Minneapolis/St. Paul, Minnesota prices: $80,793 in 1993 $169,897.46 in 2023

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1993-2023 ($80,793)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 110.29% higher in 2023 versus 1993 (a $89,104.46 difference in value).

Between 1993 and 2023: Minneapolis/St. Paul experienced an average inflation rate of 2.51% per year. This rate of change indicates significant inflation. In other words, $80,793 in Minneapolis/St. Paul in the year 1993 would cost $169,897.46 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.52% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1993: Pricing changed by 3.11%, which is above the average yearly change in Minneapolis/St. Paul during the 1993-2023 time period. Compared to inflation for all items in 1993 (2.95%), inflation in Minneapolis/St. Paul was higher.

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 1993

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $80,793 beginning in 1993. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1993$80,793.003.11%
1994$83,346.803.16%
1995$85,320.192.37%
1996$88,164.203.33%
1997$90,195.632.30%
1998$91,878.821.87%
1999$94,780.873.16%
2000$98,727.654.16%
2001$102,442.273.76%
2002$104,241.541.76%
2003$106,040.811.73%
2004$109,058.942.85%
2005$112,077.072.77%
2006$113,876.341.61%
2007$116,805.672.57%
2008$121,281.203.83%
2009$120,660.75-0.51%
2010$122,888.941.85%
2011$127,306.443.59%
2012$130,278.132.33%
2013$132,804.071.94%
2014$134,662.551.40%
2015$133,823.27-0.62%
2016$135,899.981.55%
2017$138,856.582.18%
2018$142,182.332.40%
2019$145,163.892.10%
2020$146,841.861.16%
2021$153,950.134.84%
2022$165,421.357.45%
2023$169,897.462.71%*

* 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 1993 * 1993 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 139.200 in the year 1993 and 292.720 in 2023:

292.720 / 139.200 * $80,793 = $169,897.46

Therefore, according to U.S. Bureau of Labor Statistics, $80,793 in 1993 has the same "purchasing power" as $169,897.46 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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