Minneapolis/St. Paul, Minnesota prices: $170,000 in 1990 $401,376.69 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1990-2024 ($170,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $231,376.69 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, $170,000 in Minneapolis/St. Paul in the year 1990 would cost $401,376.69 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
Fresh fruits · Minneapolis-St Paul, Minnesota · Houston, Texas · Chicago, Illinois · More

Buying power of $170,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $170,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$170,000.004.10%
1991$174,551.182.68%
1992$180,708.663.53%
1993$186,330.713.11%
1994$192,220.473.16%
1995$196,771.652.37%
1996$203,330.713.33%
1997$208,015.752.30%
1998$211,897.641.87%
1999$218,590.553.16%
2000$227,692.914.16%
2001$236,259.843.76%
2002$240,409.451.76%
2003$244,559.061.73%
2004$251,519.692.85%
2005$258,480.312.77%
2006$262,629.921.61%
2007$269,385.752.57%
2008$279,707.563.83%
2009$278,276.61-0.51%
2010$283,415.431.85%
2011$293,603.393.59%
2012$300,456.932.33%
2013$306,282.441.94%
2014$310,568.581.40%
2015$308,632.99-0.62%
2016$313,422.441.55%
2017$320,241.182.18%
2018$327,911.262.40%
2019$334,787.562.10%
2020$338,657.401.16%
2021$355,051.024.84%
2022$381,506.777.45%
2023$391,829.922.71%
2024$401,376.692.44%*

* 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 * $170,000 = $401,376.69

Therefore, according to U.S. Bureau of Labor Statistics, $170,000 in 1990 has the same "purchasing power" as $401,376.69 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.

» Read more about inflation and investment.