Minneapolis/St. Paul, Minnesota prices: $83,564 in 1985 $234,176 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($83,564)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $150,612 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, $83,564 in Minneapolis/St. Paul in the year 1985 would cost $234,176 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 · Televisions · Minneapolis-St Paul, Minnesota · Tampa, Florida · More

Buying power of $83,564.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $83,564 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$83,564.003.78%
1986$84,657.361.31%
1987$87,156.472.95%
1988$91,529.915.02%
1989$95,278.584.10%
1990$99,183.444.10%
1991$101,838.742.68%
1992$105,431.213.53%
1993$108,711.303.11%
1994$112,147.573.16%
1995$114,802.882.37%
1996$118,629.643.33%
1997$121,363.042.30%
1998$123,627.861.87%
1999$127,532.723.16%
2000$132,843.334.16%
2001$137,841.553.76%
2002$140,262.561.76%
2003$142,683.581.73%
2004$146,744.632.85%
2005$150,805.692.77%
2006$153,226.701.61%
2007$157,168.262.57%
2008$163,190.343.83%
2009$162,355.48-0.51%
2010$165,353.631.85%
2011$171,297.613.59%
2012$175,296.192.33%
2013$178,694.981.94%
2014$181,195.651.40%
2015$180,066.36-0.62%
2016$182,860.681.55%
2017$186,838.952.18%
2018$191,313.922.40%
2019$195,325.772.10%
2020$197,583.561.16%
2021$207,148.134.84%
2022$222,583.267.45%
2023$228,606.112.71%
2024$234,176.002.44%*

* 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 * $83,564 = $234,176

Therefore, according to U.S. Bureau of Labor Statistics, $83,564 in 1985 has the same "purchasing power" as $234,176 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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