Minneapolis/St. Paul, Minnesota prices:$29,000 in 1987$79,725.57 in 2025

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1987-2025 ($29,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 174.92% higher in 2025 versus 1987 (a $50,725.57 difference in value).

Between 1987 and 2025:Minneapolis/St. Paul experienced an average inflation rate of 2.70% per year. This rate of change indicates significant inflation. In other words, $29,000 in Minneapolis/St. Paul in the year 1987 would cost $79,725.57 in 2025 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 1987: Pricing changed by 2.95%, which is above the average yearly change in Minneapolis/St. Paul during the 1987-2025 time period. Compared to inflation for all items in 1987 (3.66%), 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 $29,000.00 since 1987

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $29,000 beginning in 1987. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1987$29,000.002.95%
1988$30,455.205.02%
1989$31,702.514.10%
1990$33,001.794.10%
1991$33,885.302.68%
1992$35,080.653.53%
1993$36,172.043.11%
1994$37,315.413.16%
1995$38,198.922.37%
1996$39,472.223.33%
1997$40,381.722.30%
1998$41,135.301.87%
1999$42,434.593.16%
2000$44,201.614.16%
2001$45,864.703.76%
2002$46,670.251.76%
2003$47,475.811.73%
2004$48,827.062.85%
2005$50,178.322.77%
2006$50,983.871.61%
2007$52,295.372.57%
2008$54,299.123.83%
2009$54,021.34-0.51%
2010$55,018.921.85%
2011$56,996.693.59%
2012$58,327.162.33%
2013$59,458.061.94%
2014$60,290.121.40%
2015$59,914.36-0.62%
2016$60,844.131.55%
2017$62,167.842.18%
2018$63,656.822.40%
2019$64,991.702.10%
2020$65,742.951.16%
2021$68,925.414.84%
2022$74,061.227.45%
2023$76,065.232.71%
2024$77,918.532.44%
2025$79,725.572.32%*

* 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:

Year198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720299.852306.806

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2025 / CPI in 1987* 1987 USD value = 2025 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 111.600 in the year 1987 and 306.806 in 2025:

306.806 / 111.600* $29,000 = $79,725.57

Therefore, according to U.S. Bureau of Labor Statistics, $29,000 in 1987 has the same "purchasing power" as $79,725.57 in 2025 (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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