Dallas, Texas prices: $8,000,000 in 1975 $47,696,927 in 2024

Inflation in Texas

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Prices in Dallas, 1975-2024 ($8,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 496.21% higher in 2024 versus 1975 (a $39,696,927 difference in value).

Between 1975 and 2024: Dallas experienced an average inflation rate of 3.71% per year. This rate of change indicates significant inflation. In other words, $8,000,000 in Dallas in the year 1975 would cost $47,696,927 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.66% during this same period, inflation in Dallas was higher.

In the year 1975: Pricing changed by 9.24%, which is significantly above the average yearly change in Dallas during the 1975-2024 time period. Compared to inflation for all items in 1975 (9.14%), 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
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Buying power of $8,000,000.00 since 1975

Below are calculations of equivalent buying power in Dallas, over time, for $8,000,000 beginning in 1975. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1975$8,000,000.009.24%
1976$8,487,869.726.10%
1977$9,112,662.017.36%
1978$9,825,191.097.82%
1979$11,045,530.0812.42%
1980$12,917,248.2616.95%
1981$14,434,031.2411.74%
1982$15,306,081.756.04%
1983$15,865,736.123.66%
1984$16,611,498.844.70%
1985$17,233,632.443.75%
1986$17,535,393.821.75%
1987$17,972,748.422.49%
1988$18,495,181.122.91%
1989$19,048,188.772.99%
1990$19,909,604.524.52%
1991$20,841,475.574.68%
1992$21,346,626.792.42%
1993$21,881,023.602.50%
1994$22,499,169.162.83%
1995$23,085,410.442.61%
1996$23,716,849.452.74%
1997$24,139,581.261.78%
1998$24,481,223.001.42%
1999$25,172,482.552.82%
2000$26,230,641.414.20%
2001$27,155,865.743.53%
2002$27,525,423.731.36%
2003$28,105,018.282.11%
2004$28,479,893.651.33%
2005$29,399,800.603.23%
2006$30,317,048.853.12%
2007$30,772,296.441.50%
2008$32,180,232.644.58%
2009$31,967,989.37-0.66%
2010$32,156,144.900.59%
2011$33,129,943.503.03%
2012$33,825,137.922.10%
2013$34,438,763.711.81%
2014$34,847,643.741.19%
2015$34,673,499.50-0.50%
2016$35,159,774.011.40%
2017$36,055,805.922.55%
2018$37,116,862.752.94%
2019$37,896,151.552.10%
2020$38,131,126.620.62%
2021$40,050,488.535.03%
2022$43,585,084.758.83%
2023$45,881,289.465.27%
2024$47,696,927.003.96%*

* 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
CPI29.50029.53329.85030.88331.83333.15035.24237.43338.58339.70841.76745.90850.15053.20857.12561.59269.24280.97590.48395.95099.458104.133108.033109.925112.667115.942119.408124.808130.650133.817137.167141.042144.717148.675151.325153.467157.800164.433170.233172.550176.183178.533184.300190.050192.904201.730200.399201.579207.683212.041215.888218.451217.359220.408226.025232.676237.561239.035251.066273.224287.618299.000

Adjust Dallas prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1975 * 1975 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 50.150 in the year 1975 and 299.000 in 2024:

299.000 / 50.150 * $8,000,000 = $47,696,927

Therefore, according to U.S. Bureau of Labor Statistics, $8,000,000 in 1975 has the same "purchasing power" as $47,696,927 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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