Minneapolis/St. Paul, Minnesota prices: $30,000 in 1986 $82,984.87 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1986-2024 ($30,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 176.62% higher in 2024 versus 1986 (a $52,984.87 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, $30,000 in Minneapolis/St. Paul in the year 1986 would cost $82,984.87 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
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Buying power of $30,000.00 since 1986

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $30,000 beginning in 1986. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1986$30,000.001.31%
1987$30,885.612.95%
1988$32,435.425.02%
1989$33,763.844.10%
1990$35,147.604.10%
1991$36,088.562.68%
1992$37,361.623.53%
1993$38,523.993.11%
1994$39,741.703.16%
1995$40,682.662.37%
1996$42,038.753.33%
1997$43,007.382.30%
1998$43,809.961.87%
1999$45,193.733.16%
2000$47,075.654.16%
2001$48,846.863.76%
2002$49,704.801.76%
2003$50,562.731.73%
2004$52,001.852.85%
2005$53,440.962.77%
2006$54,298.891.61%
2007$55,695.662.57%
2008$57,829.703.83%
2009$57,533.86-0.51%
2010$58,596.311.85%
2011$60,702.683.59%
2012$62,119.652.33%
2013$63,324.081.94%
2014$64,210.241.40%
2015$63,810.06-0.62%
2016$64,800.281.55%
2017$66,210.062.18%
2018$67,795.852.40%
2019$69,217.532.10%
2020$70,017.621.16%
2021$73,407.014.84%
2022$78,876.757.45%
2023$81,011.072.71%
2024$82,984.872.44%*

* 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 * $30,000 = $82,984.87

Therefore, according to U.S. Bureau of Labor Statistics, $30,000 in 1986 has the same "purchasing power" as $82,984.87 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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