Minneapolis/St. Paul, Minnesota prices: $57,939 in 1985 $162,365.65 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($57,939)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $104,426.65 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, $57,939 in Minneapolis/St. Paul in the year 1985 would cost $162,365.65 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
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Buying power of $57,939.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $57,939 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$57,939.003.78%
1986$58,697.081.31%
1987$60,429.842.95%
1988$63,462.165.02%
1989$66,061.294.10%
1990$68,768.724.10%
1991$70,609.772.68%
1992$73,100.613.53%
1993$75,374.853.11%
1994$77,757.393.16%
1995$79,598.442.37%
1996$82,251.723.33%
1997$84,146.922.30%
1998$85,717.231.87%
1999$88,424.663.16%
2000$92,106.774.16%
2001$95,572.283.76%
2002$97,250.881.76%
2003$98,929.491.73%
2004$101,745.222.85%
2005$104,560.942.77%
2006$106,239.551.61%
2007$108,972.432.57%
2008$113,147.833.83%
2009$112,568.98-0.51%
2010$114,647.741.85%
2011$118,768.993.59%
2012$121,541.402.33%
2013$123,897.951.94%
2014$125,631.791.40%
2015$124,848.80-0.62%
2016$126,786.241.55%
2017$129,544.562.18%
2018$132,647.282.40%
2019$135,428.892.10%
2020$136,994.331.16%
2021$143,625.914.84%
2022$154,327.847.45%
2023$158,503.782.71%
2024$162,365.652.44%*

* 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 * $57,939 = $162,365.65

Therefore, according to U.S. Bureau of Labor Statistics, $57,939 in 1985 has the same "purchasing power" as $162,365.65 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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