Minneapolis/St. Paul, Minnesota prices: $228,000 in 1990 $538,316.98 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($228,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $310,316.98 difference in value).

Between 1990 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.56% per year. This rate of change indicates significant inflation. In other words, $228,000 in Minneapolis/St. Paul in the year 1990 would cost $538,316.98 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.61% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1990: Pricing changed by 4.10%, which is above the average yearly change in Minneapolis/St. Paul during the 1990-2024 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: 2022 (7.45%), 1988 (5.02%), and 2021 (4.84%).

View price changes for other categories
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Buying power of $228,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $228,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$228,000.004.10%
1991$234,103.942.68%
1992$242,362.203.53%
1993$249,902.363.11%
1994$257,801.573.16%
1995$263,905.512.37%
1996$272,702.363.33%
1997$278,985.832.30%
1998$284,192.131.87%
1999$293,168.503.16%
2000$305,376.384.16%
2001$316,866.143.76%
2002$322,431.501.76%
2003$327,996.851.73%
2004$337,332.282.85%
2005$346,667.722.77%
2006$352,233.071.61%
2007$361,293.832.57%
2008$375,137.203.83%
2009$373,218.05-0.51%
2010$380,110.111.85%
2011$393,773.953.59%
2012$402,965.762.33%
2013$410,778.801.94%
2014$416,527.281.40%
2015$413,931.31-0.62%
2016$420,354.801.55%
2017$429,499.942.18%
2018$439,786.872.40%
2019$449,009.202.10%
2020$454,199.341.16%
2021$476,186.084.84%
2022$511,667.917.45%
2023$525,513.072.71%
2024$538,316.982.44%*

* 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 1990 * 1990 USD value = 2024 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 299.852 in 2024:

299.852 / 127.000 * $228,000 = $538,316.98

Therefore, according to U.S. Bureau of Labor Statistics, $228,000 in 1990 has the same "purchasing power" as $538,316.98 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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