Minneapolis/St. Paul, Minnesota prices:$23,950 in 1985$68,672.93 in 2025

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2025 ($23,950)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 186.73% higher in 2025 versus 1985 (a $44,722.93 difference in value).

Between 1985 and 2025:Minneapolis/St. Paul experienced an average inflation rate of 2.67% per year. This rate of change indicates significant inflation. In other words, $23,950 in Minneapolis/St. Paul in the year 1985 would cost $68,672.93 in 2025 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 1985-2025 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 $23,950.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $23,950 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$23,950.003.78%
1986$24,263.361.31%
1987$24,979.632.95%
1988$26,233.085.02%
1989$27,307.484.10%
1990$28,426.644.10%
1991$29,187.662.68%
1992$30,217.293.53%
1993$31,157.383.11%
1994$32,142.243.16%
1995$32,903.272.37%
1996$34,000.053.33%
1997$34,783.462.30%
1998$35,432.571.87%
1999$36,551.733.16%
2000$38,073.794.16%
2001$39,506.313.76%
2002$40,200.191.76%
2003$40,894.071.73%
2004$42,057.992.85%
2005$43,221.922.77%
2006$43,915.791.61%
2007$45,045.472.57%
2008$46,771.443.83%
2009$46,532.16-0.51%
2010$47,391.451.85%
2011$49,095.043.59%
2012$50,241.062.33%
2013$51,215.171.94%
2014$51,931.881.40%
2015$51,608.22-0.62%
2016$52,409.091.55%
2017$53,549.292.18%
2018$54,831.852.40%
2019$55,981.672.10%
2020$56,628.771.16%
2021$59,370.044.84%
2022$63,793.857.45%
2023$65,520.042.71%
2024$67,116.412.44%
2025$68,672.932.32%*

* 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:

Year198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720299.852306.806

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2025 / CPI in 1985* 1985 USD value = 2025 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 306.806 in 2025:

306.806 / 107.000* $23,950 = $68,672.93

Therefore, according to U.S. Bureau of Labor Statistics, $23,950 in 1985 has the same "purchasing power" as $68,672.93 in 2025 (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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