252.10%
2020$41.510.62%
2021$43.605.03%
2022$47.448.83%
2023$49.945.27%
2024$51.573.26%*

* 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 * $6.50 = $51.57

Therefore, according to U.S. Bureau of Labor Statistics, $6.50 in 1970 has the same "purchasing power" as $51.57 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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