Dallas, Texas prices: $3,000,000 in 1985 $8,247,093.49 in 2024

Inflation in Texas

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Prices in Dallas, 1985-2024 ($3,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 174.90% higher in 2024 versus 1985 (a $5,247,093.49 difference in value).

Between 1985 and 2024: Dallas experienced an average inflation rate of 2.63% per year. This rate of change indicates significant inflation. In other words, $3,000,000 in Dallas in the year 1985 would cost $8,247,093.49 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.76% during this same period, inflation in Dallas was lower.

In the year 1985: Pricing changed by 3.75%, which is above the average yearly change in Dallas during the 1985-2024 time period. Compared to inflation for all items in 1985 (3.55%), 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
Electricity · Televisions · Houston, Texas · Frankfurters · More

Buying power of $3,000,000.00 since 1985

Below are calculations of equivalent buying power in Dallas, over time, for $3,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$3,000,000.003.75%
1986$3,052,530.081.75%
1987$3,128,663.992.49%
1988$3,219,608.152.91%
1989$3,315,874.732.99%
1990$3,465,828.454.52%
1991$3,628,046.904.68%
1992$3,715,982.722.42%
1993$3,809,009.562.50%
1994$3,916,615.242.83%
1995$4,018,667.082.61%
1996$4,128,586.862.74%
1997$4,202,175.251.78%
1998$4,261,647.641.42%
1999$4,381,980.872.82%
2000$4,566,183.284.20%
2001$4,727,244.683.53%
2002$4,791,576.671.36%
2003$4,892,471.462.11%
2004$4,957,729.101.33%
2005$5,117,864.863.23%
2006$5,277,537.803.12%
2007$5,356,786.491.50%
2008$5,601,877.514.58%
2009$5,564,930.58-0.66%
2010$5,597,684.360.59%
2011$5,767,201.483.03%
2012$5,888,219.692.10%
2013$5,995,038.571.81%
2014$6,066,215.671.19%
2015$6,035,900.96-0.50%
2016$6,120,550.761.40%
2017$6,276,530.392.55%
2018$6,461,237.272.94%
2019$6,596,894.482.10%
2020$6,637,798.520.62%
2021$6,971,917.625.03%
2022$7,587,213.828.83%
2023$7,986,933.055.27%
2024$8,247,093.493.26%*

* 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 1985 * 1985 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 108.033 in the year 1985 and 296.987 in 2024:

296.987 / 108.033 * $3,000,000 = $8,247,093.49

Therefore, according to U.S. Bureau of Labor Statistics, $3,000,000 in 1985 has the same "purchasing power" as $8,247,093.49 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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