Dallas, Texas prices: $300,000 in 1972 $2,243,763.27 in 2024

Inflation in Texas

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Prices in Dallas, 1972-2024 ($300,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 647.92% higher in 2024 versus 1972 (a $1,943,763.27 difference in value).

Between 1972 and 2024: Dallas experienced an average inflation rate of 3.95% per year. This rate of change indicates significant inflation. In other words, $300,000 in Dallas in the year 1972 would cost $2,243,763.27 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.94% during this same period, inflation in Dallas was higher.

In the year 1972: Pricing changed by 2.92%, which is below the average yearly change in Dallas during the 1972-2024 time period. Compared to inflation for all items in 1972 (3.27%), 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 $300,000.00 since 1972

Below are calculations of equivalent buying power in Dallas, over time, for $300,000 beginning in 1972. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1972$300,000.002.92%
1973$315,550.895.18%
1974$346,841.559.92%
1975$378,887.729.24%
1976$401,993.706.10%
1977$431,584.477.36%
1978$465,330.547.82%
1979$523,126.9712.42%
1980$611,773.3516.95%
1981$683,609.6511.74%
1982$724,910.816.04%
1983$751,416.583.66%
1984$786,736.624.70%
1985$816,201.473.75%
1986$830,493.181.75%
1987$851,206.722.49%
1988$875,949.632.91%
1989$902,140.612.99%
1990$942,938.094.52%
1991$987,072.404.68%
1992$1,010,996.852.42%
1993$1,036,306.402.50%
1994$1,065,582.372.83%
1995$1,093,347.322.61%
1996$1,123,252.892.74%
1997$1,143,273.871.78%
1998$1,159,454.351.42%
1999$1,192,193.072.82%
2000$1,242,308.504.20%
2001$1,286,128.023.53%
2002$1,303,630.641.36%
2003$1,331,080.802.11%
2004$1,348,835.261.33%
2005$1,392,402.943.23%
2006$1,435,844.703.12%
2007$1,457,405.671.50%
2008$1,524,086.884.58%
2009$1,514,034.84-0.66%
2010$1,522,946.070.59%
2011$1,569,066.113.03%
2012$1,601,991.192.10%
2013$1,631,053.101.81%
2014$1,650,418.051.19%
2015$1,642,170.41-0.50%
2016$1,665,200.841.40%
2017$1,707,637.782.55%
2018$1,757,890.452.94%
2019$1,794,798.322.10%
2020$1,805,926.970.62%
2021$1,896,829.805.03%
2022$2,064,231.698.83%
2023$2,172,982.165.27%
2024$2,243,763.273.26%*

* 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 1972 * 1972 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 39.708 in the year 1972 and 296.987 in 2024:

296.987 / 39.708 * $300,000 = $2,243,763.27

Therefore, according to U.S. Bureau of Labor Statistics, $300,000 in 1972 has the same "purchasing power" as $2,243,763.27 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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