Minneapolis/St. Paul, Minnesota prices: $1,496,874 in 1990 $3,534,178.45 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($1,496,874)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $2,037,304.45 difference in value).

Between 1990 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.56% per year. This rate of change indicates significant inflation. In other words, $1,496,874 in Minneapolis/St. Paul in the year 1990 would cost $3,534,178.45 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.61% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1990: Pricing changed by 4.10%, which is above the average yearly change in Minneapolis/St. Paul during the 1990-2024 time period. Compared to inflation for all items in 1990 (5.40%), 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 $1,496,874.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,496,874 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$1,496,874.004.10%
1991$1,536,947.792.68%
1992$1,591,165.283.53%
1993$1,640,668.203.11%
1994$1,692,528.403.16%
1995$1,732,602.192.37%
1996$1,790,355.603.33%
1997$1,831,608.032.30%
1998$1,865,788.621.87%
1999$1,924,720.663.16%
2000$2,004,868.254.16%
2001$2,080,301.273.76%
2002$2,116,839.141.76%
2003$2,153,377.011.73%
2004$2,214,666.342.85%
2005$2,275,955.662.77%
2006$2,312,493.531.61%
2007$2,371,979.542.57%
2008$2,462,864.553.83%
2009$2,450,264.87-0.51%
2010$2,495,512.901.85%
2011$2,585,219.263.59%
2012$2,645,565.682.33%
2013$2,696,860.131.94%
2014$2,734,600.221.40%
2015$2,717,557.07-0.62%
2016$2,759,728.841.55%
2017$2,819,768.812.18%
2018$2,887,304.942.40%
2019$2,947,851.722.10%
2020$2,981,926.231.16%
2021$3,126,274.394.84%
2022$3,359,220.987.45%
2023$3,450,117.772.71%
2024$3,534,178.452.44%*

* 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 1990 * 1990 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 127.000 in the year 1990 and 299.852 in 2024:

299.852 / 127.000 * $1,496,874 = $3,534,178.45

Therefore, according to U.S. Bureau of Labor Statistics, $1,496,874 in 1990 has the same "purchasing power" as $3,534,178.45 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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