Dallas, Texas prices: $3,000,000 in 1980 $11,002,914.48 in 2024

Inflation in Texas

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Prices in Dallas, 1980-2024 ($3,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 266.76% higher in 2024 versus 1980 (a $8,002,914.48 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, $3,000,000 in Dallas in the year 1980 would cost $11,002,914.48 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 $3,000,000.00 since 1980

Below are calculations of equivalent buying power in Dallas, over time, for $3,000,000 beginning in 1980. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1980$3,000,000.0016.95%
1981$3,352,269.2211.74%
1982$3,554,800.866.04%
1983$3,684,779.253.66%
1984$3,857,980.864.70%
1985$4,002,469.903.75%
1986$4,072,553.261.75%
1987$4,174,127.822.49%
1988$4,295,461.562.91%
1989$4,423,896.262.99%
1990$4,623,958.014.52%
1991$4,840,382.834.68%
1992$4,957,702.992.42%
1993$5,081,815.382.50%
1994$5,225,378.202.83%
1995$5,361,531.342.61%
1996$5,508,181.542.74%
1997$5,606,359.991.78%
1998$5,685,705.461.42%
1999$5,846,248.842.82%
2000$6,092,003.704.20%
2001$6,306,884.843.53%
2002$6,392,713.801.36%
2003$6,527,323.252.11%
2004$6,614,387.161.33%
2005$6,828,033.343.23%
2006$7,041,062.063.12%
2007$7,146,792.221.50%
2008$7,473,782.034.58%
2009$7,424,489.04-0.66%
2010$7,468,187.710.59%
2011$7,694,350.113.03%
2012$7,855,807.352.10%
2013$7,998,320.471.81%
2014$8,093,281.881.19%
2015$8,052,837.30-0.50%
2016$8,165,773.391.40%
2017$8,373,874.652.55%
2018$8,620,302.562.94%
2019$8,801,290.522.10%
2020$8,855,862.920.62%
2021$9,301,630.135.03%
2022$10,122,531.658.83%
2023$10,655,819.705.27%
2024$11,002,914.483.26%*

* 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 * $3,000,000 = $11,002,914.48

Therefore, according to U.S. Bureau of Labor Statistics, $3,000,000 in 1980 has the same "purchasing power" as $11,002,914.48 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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