Minneapolis/St. Paul, Minnesota prices: $3,003,000 in 1990 $7,090,201.23 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($3,003,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $4,087,201.23 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, $3,003,000 in Minneapolis/St. Paul in the year 1990 would cost $7,090,201.23 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%).

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Buying power of $3,003,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $3,003,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$3,003,000.004.10%
1991$3,083,395.282.68%
1992$3,192,165.353.53%
1993$3,291,477.173.11%
1994$3,395,518.113.16%
1995$3,475,913.392.37%
1996$3,591,777.173.33%
1997$3,674,537.012.30%
1998$3,743,109.451.87%
1999$3,861,337.803.16%
2000$4,022,128.354.16%
2001$4,173,460.633.76%
2002$4,246,762.201.76%
2003$4,320,063.781.73%
2004$4,443,021.262.85%
2005$4,565,978.742.77%
2006$4,639,280.311.61%
2007$4,758,620.012.57%
2008$4,940,951.763.83%
2009$4,915,674.54-0.51%
2010$5,006,450.271.85%
2011$5,186,417.463.59%
2012$5,307,483.282.33%
2013$5,410,389.241.94%
2014$5,486,102.671.40%
2015$5,451,911.03-0.62%
2016$5,536,515.241.55%
2017$5,656,966.282.18%
2018$5,792,455.962.40%
2019$5,913,923.762.10%
2020$5,982,283.391.16%
2021$6,271,871.914.84%
2022$6,739,204.917.45%
2023$6,921,560.312.71%
2024$7,090,201.232.44%*

* 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 * $3,003,000 = $7,090,201.23

Therefore, according to U.S. Bureau of Labor Statistics, $3,003,000 in 1990 has the same "purchasing power" as $7,090,201.23 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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