Minneapolis/St. Paul, Minnesota prices: $114,000 in 1986 $315,342.51 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1986-2024 ($114,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 176.62% higher in 2024 versus 1986 (a $201,342.51 difference in value).

Between 1986 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.71% per year. This rate of change indicates significant inflation. In other words, $114,000 in Minneapolis/St. Paul in the year 1986 would cost $315,342.51 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.81% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1986: Pricing changed by 1.31%, which is below the average yearly change in Minneapolis/St. Paul during the 1986-2024 time period. Compared to inflation for all items in 1986 (1.90%), inflation in Minneapolis/St. Paul was lower.

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
Dental services · Bananas · Detroit, Michigan · Financial services · More

Buying power of $114,000.00 since 1986

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $114,000 beginning in 1986. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1986$114,000.001.31%
1987$117,365.312.95%
1988$123,254.615.02%
1989$128,302.584.10%
1990$133,560.894.10%
1991$137,136.532.68%
1992$141,974.173.53%
1993$146,391.143.11%
1994$151,018.453.16%
1995$154,594.102.37%
1996$159,747.233.33%
1997$163,428.042.30%
1998$166,477.861.87%
1999$171,736.163.16%
2000$178,887.454.16%
2001$185,618.083.76%
2002$188,878.231.76%
2003$192,138.381.73%
2004$197,607.012.85%
2005$203,075.652.77%
2006$206,335.791.61%
2007$211,643.522.57%
2008$219,752.883.83%
2009$218,628.65-0.51%
2010$222,665.981.85%
2011$230,670.173.59%
2012$236,054.672.33%
2013$240,631.491.94%
2014$243,998.911.40%
2015$242,478.21-0.62%
2016$246,241.051.55%
2017$251,598.212.18%
2018$257,624.232.40%
2019$263,026.612.10%
2020$266,066.961.16%
2021$278,946.644.84%
2022$299,731.667.45%
2023$307,842.072.71%
2024$315,342.512.44%*

* 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 1986 * 1986 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 108.400 in the year 1986 and 299.852 in 2024:

299.852 / 108.400 * $114,000 = $315,342.51

Therefore, according to U.S. Bureau of Labor Statistics, $114,000 in 1986 has the same "purchasing power" as $315,342.51 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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