Minneapolis/St. Paul, Minnesota prices:$24,550 in 1985$70,393.34 in 2025

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2025 ($24,550)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 186.73% higher in 2025 versus 1985 (a $45,843.34 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, $24,550 in Minneapolis/St. Paul in the year 1985 would cost $70,393.34 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 $24,550.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $24,550 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$24,550.003.78%
1986$24,871.211.31%
1987$25,605.422.95%
1988$26,890.285.02%
1989$27,991.594.10%
1990$29,138.794.10%
1991$29,918.882.68%
1992$30,974.303.53%
1993$31,937.943.11%
1994$32,947.483.16%
1995$33,727.572.37%
1996$34,851.823.33%
1997$35,654.862.30%
1998$36,320.231.87%
1999$37,467.433.16%
2000$39,027.624.16%
2001$40,496.033.76%
2002$41,207.291.76%
2003$41,918.551.73%
2004$43,111.642.85%
2005$44,304.722.77%
2006$45,015.981.61%
2007$46,173.962.57%
2008$47,943.173.83%
2009$47,697.90-0.51%
2010$48,578.711.85%
2011$50,324.983.59%
2012$51,499.712.33%
2013$52,498.221.94%
2014$53,232.891.40%
2015$52,901.12-0.62%
2016$53,722.051.55%
2017$54,890.822.18%
2018$56,205.502.40%
2019$57,384.132.10%
2020$58,047.441.16%
2021$60,857.394.84%
2022$65,392.027.45%
2023$67,161.462.71%
2024$68,797.822.44%
2025$70,393.342.32%*

* 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* $24,550 = $70,393.34

Therefore, according to U.S. Bureau of Labor Statistics, $24,550 in 1985 has the same "purchasing power" as $70,393.34 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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