Dallas, Texas prices: $8,800 in 1970 $69,817.07 in 2024

Inflation in Texas

$

Prices in Dallas, 1970-2024 ($8,800)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 693.38% higher in 2024 versus 1970 (a $61,017.07 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, $8,800 in Dallas in the year 1970 would cost $69,817.07 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
New trucks · Houston, Texas · Bananas · Seattle, Washington · More

Buying power of $8,800.00 since 1970

Below are calculations of equivalent buying power in Dallas, over time, for $8,800 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$8,800.006.22%
1971$9,070.353.07%
1972$9,334.822.92%
1973$9,818.705.18%
1974$10,792.349.92%
1975$11,789.499.24%
1976$12,508.466.10%
1977$13,429.217.36%
1978$14,479.257.82%
1979$16,277.6512.42%
1980$19,035.9816.95%
1981$21,271.2411.74%
1982$22,556.376.04%
1983$23,381.123.66%
1984$24,480.144.70%
1985$25,396.973.75%
1986$25,841.671.75%
1987$26,486.202.49%
1988$27,256.102.91%
1989$28,071.062.99%
1990$29,340.524.52%
1991$30,713.804.68%
1992$31,458.242.42%
1993$32,245.772.50%
1994$33,156.722.83%
1995$34,020.662.61%
1996$34,951.202.74%
1997$35,574.181.78%
1998$36,077.651.42%
1999$37,096.352.82%
2000$38,655.744.20%
2001$40,019.233.53%
2002$40,563.851.36%
2003$41,417.992.11%
2004$41,970.441.33%
2005$43,326.093.23%
2006$44,677.833.12%
2007$45,348.721.50%
2008$47,423.584.58%
2009$47,110.80-0.66%
2010$47,388.080.59%
2011$48,823.153.03%
2012$49,847.652.10%
2013$50,751.941.81%
2014$51,354.501.19%
2015$51,097.87-0.50%
2016$51,814.491.40%
2017$53,134.962.55%
2018$54,698.622.94%
2019$55,847.052.10%
2020$56,193.330.62%
2021$59,021.875.03%
2022$64,230.758.83%
2023$67,614.645.27%
2024$69,817.073.26%*

* 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 * $8,800 = $69,817.07

Therefore, according to U.S. Bureau of Labor Statistics, $8,800 in 1970 has the same "purchasing power" as $69,817.07 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.