Minneapolis/St. Paul, Minnesota prices: $3,500,000 in 1990 $8,263,637.80 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($3,500,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $4,763,637.80 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, $3,500,000 in Minneapolis/St. Paul in the year 1990 would cost $8,263,637.80 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 $3,500,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $3,500,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$3,500,000.004.10%
1991$3,593,700.792.68%
1992$3,720,472.443.53%
1993$3,836,220.473.11%
1994$3,957,480.313.16%
1995$4,051,181.102.37%
1996$4,186,220.473.33%
1997$4,282,677.172.30%
1998$4,362,598.431.87%
1999$4,500,393.703.16%
2000$4,687,795.284.16%
2001$4,864,173.233.76%
2002$4,949,606.301.76%
2003$5,035,039.371.73%
2004$5,178,346.462.85%
2005$5,321,653.542.77%
2006$5,407,086.611.61%
2007$5,546,177.172.57%
2008$5,758,685.043.83%
2009$5,729,224.41-0.51%
2010$5,835,023.621.85%
2011$6,044,775.593.59%
2012$6,185,877.952.33%
2013$6,305,814.961.94%
2014$6,394,059.061.40%
2015$6,354,208.66-0.62%
2016$6,452,814.961.55%
2017$6,593,200.792.18%
2018$6,751,114.172.40%
2019$6,892,685.042.10%
2020$6,972,358.271.16%
2021$7,309,874.024.84%
2022$7,854,551.187.45%
2023$8,067,086.612.71%
2024$8,263,637.802.44%*

* 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 * $3,500,000 = $8,263,637.80

Therefore, according to U.S. Bureau of Labor Statistics, $3,500,000 in 1990 has the same "purchasing power" as $8,263,637.80 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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