Minneapolis/St. Paul, Minnesota prices: $42,500 in 1990 $100,344.17 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($42,500)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $57,844.17 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, $42,500 in Minneapolis/St. Paul in the year 1990 would cost $100,344.17 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
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Buying power of $42,500.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $42,500 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$42,500.004.10%
1991$43,637.802.68%
1992$45,177.173.53%
1993$46,582.683.11%
1994$48,055.123.16%
1995$49,192.912.37%
1996$50,832.683.33%
1997$52,003.942.30%
1998$52,974.411.87%
1999$54,647.643.16%
2000$56,923.234.16%
2001$59,064.963.76%
2002$60,102.361.76%
2003$61,139.761.73%
2004$62,879.922.85%
2005$64,620.082.77%
2006$65,657.481.61%
2007$67,346.442.57%
2008$69,926.893.83%
2009$69,569.15-0.51%
2010$70,853.861.85%
2011$73,400.853.59%
2012$75,114.232.33%
2013$76,570.611.94%
2014$77,642.151.40%
2015$77,158.25-0.62%
2016$78,355.611.55%
2017$80,060.302.18%
2018$81,977.812.40%
2019$83,696.892.10%
2020$84,664.351.16%
2021$88,762.764.84%
2022$95,376.697.45%
2023$97,957.482.71%
2024$100,344.172.44%*

* 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 * $42,500 = $100,344.17

Therefore, according to U.S. Bureau of Labor Statistics, $42,500 in 1990 has the same "purchasing power" as $100,344.17 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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