Minneapolis/St. Paul, Minnesota prices: $10,077.80 in 1985 $28,241.57 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1985-2024 ($10,077.80)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $18,163.77 difference in value).

Between 1985 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.68% per year. This rate of change indicates significant inflation. In other words, $10,077.80 in Minneapolis/St. Paul in the year 1985 would cost $28,241.57 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.78% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1985: Pricing changed by 3.78%, which is above the average yearly change in Minneapolis/St. Paul during the 1985-2024 time period. Compared to inflation for all items in 1985 (3.55%), 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
Educational books and supplies · Admission to sporting events · Medical care · Rent of primary residence · More

Buying power of $10,077.80 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $10,077.80 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$10,077.803.78%
1986$10,209.661.31%
1987$10,511.052.95%
1988$11,038.495.02%
1989$11,490.584.10%
1990$11,961.504.10%
1991$12,281.732.68%
1992$12,714.983.53%
1993$13,110.563.11%
1994$13,524.973.16%
1995$13,845.202.37%
1996$14,306.713.33%
1997$14,636.362.30%
1998$14,909.491.87%
1999$15,380.423.16%
2000$16,020.884.16%
2001$16,623.663.76%
2002$16,915.631.76%
2003$17,207.611.73%
2004$17,697.372.85%
2005$18,187.132.77%
2006$18,479.111.61%
2007$18,954.462.57%
2008$19,680.723.83%
2009$19,580.04-0.51%
2010$19,941.611.85%
2011$20,658.453.59%
2012$21,140.682.33%
2013$21,550.571.94%
2014$21,852.161.40%
2015$21,715.96-0.62%
2016$22,052.961.55%
2017$22,532.742.18%
2018$23,072.422.40%
2019$23,556.252.10%
2020$23,828.531.16%
2021$24,982.024.84%
2022$26,843.497.45%
2023$27,569.852.71%
2024$28,241.572.44%*

* 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 1985 * 1985 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 107.000 in the year 1985 and 299.852 in 2024:

299.852 / 107.000 * $10,077.80 = $28,241.57

Therefore, according to U.S. Bureau of Labor Statistics, $10,077.80 in 1985 has the same "purchasing power" as $28,241.57 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.