Minneapolis/St. Paul, Minnesota prices: $50,273 in 1990 $118,696.53 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($50,273)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $68,423.53 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, $50,273 in Minneapolis/St. Paul in the year 1990 would cost $118,696.53 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 $50,273.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $50,273 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$50,273.004.10%
1991$51,618.892.68%
1992$53,439.803.53%
1993$55,102.373.11%
1994$56,844.123.16%
1995$58,190.012.37%
1996$60,129.673.33%
1997$61,515.152.30%
1998$62,663.121.87%
1999$64,642.373.16%
2000$67,334.154.16%
2001$69,867.593.76%
2002$71,094.731.76%
2003$72,321.871.73%
2004$74,380.292.85%
2005$76,438.712.77%
2006$77,665.851.61%
2007$79,663.702.57%
2008$82,716.113.83%
2009$82,292.94-0.51%
2010$83,812.611.85%
2011$86,825.433.59%
2012$88,852.182.33%
2013$90,574.921.94%
2014$91,842.441.40%
2015$91,270.04-0.62%
2016$92,686.391.55%
2017$94,702.852.18%
2018$96,971.082.40%
2019$99,004.562.10%
2020$100,148.961.16%
2021$104,996.944.84%
2022$112,820.537.45%
2023$115,873.332.71%
2024$118,696.532.44%*

* 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 * $50,273 = $118,696.53

Therefore, according to U.S. Bureau of Labor Statistics, $50,273 in 1990 has the same "purchasing power" as $118,696.53 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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