Minneapolis/St. Paul, Minnesota prices: $20,000 in 1990 $41,770.71 in 2021

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2021 ($20,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 108.85% higher in 2021 versus 1990 (a $21,770.71 difference in value).

Between 1990 and 2021: Minneapolis/St. Paul experienced an average inflation rate of 2.40% per year. This rate of change indicates significant inflation. In other words, $20,000 in Minneapolis/St. Paul in the year 1990 would cost $41,770.71 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.38% during this same period, inflation in Minneapolis/St. Paul was higher.

In the year 1990: Pricing changed by 4.10%, which is above the average yearly change in Minneapolis/St. Paul during the 1990-2021 time period. Compared to inflation for all items in 1990 (5.40%), 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: 1988 (5.02%), 2021 (4.84%), and 2000 (4.16%).

View price changes for other categories
Bread · Food · Wine at home · Hospital services · More

Buying power of $20,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $20,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$20,000.004.10%
1991$20,535.432.68%
1992$21,259.843.53%
1993$21,921.263.11%
1994$22,614.173.16%
1995$23,149.612.37%
1996$23,921.263.33%
1997$24,472.442.30%
1998$24,929.131.87%
1999$25,716.543.16%
2000$26,787.404.16%
2001$27,795.283.76%
2002$28,283.461.76%
2003$28,771.651.73%
2004$29,590.552.85%
2005$30,409.452.77%
2006$30,897.641.61%
2007$31,692.442.57%
2008$32,906.773.83%
2009$32,738.43-0.51%
2010$33,342.991.85%
2011$34,541.573.59%
2012$35,347.872.33%
2013$36,033.231.94%
2014$36,537.481.40%
2015$36,309.76-0.62%
2016$36,873.231.55%
2017$37,675.432.18%
2018$38,577.802.40%
2019$39,386.772.10%
2020$39,842.051.16%
2021$41,770.714.84%*
* Not final. See inflation summary for latest details.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Minneapolis-St Paul, Minnesota:

Year19841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2021 / CPI in 1990 * 1990 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 127.000 in the year 1990 and 265.244 in 2021:

265.244 / 127.000 * $20,000 = $41,770.71

Therefore, according to U.S. Bureau of Labor Statistics, $20,000 in 1990 has the same "purchasing power" as $41,770.71 in 2021 (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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