Minneapolis/St. Paul, Minnesota prices: $420,000 in 1990 $991,636.54 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($420,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $571,636.54 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, $420,000 in Minneapolis/St. Paul in the year 1990 would cost $991,636.54 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%).

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Buying power of $420,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $420,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$420,000.004.10%
1991$431,244.092.68%
1992$446,456.693.53%
1993$460,346.463.11%
1994$474,897.643.16%
1995$486,141.732.37%
1996$502,346.463.33%
1997$513,921.262.30%
1998$523,511.811.87%
1999$540,047.243.16%
2000$562,535.434.16%
2001$583,700.793.76%
2002$593,952.761.76%
2003$604,204.721.73%
2004$621,401.572.85%
2005$638,598.432.77%
2006$648,850.391.61%
2007$665,541.262.57%
2008$691,042.203.83%
2009$687,506.93-0.51%
2010$700,202.831.85%
2011$725,373.073.59%
2012$742,305.352.33%
2013$756,697.801.94%
2014$767,287.091.40%
2015$762,505.04-0.62%
2016$774,337.801.55%
2017$791,184.092.18%
2018$810,133.702.40%
2019$827,122.202.10%
2020$836,682.991.16%
2021$877,184.884.84%
2022$942,546.147.45%
2023$968,050.392.71%
2024$991,636.542.44%*

* 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 * $420,000 = $991,636.54

Therefore, according to U.S. Bureau of Labor Statistics, $420,000 in 1990 has the same "purchasing power" as $991,636.54 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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