Minneapolis/St. Paul, Minnesota prices: $320,000 in 1990 $755,532.60 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1990-2024 ($320,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $435,532.60 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, $320,000 in Minneapolis/St. Paul in the year 1990 would cost $755,532.60 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 · Dallas-Fort Worth, Texas · Food · Bananas · More

Buying power of $320,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $320,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$320,000.004.10%
1991$328,566.932.68%
1992$340,157.483.53%
1993$350,740.163.11%
1994$361,826.773.16%
1995$370,393.702.37%
1996$382,740.163.33%
1997$391,559.062.30%
1998$398,866.141.87%
1999$411,464.573.16%
2000$428,598.434.16%
2001$444,724.413.76%
2002$452,535.431.76%
2003$460,346.461.73%
2004$473,448.822.85%
2005$486,551.182.77%
2006$494,362.201.61%
2007$507,079.062.57%
2008$526,508.353.83%
2009$523,814.80-0.51%
2010$533,487.871.85%
2011$552,665.203.59%
2012$565,565.982.33%
2013$576,531.651.94%
2014$584,599.691.40%
2015$580,956.22-0.62%
2016$589,971.651.55%
2017$602,806.932.18%
2018$617,244.722.40%
2019$630,188.352.10%
2020$637,472.761.16%
2021$668,331.344.84%
2022$718,130.397.45%
2023$737,562.202.71%
2024$755,532.602.44%*

* 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 * $320,000 = $755,532.60

Therefore, according to U.S. Bureau of Labor Statistics, $320,000 in 1990 has the same "purchasing power" as $755,532.60 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.