Dallas, Texas prices: $20,000 in 1978 $96,156.19 in 2024

Inflation in Texas

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Prices in Dallas, 1978-2024 ($20,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 380.78% higher in 2024 versus 1978 (a $76,156.19 difference in value).

Between 1978 and 2024: Dallas experienced an average inflation rate of 3.47% per year. This rate of change indicates significant inflation. In other words, $20,000 in Dallas in the year 1978 would cost $96,156.19 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.44% during this same period, inflation in Dallas was higher.

In the year 1978: Pricing changed by 7.82%, which is significantly above the average yearly change in Dallas during the 1978-2024 time period. Compared to inflation for all items in 1978 (7.63%), 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
Electricity · Financial services · Dental services · Hospital services · More

Buying power of $20,000.00 since 1978

Below are calculations of equivalent buying power in Dallas, over time, for $20,000 beginning in 1978. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1978$20,000.007.82%
1979$22,484.1012.42%
1980$26,294.1416.95%
1981$29,381.6811.74%
1982$31,156.816.04%
1983$32,296.043.66%
1984$33,814.104.70%
1985$35,080.503.75%
1986$35,694.761.75%
1987$36,585.042.49%
1988$37,648.492.91%
1989$38,774.182.99%
1990$40,527.674.52%
1991$42,424.574.68%
1992$43,452.852.42%
1993$44,540.662.50%
1994$45,798.942.83%
1995$46,992.292.61%
1996$48,277.632.74%
1997$49,138.141.78%
1998$49,833.581.42%
1999$51,240.702.82%
2000$53,394.674.20%
2001$55,278.043.53%
2002$56,030.311.36%
2003$57,210.122.11%
2004$57,973.211.33%
2005$59,845.763.23%
2006$61,712.893.12%
2007$62,639.591.50%
2008$65,505.564.58%
2009$65,073.52-0.66%
2010$65,456.530.59%
2011$67,438.783.03%
2012$68,853.902.10%
2013$70,102.991.81%
2014$70,935.301.19%
2015$70,580.81-0.50%
2016$71,570.671.40%
2017$73,394.622.55%
2018$75,554.492.94%
2019$77,140.792.10%
2020$77,619.100.62%
2021$81,526.135.03%
2022$88,721.098.83%
2023$93,395.215.27%
2024$96,156.192.96%*

* 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
CPI29.50029.53329.85030.88331.83333.15035.24237.43338.58339.70841.76745.90850.15053.20857.12561.59269.24280.97590.48395.95099.458104.133108.033109.925112.667115.942119.408124.808130.650133.817137.167141.042144.717148.675151.325153.467157.800164.433170.233172.550176.183178.533184.300190.050192.904201.730200.399201.579207.683212.041215.888218.451217.359220.408226.025232.676237.561239.035251.066273.224287.618296.121

Adjust Dallas prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1978 * 1978 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 61.592 in the year 1978 and 296.121 in 2024:

296.121 / 61.592 * $20,000 = $96,156.19

Therefore, according to U.S. Bureau of Labor Statistics, $20,000 in 1978 has the same "purchasing power" as $96,156.19 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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