Minneapolis/St. Paul, Minnesota prices:$47,600 in 1989$119,704.64 in 2025

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1989-2025 ($47,600)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 151.48% higher in 2025 versus 1989 (a $72,104.64 difference in value).

Between 1989 and 2025:Minneapolis/St. Paul experienced an average inflation rate of 2.59% per year. This rate of change indicates significant inflation. In other words, $47,600 in Minneapolis/St. Paul in the year 1989 would cost $119,704.64 in 2025 for an equivalent purchase. Compared to the overall inflation rate of 2.69% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1989: Pricing changed by 4.10%, which is above the average yearly change in Minneapolis/St. Paul during the 1989-2025 time period. Compared to inflation for all items in 1989 (4.83%), inflation in Minneapolis/St. Paul was lower.

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
Televisions · Wine at home · Chicago, Illinois · Dental services · More

Buying power of $47,600.00 since 1989

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $47,600 beginning in 1989. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1989$47,600.004.10%
1990$49,550.824.10%
1991$50,877.382.68%
1992$52,672.133.53%
1993$54,310.823.11%
1994$56,027.543.16%
1995$57,354.102.37%
1996$59,265.903.33%
1997$60,631.482.30%
1998$61,762.951.87%
1999$63,713.773.16%
2000$66,366.894.16%
2001$68,863.933.76%
2002$70,073.441.76%
2003$71,282.951.73%
2004$73,311.802.85%
2005$75,340.662.77%
2006$76,550.161.61%
2007$78,519.322.57%
2008$81,527.883.83%
2009$81,110.79-0.51%
2010$82,608.631.85%
2011$85,578.173.59%
2012$87,575.812.33%
2013$89,273.801.94%
2014$90,523.101.40%
2015$89,958.93-0.62%
2016$91,354.931.55%
2017$93,342.432.18%
2018$95,578.072.40%
2019$97,582.342.10%
2020$98,710.301.16%
2021$103,488.644.84%
2022$111,199.847.45%
2023$114,208.792.71%
2024$116,991.442.44%
2025$119,704.642.32%*

* 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:

Year198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720299.852306.806

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2025 / CPI in 1989* 1989 USD value = 2025 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 122.000 in the year 1989 and 306.806 in 2025:

306.806 / 122.000* $47,600 = $119,704.64

Therefore, according to U.S. Bureau of Labor Statistics, $47,600 in 1989 has the same "purchasing power" as $119,704.64 in 2025 (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.