Minneapolis/St. Paul, Minnesota prices: $135,000 in 1986 $364,549.82 in 2023

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1986-2023 ($135,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 170.04% higher in 2023 versus 1986 (a $229,549.82 difference in value).

Between 1986 and 2023: Minneapolis/St. Paul experienced an average inflation rate of 2.72% per year. This rate of change indicates significant inflation. In other words, $135,000 in Minneapolis/St. Paul in the year 1986 would cost $364,549.82 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.80% 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 1986-2023 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%).

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Buying power of $135,000.00 since 1986

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $135,000 beginning in 1986. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1986$135,000.001.31%
1987$138,985.242.95%
1988$145,959.415.02%
1989$151,937.274.10%
1990$158,164.214.10%
1991$162,398.522.68%
1992$168,127.313.53%
1993$173,357.933.11%
1994$178,837.643.16%
1995$183,071.962.37%
1996$189,174.353.33%
1997$193,533.212.30%
1998$197,144.831.87%
1999$203,371.773.16%
2000$211,840.414.16%
2001$219,810.893.76%
2002$223,671.591.76%
2003$227,532.291.73%
2004$234,008.302.85%
2005$240,484.322.77%
2006$244,345.021.61%
2007$250,630.492.57%
2008$260,233.673.83%
2009$258,902.35-0.51%
2010$263,683.391.85%
2011$273,162.043.59%
2012$279,538.422.33%
2013$284,958.351.94%
2014$288,946.081.40%
2015$287,145.25-0.62%
2016$291,601.251.55%
2017$297,945.252.18%
2018$305,081.322.40%
2019$311,478.872.10%
2020$315,079.291.16%
2021$330,331.554.84%
2022$354,945.397.45%
2023$364,549.822.71%*

* 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:

Year1984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1986 * 1986 USD value = 2023 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 292.720 in 2023:

292.720 / 108.400 * $135,000 = $364,549.82

Therefore, according to U.S. Bureau of Labor Statistics, $135,000 in 1986 has the same "purchasing power" as $364,549.82 in 2023 (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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