Minneapolis/St. Paul, Minnesota prices: $134,000 in 1985 $375,515.59 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1985-2024 ($134,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $241,515.59 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, $134,000 in Minneapolis/St. Paul in the year 1985 would cost $375,515.59 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
Wireless telephone services · Seattle, Washington · Legal services · Airline fares · More

Buying power of $134,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $134,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$134,000.003.78%
1986$135,753.271.31%
1987$139,760.752.95%
1988$146,773.835.02%
1989$152,785.054.10%
1990$159,046.734.10%
1991$163,304.672.68%
1992$169,065.423.53%
1993$174,325.233.11%
1994$179,835.513.16%
1995$184,093.462.37%
1996$190,229.913.33%
1997$194,613.082.30%
1998$198,244.861.87%
1999$204,506.543.16%
2000$213,022.434.16%
2001$221,037.383.76%
2002$224,919.631.76%
2003$228,801.871.73%
2004$235,314.022.85%
2005$241,826.172.77%
2006$245,708.411.61%
2007$252,028.952.57%
2008$261,685.723.83%
2009$260,346.97-0.51%
2010$265,154.691.85%
2011$274,686.223.59%
2012$281,098.192.33%
2013$286,548.361.94%
2014$290,558.341.40%
2015$288,747.46-0.62%
2016$293,228.321.55%
2017$299,607.722.18%
2018$306,783.612.40%
2019$313,216.862.10%
2020$316,837.361.16%
2021$332,174.734.84%
2022$356,925.917.45%
2023$366,583.932.71%
2024$375,515.592.44%*

* 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 * $134,000 = $375,515.59

Therefore, according to U.S. Bureau of Labor Statistics, $134,000 in 1985 has the same "purchasing power" as $375,515.59 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.