Minneapolis/St. Paul, Minnesota prices: $71,500 in 1990 $168,814.31 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1990-2024 ($71,500)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $97,314.31 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, $71,500 in Minneapolis/St. Paul in the year 1990 would cost $168,814.31 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
Educational books and supplies · Public transportation · Film and photographic supplies · Gasoline (all types) · More

Buying power of $71,500.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $71,500 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$71,500.004.10%
1991$73,414.172.68%
1992$76,003.943.53%
1993$78,368.503.11%
1994$80,845.673.16%
1995$82,759.842.37%
1996$85,518.503.33%
1997$87,488.982.30%
1998$89,121.651.87%
1999$91,936.613.16%
2000$95,764.964.16%
2001$99,368.113.76%
2002$101,113.391.76%
2003$102,858.661.73%
2004$105,786.222.85%
2005$108,713.782.77%
2006$110,459.061.61%
2007$113,300.482.57%
2008$117,641.713.83%
2009$117,039.87-0.51%
2010$119,201.201.85%
2011$123,486.133.59%
2012$126,368.652.33%
2013$128,818.791.94%
2014$130,621.491.40%
2015$129,807.41-0.62%
2016$131,821.791.55%
2017$134,689.672.18%
2018$137,915.622.40%
2019$140,807.712.10%
2020$142,435.321.16%
2021$149,330.284.84%
2022$160,457.267.45%
2023$164,799.062.71%
2024$168,814.312.44%*

* 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 * $71,500 = $168,814.31

Therefore, according to U.S. Bureau of Labor Statistics, $71,500 in 1990 has the same "purchasing power" as $168,814.31 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.

» Read more about inflation and investment.