Dallas, Texas prices: $1,431,000 in 1980 $5,248,390.21 in 2024

Inflation in Texas

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Prices in Dallas, 1980-2024 ($1,431,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 266.76% higher in 2024 versus 1980 (a $3,817,390.21 difference in value).

Between 1980 and 2024: Dallas experienced an average inflation rate of 3% per year. This rate of change indicates significant inflation. In other words, $1,431,000 in Dallas in the year 1980 would cost $5,248,390.21 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.06% during this same period, inflation in Dallas was lower.

In the year 1980: Pricing changed by 16.95%, which is significantly above the average yearly change in Dallas during the 1980-2024 time period. Compared to inflation for all items in 1980 (13.55%), inflation in Dallas was much 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 $1,431,000.00 since 1980

Below are calculations of equivalent buying power in Dallas, over time, for $1,431,000 beginning in 1980. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1980$1,431,000.0016.95%
1981$1,599,032.4211.74%
1982$1,695,640.016.04%
1983$1,757,639.703.66%
1984$1,840,256.874.70%
1985$1,909,178.143.75%
1986$1,942,607.901.75%
1987$1,991,058.972.49%
1988$2,048,935.172.91%
1989$2,110,198.522.99%
1990$2,205,627.974.52%
1991$2,308,862.614.68%
1992$2,364,824.332.42%
1993$2,424,025.932.50%
1994$2,492,505.402.83%
1995$2,557,450.452.61%
1996$2,627,402.592.74%
1997$2,674,233.711.78%
1998$2,712,081.511.42%
1999$2,788,660.702.82%
2000$2,905,885.774.20%
2001$3,008,384.073.53%
2002$3,049,324.481.36%
2003$3,113,533.192.11%
2004$3,155,062.671.33%
2005$3,256,971.903.23%
2006$3,358,586.603.12%
2007$3,409,019.891.50%
2008$3,564,994.034.58%
2009$3,541,481.27-0.66%
2010$3,562,325.540.59%
2011$3,670,205.003.03%
2012$3,747,220.102.10%
2013$3,815,198.861.81%
2014$3,860,495.461.19%
2015$3,841,203.39-0.50%
2016$3,895,073.911.40%
2017$3,994,338.212.55%
2018$4,111,884.322.94%
2019$4,198,215.582.10%
2020$4,224,246.610.62%
2021$4,436,877.575.03%
2022$4,828,447.598.83%
2023$5,082,826.005.27%
2024$5,248,390.213.26%*

* 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 1980 * 1980 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 80.975 in the year 1980 and 296.987 in 2024:

296.987 / 80.975 * $1,431,000 = $5,248,390.21

Therefore, according to U.S. Bureau of Labor Statistics, $1,431,000 in 1980 has the same "purchasing power" as $5,248,390.21 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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