Minneapolis/St. Paul, Minnesota prices: $132,500 in 1985 $371,312.06 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1985-2024 ($132,500)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $238,812.06 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, $132,500 in Minneapolis/St. Paul in the year 1985 would cost $371,312.06 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
Seattle, Washington · Alcoholic beverages · Fresh fruits · Hospital services · More

Buying power of $132,500.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $132,500 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$132,500.003.78%
1986$134,233.641.31%
1987$138,196.262.95%
1988$145,130.845.02%
1989$151,074.774.10%
1990$157,266.364.10%
1991$161,476.642.68%
1992$167,172.903.53%
1993$172,373.833.11%
1994$177,822.433.16%
1995$182,032.712.37%
1996$188,100.473.33%
1997$192,434.582.30%
1998$196,025.701.87%
1999$202,217.293.16%
2000$210,637.854.16%
2001$218,563.083.76%
2002$222,401.871.76%
2003$226,240.651.73%
2004$232,679.912.85%
2005$239,119.162.77%
2006$242,957.941.61%
2007$249,207.732.57%
2008$258,756.403.83%
2009$257,432.64-0.51%
2010$262,186.541.85%
2011$271,611.383.59%
2012$277,951.572.33%
2013$283,340.721.94%
2014$287,305.821.40%
2015$285,515.21-0.62%
2016$289,945.911.55%
2017$296,253.902.18%
2018$303,349.462.40%
2019$309,710.702.10%
2020$313,290.681.16%
2021$328,456.364.84%
2022$352,930.477.45%
2023$362,480.372.71%
2024$371,312.062.44%*

* 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 * $132,500 = $371,312.06

Therefore, according to U.S. Bureau of Labor Statistics, $132,500 in 1985 has the same "purchasing power" as $371,312.06 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.