Minneapolis/St. Paul, Minnesota prices: $179,729.60 in 1985 $503,666.17 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1985-2024 ($179,729.60)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $323,936.57 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, $179,729.60 in Minneapolis/St. Paul in the year 1985 would cost $503,666.17 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
Fresh fruits · Juices and nonalcoholic drinks · Atlanta, Georgia · Airline fares · More

Buying power of $179,729.60 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $179,729.60 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$179,729.603.78%
1986$182,081.201.31%
1987$187,456.292.95%
1988$196,862.705.02%
1989$204,925.344.10%
1990$213,323.924.10%
1991$219,034.952.68%
1992$226,761.643.53%
1993$233,816.453.11%
1994$241,207.203.16%
1995$246,918.242.37%
1996$255,148.843.33%
1997$261,027.852.30%
1998$265,899.031.87%
1999$274,297.603.16%
2000$285,719.674.16%
2001$296,469.853.76%
2002$301,676.971.76%
2003$306,884.091.73%
2004$315,618.622.85%
2005$324,353.142.77%
2006$329,560.261.61%
2007$338,037.782.57%
2008$350,990.073.83%
2009$349,194.46-0.51%
2010$355,642.891.85%
2011$368,427.203.59%
2012$377,027.352.33%
2013$384,337.471.94%
2014$389,715.921.40%
2015$387,287.05-0.62%
2016$393,297.081.55%
2017$401,853.552.18%
2018$411,478.322.40%
2019$420,107.022.10%
2020$424,963.081.16%
2021$445,534.564.84%
2022$478,732.477.45%
2023$491,686.432.71%
2024$503,666.172.44%*

* 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 * $179,729.60 = $503,666.17

Therefore, according to U.S. Bureau of Labor Statistics, $179,729.60 in 1985 has the same "purchasing power" as $503,666.17 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.

» Read more about inflation and investment.