Minneapolis/St. Paul, Minnesota prices: $92,709 in 1985 $259,803.54 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($92,709)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $167,094.54 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, $92,709 in Minneapolis/St. Paul in the year 1985 would cost $259,803.54 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 $92,709.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $92,709 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$92,709.003.78%
1986$93,922.011.31%
1987$96,694.622.95%
1988$101,546.685.02%
1989$105,705.594.10%
1990$110,037.794.10%
1991$112,983.682.68%
1992$116,969.303.53%
1993$120,608.343.11%
1994$124,420.683.16%
1995$127,366.572.37%
1996$131,612.123.33%
1997$134,644.662.30%
1998$137,157.331.87%
1999$141,489.533.16%
2000$147,381.324.16%
2001$152,926.533.76%
2002$155,612.491.76%
2003$158,298.451.73%
2004$162,803.942.85%
2005$167,309.422.77%
2006$169,995.381.61%
2007$174,368.302.57%
2008$181,049.413.83%
2009$180,123.19-0.51%
2010$183,449.451.85%
2011$190,043.923.59%
2012$194,480.092.33%
2013$198,250.831.94%
2014$201,025.171.40%
2015$199,772.30-0.62%
2016$202,872.421.55%
2017$207,286.062.18%
2018$212,250.762.40%
2019$216,701.662.10%
2020$219,206.531.16%
2021$229,817.814.84%
2022$246,942.127.45%
2023$253,624.102.71%
2024$259,803.542.44%*

* 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 * $92,709 = $259,803.54

Therefore, according to U.S. Bureau of Labor Statistics, $92,709 in 1985 has the same "purchasing power" as $259,803.54 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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