Minneapolis/St. Paul, Minnesota prices: $102,000 in 1985 $285,840.22 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($102,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $183,840.22 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, $102,000 in Minneapolis/St. Paul in the year 1985 would cost $285,840.22 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
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Buying power of $102,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $102,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$102,000.003.78%
1986$103,334.581.31%
1987$106,385.052.95%
1988$111,723.365.02%
1989$116,299.074.10%
1990$121,065.424.10%
1991$124,306.542.68%
1992$128,691.593.53%
1993$132,695.333.11%
1994$136,889.723.16%
1995$140,130.842.37%
1996$144,801.873.33%
1997$148,138.322.30%
1998$150,902.801.87%
1999$155,669.163.16%
2000$162,151.404.16%
2001$168,252.343.76%
2002$171,207.481.76%
2003$174,162.621.73%
2004$179,119.632.85%
2005$184,076.642.77%
2006$187,031.781.61%
2007$191,842.932.57%
2008$199,193.613.83%
2009$198,174.56-0.51%
2010$201,834.171.85%
2011$209,089.513.59%
2012$213,970.262.33%
2013$218,118.901.94%
2014$221,171.271.40%
2015$219,792.84-0.62%
2016$223,203.641.55%
2017$228,059.612.18%
2018$233,521.852.40%
2019$238,418.802.10%
2020$241,174.711.16%
2021$252,849.424.84%
2022$271,689.877.45%
2023$279,041.502.71%
2024$285,840.222.44%*

* 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 * $102,000 = $285,840.22

Therefore, according to U.S. Bureau of Labor Statistics, $102,000 in 1985 has the same "purchasing power" as $285,840.22 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.

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