Dallas, Texas prices: $1,000 in 1971 $7,697.29 in 2024

Inflation in Texas

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Prices in Dallas, 1971-2024 ($1,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 669.73% higher in 2024 versus 1971 (a $6,697.29 difference in value).

Between 1971 and 2024: Dallas experienced an average inflation rate of 3.93% per year. This rate of change indicates significant inflation. In other words, $1,000 in Dallas in the year 1971 would cost $7,697.29 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.92% during this same period, inflation in Dallas was higher.

In the year 1971: Pricing changed by 3.07%, which is below the average yearly change in Dallas during the 1971-2024 time period. Compared to inflation for all items in 1971 (4.30%), 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
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Buying power of $1,000.00 since 1971

Below are calculations of equivalent buying power in Dallas, over time, for $1,000 beginning in 1971. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1971$1,000.003.07%
1972$1,029.162.92%
1973$1,082.515.18%
1974$1,189.859.92%
1975$1,299.789.24%
1976$1,379.056.10%
1977$1,480.567.36%
1978$1,596.337.82%
1979$1,794.6012.42%
1980$2,098.7016.95%
1981$2,345.1411.74%
1982$2,486.836.04%
1983$2,577.753.66%
1984$2,698.924.70%
1985$2,800.003.75%
1986$2,849.031.75%
1987$2,920.092.49%
1988$3,004.972.91%
1989$3,094.822.99%
1990$3,234.774.52%
1991$3,386.184.68%
1992$3,468.252.42%
1993$3,555.082.50%
1994$3,655.512.83%
1995$3,750.762.61%
1996$3,853.352.74%
1997$3,922.031.78%
1998$3,977.541.42%
1999$4,089.852.82%
2000$4,261.774.20%
2001$4,412.103.53%
2002$4,472.141.36%
2003$4,566.312.11%
2004$4,627.211.33%
2005$4,776.673.23%
2006$4,925.703.12%
2007$4,999.671.50%
2008$5,228.424.58%
2009$5,193.94-0.66%
2010$5,224.510.59%
2011$5,382.723.03%
2012$5,495.672.10%
2013$5,595.371.81%
2014$5,661.801.19%
2015$5,633.51-0.50%
2016$5,712.511.40%
2017$5,858.102.55%
2018$6,030.492.94%
2019$6,157.102.10%
2020$6,195.280.62%
2021$6,507.125.03%
2022$7,081.408.83%
2023$7,454.475.27%
2024$7,697.293.26%*

* 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 1971 * 1971 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 38.583 in the year 1971 and 296.987 in 2024:

296.987 / 38.583 * $1,000 = $7,697.29

Therefore, according to U.S. Bureau of Labor Statistics, $1,000 in 1971 has the same "purchasing power" as $7,697.29 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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