Minneapolis/St. Paul, Minnesota prices: $40,000 in 1989 $98,312.13 in 2026

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1989-2026 ($40,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 145.78% higher in 2026 versus 1989 (a $58,312.13 difference in value).

Between 1989 and 2026: Minneapolis/St. Paul experienced an average inflation rate of 2.46% per year. This rate of change indicates significant inflation. In other words, $40,000 in Minneapolis/St. Paul in the year 1989 would cost $98,312.13 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 2.63% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1989: Pricing changed by 4.10%, which is above the average yearly change in Minneapolis/St. Paul during the 1989-2026 time period. Compared to inflation for all items in 1989 (4.83%), 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 $40,000.00 since 1989

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $40,000 beginning in 1989. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1989$40,000.004.10%
1990$41,639.344.10%
1991$42,754.102.68%
1992$44,262.303.53%
1993$45,639.343.11%
1994$47,081.973.16%
1995$48,196.722.37%
1996$49,803.283.33%
1997$50,950.822.30%
1998$51,901.641.87%
1999$53,540.983.16%
2000$55,770.494.16%
2001$57,868.853.76%
2002$58,885.251.76%
2003$59,901.641.73%
2004$61,606.562.85%
2005$63,311.482.77%
2006$64,327.871.61%
2007$65,982.622.57%
2008$68,510.823.83%
2009$68,160.33-0.51%
2010$69,419.021.85%
2011$71,914.433.59%
2012$73,593.112.33%
2013$75,020.001.94%
2014$76,069.841.40%
2015$75,595.74-0.62%
2016$76,768.851.55%
2017$78,439.022.18%
2018$80,317.702.40%
2019$82,001.972.10%
2020$82,949.841.16%
2021$86,965.254.84%
2022$93,445.257.45%
2023$95,973.772.71%
2024$98,312.132.44%
2025$98,312.130.00% **
2026$98,312.130.00% **

* 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:

Year1984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720299.852299.852299.852

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2026 / CPI in 1989 * 1989 USD value = 2026 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 122.000 in the year 1989 and 299.852 in 2026:

299.852 / 122.000 * $40,000 = $98,312.13

Therefore, according to U.S. Bureau of Labor Statistics, $40,000 in 1989 has the same "purchasing power" as $98,312.13 in 2026 (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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