Minneapolis/St. Paul, Minnesota prices: $230,000 in 1990 $543,039.06 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($230,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $313,039.06 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, $230,000 in Minneapolis/St. Paul in the year 1990 would cost $543,039.06 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
Educational books and supplies · Airline fares · Public transportation · Financial services · More

Buying power of $230,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $230,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$230,000.004.10%
1991$236,157.482.68%
1992$244,488.193.53%
1993$252,094.493.11%
1994$260,062.993.16%
1995$266,220.472.37%
1996$275,094.493.33%
1997$281,433.072.30%
1998$286,685.041.87%
1999$295,740.163.16%
2000$308,055.124.16%
2001$319,645.673.76%
2002$325,259.841.76%
2003$330,874.021.73%
2004$340,291.342.85%
2005$349,708.662.77%
2006$355,322.831.61%
2007$364,463.072.57%
2008$378,427.873.83%
2009$376,491.89-0.51%
2010$383,444.411.85%
2011$397,228.113.59%
2012$406,500.552.33%
2013$414,382.131.94%
2014$420,181.021.40%
2015$417,562.28-0.62%
2016$424,042.131.55%
2017$433,267.482.18%
2018$443,644.652.40%
2019$452,947.872.10%
2020$458,183.541.16%
2021$480,363.154.84%
2022$516,156.227.45%
2023$530,122.832.71%
2024$543,039.062.44%*

* 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 * $230,000 = $543,039.06

Therefore, according to U.S. Bureau of Labor Statistics, $230,000 in 1990 has the same "purchasing power" as $543,039.06 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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