Minneapolis/St. Paul, Minnesota prices: $69,900 in 1985 $195,884.62 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1985-2024 ($69,900)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $125,984.62 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, $69,900 in Minneapolis/St. Paul in the year 1985 would cost $195,884.62 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
Educational books and supplies · Fresh fruits · Jewelry · Seattle, Washington · More

Buying power of $69,900.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $69,900 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$69,900.003.78%
1986$70,814.581.31%
1987$72,905.052.95%
1988$76,563.365.02%
1989$79,699.074.10%
1990$82,965.424.10%
1991$85,186.542.68%
1992$88,191.593.53%
1993$90,935.333.11%
1994$93,809.723.16%
1995$96,030.842.37%
1996$99,231.873.33%
1997$101,518.322.30%
1998$103,412.801.87%
1999$106,679.163.16%
2000$111,121.404.16%
2001$115,302.343.76%
2002$117,327.481.76%
2003$119,352.621.73%
2004$122,749.632.85%
2005$126,146.642.77%
2006$128,171.781.61%
2007$131,468.832.57%
2008$136,506.213.83%
2009$135,807.86-0.51%
2010$138,315.771.85%
2011$143,287.813.59%
2012$146,632.562.33%
2013$149,475.601.94%
2014$151,567.371.40%
2015$150,622.74-0.62%
2016$152,960.141.55%
2017$156,287.912.18%
2018$160,031.152.40%
2019$163,387.002.10%
2020$165,275.611.16%
2021$173,276.224.84%
2022$186,187.477.45%
2023$191,225.502.71%
2024$195,884.622.44%*

* 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 * $69,900 = $195,884.62

Therefore, according to U.S. Bureau of Labor Statistics, $69,900 in 1985 has the same "purchasing power" as $195,884.62 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.

» Read more about inflation and investment.