Minneapolis/St. Paul, Minnesota prices: $169,300 in 1985 $474,438.73 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($169,300)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $305,138.73 difference in value).

Between 1985 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.68% per year. This rate of change indicates significant inflation. In other words, $169,300 in Minneapolis/St. Paul in the year 1985 would cost $474,438.73 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.78% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1985: Pricing changed by 3.78%, which is above the average yearly change in Minneapolis/St. Paul during the 1985-2024 time period. Compared to inflation for all items in 1985 (3.55%), inflation in Minneapolis/St. Paul was higher.

Price Inflation in Minneapolis-St Paul, Minnesota since 1984

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2022 (7.45%), 1988 (5.02%), and 2021 (4.84%).

View price changes for other categories
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Buying power of $169,300.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $169,300 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$169,300.003.78%
1986$171,515.141.31%
1987$176,578.322.95%
1988$185,438.885.02%
1989$193,033.644.10%
1990$200,944.864.10%
1991$206,324.492.68%
1992$213,602.803.53%
1993$220,248.223.11%
1994$227,210.093.16%
1995$232,589.722.37%
1996$240,342.713.33%
1997$245,880.562.30%
1998$250,469.071.87%
1999$258,380.283.16%
2000$269,139.534.16%
2001$279,265.893.76%
2002$284,170.841.76%
2003$289,075.791.73%
2004$297,303.462.85%
2005$305,531.122.77%
2006$310,436.071.61%
2007$318,421.662.57%
2008$330,622.333.83%
2009$328,930.91-0.51%
2010$335,005.141.85%
2011$347,047.603.59%
2012$355,148.682.33%
2013$362,034.601.94%
2014$367,100.941.40%
2015$364,813.02-0.62%
2016$370,474.291.55%
2017$378,534.232.18%
2018$387,600.482.40%
2019$395,728.472.10%
2020$400,302.731.16%
2021$419,680.464.84%
2022$450,951.917.45%
2023$463,154.172.71%
2024$474,438.732.44%*

* 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 Minneapolis-St Paul, Minnesota:

Year19841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720299.852

Adjust Minneapolis/St. Paul 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 Minneapolis-St Paul, Minnesota was 107.000 in the year 1985 and 299.852 in 2024:

299.852 / 107.000 * $169,300 = $474,438.73

Therefore, according to U.S. Bureau of Labor Statistics, $169,300 in 1985 has the same "purchasing power" as $474,438.73 in 2024 (in the CPI category of Minneapolis-St Paul, Minnesota).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Minneapolis-St Paul, Minnesota in 1984. In addition to Minneapolis/St. Paul, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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