Minneapolis/St. Paul, Minnesota prices: $57,000 in 1986 $157,671.25 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1986-2024 ($57,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 176.62% higher in 2024 versus 1986 (a $100,671.25 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, $57,000 in Minneapolis/St. Paul in the year 1986 would cost $157,671.25 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 $57,000.00 since 1986

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $57,000 beginning in 1986. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1986$57,000.001.31%
1987$58,682.662.95%
1988$61,627.315.02%
1989$64,151.294.10%
1990$66,780.444.10%
1991$68,568.272.68%
1992$70,987.083.53%
1993$73,195.573.11%
1994$75,509.233.16%
1995$77,297.052.37%
1996$79,873.623.33%
1997$81,714.022.30%
1998$83,238.931.87%
1999$85,868.083.16%
2000$89,443.734.16%
2001$92,809.043.76%
2002$94,439.111.76%
2003$96,069.191.73%
2004$98,803.512.85%
2005$101,537.822.77%
2006$103,167.901.61%
2007$105,821.762.57%
2008$109,876.443.83%
2009$109,314.33-0.51%
2010$111,332.991.85%
2011$115,335.083.59%
2012$118,027.332.33%
2013$120,315.751.94%
2014$121,999.461.40%
2015$121,239.11-0.62%
2016$123,120.531.55%
2017$125,799.112.18%
2018$128,812.112.40%
2019$131,513.302.10%
2020$133,033.481.16%
2021$139,473.324.84%
2022$149,865.837.45%
2023$153,921.032.71%
2024$157,671.252.44%*

* 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 * $57,000 = $157,671.25

Therefore, according to U.S. Bureau of Labor Statistics, $57,000 in 1986 has the same "purchasing power" as $157,671.25 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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