Dallas, Texas prices: $60,000 in 1980 $220,058.29 in 2024

Inflation in Texas

$

Prices in Dallas, 1980-2024 ($60,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 266.76% higher in 2024 versus 1980 (a $160,058.29 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, $60,000 in Dallas in the year 1980 would cost $220,058.29 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.07% 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
Philadelphia, Pennsylvania · Frankfurters · Dental services · Televisions · More

Buying power of $60,000.00 since 1980

Below are calculations of equivalent buying power in Dallas, over time, for $60,000 beginning in 1980. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1980$60,000.0016.95%
1981$67,045.3811.74%
1982$71,096.026.04%
1983$73,695.593.66%
1984$77,159.624.70%
1985$80,049.403.75%
1986$81,451.071.75%
1987$83,482.562.49%
1988$85,909.232.91%
1989$88,477.932.99%
1990$92,479.164.52%
1991$96,807.664.68%
1992$99,154.062.42%
1993$101,636.312.50%
1994$104,507.562.83%
1995$107,230.632.61%
1996$110,163.632.74%
1997$112,127.201.78%
1998$113,714.111.42%
1999$116,924.982.82%
2000$121,840.074.20%
2001$126,137.703.53%
2002$127,854.281.36%
2003$130,546.462.11%
2004$132,287.741.33%
2005$136,560.673.23%
2006$140,821.243.12%
2007$142,935.841.50%
2008$149,475.644.58%
2009$148,489.78-0.66%
2010$149,363.750.59%
2011$153,887.003.03%
2012$157,116.152.10%
2013$159,966.411.81%
2014$161,865.641.19%
2015$161,056.75-0.50%
2016$163,315.471.40%
2017$167,477.492.55%
2018$172,406.052.94%
2019$176,025.812.10%
2020$177,117.260.62%
2021$186,032.605.03%
2022$202,450.638.83%
2023$213,116.395.27%
2024$220,058.293.26%*

* 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 * $60,000 = $220,058.29

Therefore, according to U.S. Bureau of Labor Statistics, $60,000 in 1980 has the same "purchasing power" as $220,058.29 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.

» Read more about inflation and investment.