Minneapolis/St. Paul, Minnesota prices: $82,361 in 1985 $230,804.77 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($82,361)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $148,443.77 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, $82,361 in Minneapolis/St. Paul in the year 1985 would cost $230,804.77 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
Airline fares · Parking fees and tolls · Fresh fruits · Admission to sporting events · More

Buying power of $82,361.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $82,361 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$82,361.003.78%
1986$83,438.621.31%
1987$85,901.752.95%
1988$90,212.245.02%
1989$93,906.934.10%
1990$97,755.584.10%
1991$100,372.662.68%
1992$103,913.413.53%
1993$107,146.273.11%
1994$110,533.083.16%
1995$113,150.162.37%
1996$116,921.833.33%
1997$119,615.882.30%
1998$121,848.101.87%
1999$125,696.743.16%
2000$130,930.904.16%
2001$135,857.163.76%
2002$138,243.321.76%
2003$140,629.481.73%
2004$144,632.072.85%
2005$148,634.662.77%
2006$151,020.821.61%
2007$154,905.652.57%
2008$160,841.033.83%
2009$160,018.19-0.51%
2010$162,973.181.85%
2011$168,831.583.59%
2012$172,772.602.33%
2013$176,122.461.94%
2014$178,587.131.40%
2015$177,474.10-0.62%
2016$180,228.191.55%
2017$184,149.192.18%
2018$188,559.742.40%
2019$192,513.832.10%
2020$194,739.121.16%
2021$204,165.994.84%
2022$219,378.917.45%
2023$225,315.062.71%
2024$230,804.772.44%*

* 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 * $82,361 = $230,804.77

Therefore, according to U.S. Bureau of Labor Statistics, $82,361 in 1985 has the same "purchasing power" as $230,804.77 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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