Minneapolis/St. Paul, Minnesota prices: $303,850 in 1990 $717,401.81 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($303,850)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $413,551.81 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, $303,850 in Minneapolis/St. Paul in the year 1990 would cost $717,401.81 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
Juices and nonalcoholic drinks · Fresh fruits · Financial services · Admission to sporting events · More

Buying power of $303,850.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $303,850 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$303,850.004.10%
1991$311,984.572.68%
1992$322,990.163.53%
1993$333,038.743.11%
1994$343,565.833.16%
1995$351,700.392.37%
1996$363,423.743.33%
1997$371,797.562.30%
1998$378,735.871.87%
1999$390,698.463.16%
2000$406,967.604.16%
2001$422,279.723.76%
2002$429,696.541.76%
2003$437,113.351.73%
2004$449,554.452.85%
2005$461,995.552.77%
2006$469,412.361.61%
2007$481,487.412.57%
2008$499,936.133.83%
2009$497,378.52-0.51%
2010$506,563.411.85%
2011$524,772.883.59%
2012$537,022.582.33%
2013$547,434.821.94%
2014$555,095.671.40%
2015$551,636.09-0.62%
2016$560,196.521.55%
2017$572,384.022.18%
2018$586,093.152.40%
2019$598,383.532.10%
2020$605,300.301.16%
2021$634,601.494.84%
2022$681,887.257.45%
2023$700,338.362.71%
2024$717,401.812.44%*

* 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 * $303,850 = $717,401.81

Therefore, according to U.S. Bureau of Labor Statistics, $303,850 in 1990 has the same "purchasing power" as $717,401.81 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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