Dallas, Texas prices: $7,000,000 in 1985 $19,243,218.14 in 2024

Inflation in Texas

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Prices in Dallas, 1985-2024 ($7,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 174.90% higher in 2024 versus 1985 (a $12,243,218.14 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, $7,000,000 in Dallas in the year 1985 would cost $19,243,218.14 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 · Wine at home · New trucks · Houston, Texas · More

Buying power of $7,000,000.00 since 1985

Below are calculations of equivalent buying power in Dallas, over time, for $7,000,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$7,000,000.003.75%
1986$7,122,570.191.75%
1987$7,300,215.982.49%
1988$7,512,419.012.91%
1989$7,737,041.042.99%
1990$8,086,933.054.52%
1991$8,465,442.764.68%
1992$8,670,626.352.42%
1993$8,887,688.982.50%
1994$9,138,768.902.83%
1995$9,376,889.852.61%
1996$9,633,369.332.74%
1997$9,805,075.591.78%
1998$9,943,844.491.42%
1999$10,224,622.032.82%
2000$10,654,427.654.20%
2001$11,030,237.583.53%
2002$11,180,345.571.36%
2003$11,415,766.742.11%
2004$11,568,034.561.33%
2005$11,941,684.673.23%
2006$12,314,254.863.12%
2007$12,499,168.471.50%
2008$13,071,047.524.58%
2009$12,984,838.01-0.66%
2010$13,061,263.500.59%
2011$13,456,803.463.03%
2012$13,739,179.272.10%
2013$13,988,423.331.81%
2014$14,154,503.241.19%
2015$14,083,768.90-0.50%
2016$14,281,285.101.40%
2017$14,645,237.582.55%
2018$15,076,220.302.94%
2019$15,392,753.782.10%
2020$15,488,196.540.62%
2021$16,267,807.785.03%
2022$17,703,498.928.83%
2023$18,636,177.115.27%
2024$19,243,218.143.26%*

* 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 * $7,000,000 = $19,243,218.14

Therefore, according to U.S. Bureau of Labor Statistics, $7,000,000 in 1985 has the same "purchasing power" as $19,243,218.14 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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