Dallas, Texas prices: $5,000,000 in 1985 $13,745,155.82 in 2024

Inflation in Texas

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Prices in Dallas, 1985-2024 ($5,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 174.90% higher in 2024 versus 1985 (a $8,745,155.82 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, $5,000,000 in Dallas in the year 1985 would cost $13,745,155.82 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.75% 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
Indoor plants and flowers · Milk · Legal services · Dental services · More

Buying power of $5,000,000.00 since 1985

Below are calculations of equivalent buying power in Dallas, over time, for $5,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$5,000,000.003.75%
1986$5,087,550.141.75%
1987$5,214,439.992.49%
1988$5,366,013.582.91%
1989$5,526,457.882.99%
1990$5,776,380.754.52%
1991$6,046,744.834.68%
1992$6,193,304.542.42%
1993$6,348,349.272.50%
1994$6,527,692.072.83%
1995$6,697,778.462.61%
1996$6,880,978.092.74%
1997$7,003,625.421.78%
1998$7,102,746.071.42%
1999$7,303,301.452.82%
2000$7,610,305.464.20%
2001$7,878,741.133.53%
2002$7,985,961.121.36%
2003$8,154,119.102.11%
2004$8,262,881.831.33%
2005$8,529,774.763.23%
2006$8,795,896.333.12%
2007$8,927,977.481.50%
2008$9,336,462.514.58%
2009$9,274,884.29-0.66%
2010$9,329,473.930.59%
2011$9,612,002.473.03%
2012$9,813,699.482.10%
2013$9,991,730.951.81%
2014$10,110,359.461.19%
2015$10,059,834.93-0.50%
2016$10,200,917.931.40%
2017$10,460,883.992.55%
2018$10,768,728.792.94%
2019$10,994,824.132.10%
2020$11,062,997.530.62%
2021$11,619,862.705.03%
2022$12,645,356.378.83%
2023$13,311,555.085.27%
2024$13,745,155.823.26%*

* 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 * $5,000,000 = $13,745,155.82

Therefore, according to U.S. Bureau of Labor Statistics, $5,000,000 in 1985 has the same "purchasing power" as $13,745,155.82 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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