Dallas, Texas prices: $6,000,000 in 1980 $22,005,828.96 in 2024

Inflation in Texas

$

Prices in Dallas, 1980-2024 ($6,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 266.76% higher in 2024 versus 1980 (a $16,005,828.96 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, $6,000,000 in Dallas in the year 1980 would cost $22,005,828.96 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
Juices and nonalcoholic drinks · Public transportation · Denver, Colorado · Dallas-Fort Worth, Texas · More

Buying power of $6,000,000.00 since 1980

Below are calculations of equivalent buying power in Dallas, over time, for $6,000,000 beginning in 1980. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1980$6,000,000.0016.95%
1981$6,704,538.4411.74%
1982$7,109,601.736.04%
1983$7,369,558.513.66%
1984$7,715,961.724.70%
1985$8,004,939.803.75%
1986$8,145,106.511.75%
1987$8,348,255.632.49%
1988$8,590,923.122.91%
1989$8,847,792.532.99%
1990$9,247,916.024.52%
1991$9,680,765.674.68%
1992$9,915,405.992.42%
1993$10,163,630.752.50%
1994$10,450,756.412.83%
1995$10,723,062.672.61%
1996$11,016,363.082.74%
1997$11,212,719.981.78%
1998$11,371,410.931.42%
1999$11,692,497.682.82%
2000$12,184,007.414.20%
2001$12,613,769.683.53%
2002$12,785,427.601.36%
2003$13,054,646.502.11%
2004$13,228,774.311.33%
2005$13,656,066.693.23%
2006$14,082,124.113.12%
2007$14,293,584.441.50%
2008$14,947,564.064.58%
2009$14,848,978.08-0.66%
2010$14,936,375.420.59%
2011$15,388,700.223.03%
2012$15,711,614.702.10%
2013$15,996,640.941.81%
2014$16,186,563.751.19%
2015$16,105,674.59-0.50%
2016$16,331,546.771.40%
2017$16,747,749.312.55%
2018$17,240,605.132.94%
2019$17,602,581.042.10%
2020$17,711,725.840.62%
2021$18,603,260.275.03%
2022$20,245,063.298.83%
2023$21,311,639.395.27%
2024$22,005,828.963.26%*

* 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 * $6,000,000 = $22,005,828.96

Therefore, according to U.S. Bureau of Labor Statistics, $6,000,000 in 1980 has the same "purchasing power" as $22,005,828.96 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.