Minneapolis/St. Paul, Minnesota prices: $168,089.85 in 1985 $471,047.46 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($168,089.85)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $302,957.61 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, $168,089.85 in Minneapolis/St. Paul in the year 1985 would cost $471,047.46 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
Minneapolis-St Paul, Minnesota · Parking fees and tolls · College tuition and fees · Bananas · More

Buying power of $168,089.85 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $168,089.85 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$168,089.853.78%
1986$170,289.161.31%
1987$175,316.142.95%
1988$184,113.375.02%
1989$191,653.854.10%
1990$199,508.514.10%
1991$204,849.692.68%
1992$212,075.983.53%
1993$218,673.903.11%
1994$225,586.003.16%
1995$230,927.182.37%
1996$238,624.753.33%
1997$244,123.022.30%
1998$248,678.721.87%
1999$256,533.393.16%
2000$267,215.734.16%
2001$277,269.713.76%
2002$282,139.601.76%
2003$287,009.491.73%
2004$295,178.342.85%
2005$303,347.202.77%
2006$308,217.091.61%
2007$316,145.592.57%
2008$328,259.053.83%
2009$326,579.73-0.51%
2010$332,610.541.85%
2011$344,566.913.59%
2012$352,610.092.33%
2013$359,446.791.94%
2014$364,476.921.40%
2015$362,205.35-0.62%
2016$367,826.151.55%
2017$375,828.482.18%
2018$384,829.932.40%
2019$392,899.812.10%
2020$397,441.381.16%
2021$416,680.604.84%
2022$447,728.527.45%
2023$459,843.562.71%
2024$471,047.462.44%*

* 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 * $168,089.85 = $471,047.46

Therefore, according to U.S. Bureau of Labor Statistics, $168,089.85 in 1985 has the same "purchasing power" as $471,047.46 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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