Minneapolis/St. Paul, Minnesota prices: $20,000 in 1995 $36,087.62 in 2021

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1995-2021 ($20,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 80.44% higher in 2021 versus 1995 (a $16,087.62 difference in value).

Between 1995 and 2021: Minneapolis/St. Paul experienced an average inflation rate of 2.30% per year. This rate of change indicates significant inflation. In other words, $20,000 in Minneapolis/St. Paul in the year 1995 would cost $36,087.62 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.24% during this same period, inflation in Minneapolis/St. Paul was higher.

In the year 1995: Pricing changed by 2.37%, which is above the average yearly change in Minneapolis/St. Paul during the 1995-2021 time period. Compared to inflation for all items in 1995 (2.81%), 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: 1988 (5.02%), 2021 (4.84%), and 2000 (4.16%).

View price changes for other categories
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Buying power of $20,000.00 since 1995

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $20,000 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$20,000.002.37%
1996$20,666.673.33%
1997$21,142.862.30%
1998$21,537.411.87%
1999$22,217.693.16%
2000$23,142.864.16%
2001$24,013.613.76%
2002$24,435.371.76%
2003$24,857.141.73%
2004$25,564.632.85%
2005$26,272.112.77%
2006$26,693.881.61%
2007$27,380.542.57%
2008$28,429.663.83%
2009$28,284.22-0.51%
2010$28,806.531.85%
2011$29,842.043.59%
2012$30,538.642.33%
2013$31,130.751.94%
2014$31,566.391.40%
2015$31,369.66-0.62%
2016$31,856.461.55%
2017$32,549.522.18%
2018$33,329.122.40%
2019$34,028.032.10%
2020$34,421.361.16%
2021$36,087.624.84%*
* Not final. See inflation summary for latest details.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Minneapolis-St Paul, Minnesota:

Year19841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2021 / CPI in 1995 * 1995 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 147.000 in the year 1995 and 265.244 in 2021:

265.244 / 147.000 * $20,000 = $36,087.62

Therefore, according to U.S. Bureau of Labor Statistics, $20,000 in 1995 has the same "purchasing power" as $36,087.62 in 2021 (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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