Dallas, Texas prices: $3,000,000 in 1979 $12,829,890.48 in 2024

Inflation in Texas

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Prices in Dallas, 1979-2024 ($3,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 327.66% higher in 2024 versus 1979 (a $9,829,890.48 difference in value).

Between 1979 and 2024: Dallas experienced an average inflation rate of 3.28% per year. This rate of change indicates significant inflation. In other words, $3,000,000 in Dallas in the year 1979 would cost $12,829,890.48 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.27% during this same period, inflation in Dallas was higher.

In the year 1979: Pricing changed by 12.42%, which is significantly above the average yearly change in Dallas during the 1979-2024 time period. Compared to inflation for all items in 1979 (11.26%), 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 $3,000,000.00 since 1979

Below are calculations of equivalent buying power in Dallas, over time, for $3,000,000 beginning in 1979. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1979$3,000,000.0012.42%
1980$3,508,364.4216.95%
1981$3,920,327.3611.74%
1982$4,157,178.966.04%
1983$4,309,182.813.66%
1984$4,511,734.264.70%
1985$4,680,707.673.75%
1986$4,762,666.991.75%
1987$4,881,453.852.49%
1988$5,023,348.182.91%
1989$5,173,546.762.99%
1990$5,407,509.934.52%
1991$5,660,608.984.68%
1992$5,797,809.602.42%
1993$5,942,953.422.50%
1994$6,110,843.662.83%
1995$6,270,068.602.61%
1996$6,441,569.382.74%
1997$6,556,384.641.78%
1998$6,649,175.591.42%
1999$6,836,923.822.82%
2000$7,124,323.024.20%
2001$7,375,616.803.53%
2002$7,475,989.891.36%
2003$7,633,409.562.11%
2004$7,735,226.861.33%
2005$7,985,076.423.23%
2006$8,234,203.883.12%
2007$8,357,850.521.50%
2008$8,740,250.334.58%
2009$8,682,604.40-0.66%
2010$8,733,708.030.59%
2011$8,998,194.733.03%
2012$9,187,011.672.10%
2013$9,353,674.331.81%
2014$9,464,727.401.19%
2015$9,417,429.29-0.50%
2016$9,549,502.951.40%
2017$9,792,867.972.55%
2018$10,081,054.282.94%
2019$10,292,711.522.10%
2020$10,356,531.470.62%
2021$10,877,836.085.03%
2022$11,837,843.308.83%
2023$12,461,499.585.27%
2024$12,829,890.482.96%*

* 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 1979 * 1979 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 69.242 in the year 1979 and 296.121 in 2024:

296.121 / 69.242 * $3,000,000 = $12,829,890.48

Therefore, according to U.S. Bureau of Labor Statistics, $3,000,000 in 1979 has the same "purchasing power" as $12,829,890.48 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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