Minneapolis/St. Paul, Minnesota prices: $195,000 in 1990 $449,451.97 in 2023

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2023 ($195,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 130.49% higher in 2023 versus 1990 (a $254,451.97 difference in value).

Between 1990 and 2023: Minneapolis/St. Paul experienced an average inflation rate of 2.56% per year. This rate of change indicates significant inflation. In other words, $195,000 in Minneapolis/St. Paul in the year 1990 would cost $449,451.97 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.60% 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 1990-2023 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 $195,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $195,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$195,000.004.10%
1991$200,220.472.68%
1992$207,283.463.53%
1993$213,732.283.11%
1994$220,488.193.16%
1995$225,708.662.37%
1996$233,232.283.33%
1997$238,606.302.30%
1998$243,059.061.87%
1999$250,736.223.16%
2000$261,177.174.16%
2001$271,003.943.76%
2002$275,763.781.76%
2003$280,523.621.73%
2004$288,507.872.85%
2005$296,492.132.77%
2006$301,251.971.61%
2007$309,001.302.57%
2008$320,841.023.83%
2009$319,199.65-0.51%
2010$325,094.171.85%
2011$336,780.353.59%
2012$344,641.772.33%
2013$351,323.981.94%
2014$356,240.431.40%
2015$354,020.20-0.62%
2016$359,513.981.55%
2017$367,335.472.18%
2018$376,133.502.40%
2019$384,021.022.10%
2020$388,459.961.16%
2021$407,264.414.84%
2022$437,610.717.45%
2023$449,451.972.71%*

* 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:

Year1984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1990 * 1990 USD value = 2023 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 292.720 in 2023:

292.720 / 127.000 * $195,000 = $449,451.97

Therefore, according to U.S. Bureau of Labor Statistics, $195,000 in 1990 has the same "purchasing power" as $449,451.97 in 2023 (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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