Minneapolis/St. Paul, Minnesota prices: $80,793 in 1990 $186,218.32 in 2023

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2023 ($80,793)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 130.49% higher in 2023 versus 1990 (a $105,425.32 difference in value).

Between 1990 and 2023: Minneapolis/St. Paul experienced an average inflation rate of 2.56% per year. This rate of change indicates significant inflation. In other words, $80,793 in Minneapolis/St. Paul in the year 1990 would cost $186,218.32 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.60% 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 1990-2023 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 $80,793.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $80,793 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$80,793.004.10%
1991$82,955.962.68%
1992$85,882.323.53%
1993$88,554.223.11%
1994$91,353.343.16%
1995$93,516.312.37%
1996$96,633.523.33%
1997$98,860.102.30%
1998$100,704.981.87%
1999$103,885.803.16%
2000$108,211.734.16%
2001$112,283.193.76%
2002$114,255.301.76%
2003$116,227.411.73%
2004$119,535.472.85%
2005$122,843.532.77%
2006$124,815.641.61%
2007$128,026.372.57%
2008$132,931.843.83%
2009$132,251.78-0.51%
2010$134,694.021.85%
2011$139,535.873.59%
2012$142,793.042.33%
2013$145,561.631.94%
2014$147,598.631.40%
2015$146,678.74-0.62%
2016$148,954.941.55%
2017$152,195.562.18%
2018$155,840.792.40%
2019$159,108.772.10%
2020$160,947.931.16%
2021$168,739.044.84%
2022$181,312.227.45%
2023$186,218.322.71%*

* 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:

Year1984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1990 * 1990 USD value = 2023 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 292.720 in 2023:

292.720 / 127.000 * $80,793 = $186,218.32

Therefore, according to U.S. Bureau of Labor Statistics, $80,793 in 1990 has the same "purchasing power" as $186,218.32 in 2023 (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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