Minneapolis/St. Paul, Minnesota prices: $184,000 in 1985 $515,633.35 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($184,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $331,633.35 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, $184,000 in Minneapolis/St. Paul in the year 1985 would cost $515,633.35 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
Parking fees and tolls · Wireless telephone services · Bananas · Indoor plants and flowers · More

Buying power of $184,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $184,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$184,000.003.78%
1986$186,407.481.31%
1987$191,910.282.95%
1988$201,540.195.02%
1989$209,794.394.10%
1990$218,392.524.10%
1991$224,239.252.68%
1992$232,149.533.53%
1993$239,371.963.11%
1994$246,938.323.16%
1995$252,785.052.37%
1996$261,211.213.33%
1997$267,229.912.30%
1998$272,216.821.87%
1999$280,814.953.16%
2000$292,508.414.16%
2001$303,514.023.76%
2002$308,844.861.76%
2003$314,175.701.73%
2004$323,117.762.85%
2005$332,059.812.77%
2006$337,390.651.61%
2007$346,069.612.57%
2008$359,329.643.83%
2009$357,491.36-0.51%
2010$364,093.011.85%
2011$377,181.083.59%
2012$385,985.572.33%
2013$393,469.381.94%
2014$398,975.631.40%
2015$396,489.05-0.62%
2016$402,641.871.55%
2017$411,401.642.18%
2018$421,255.102.40%
2019$430,088.822.10%
2020$435,060.261.16%
2021$456,120.524.84%
2022$490,107.217.45%
2023$503,368.972.71%
2024$515,633.352.44%*

* 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 * $184,000 = $515,633.35

Therefore, according to U.S. Bureau of Labor Statistics, $184,000 in 1985 has the same "purchasing power" as $515,633.35 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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