Minneapolis/St. Paul, Minnesota prices: $50,580 in 1990 $119,421.37 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1990-2024 ($50,580)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $68,841.37 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, $50,580 in Minneapolis/St. Paul in the year 1990 would cost $119,421.37 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
Tampa, Florida · San Francisco, California · Housing · St Louis, Missouri · More

Buying power of $50,580.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $50,580 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$50,580.004.10%
1991$51,934.112.68%
1992$53,766.143.53%
1993$55,438.873.11%
1994$57,191.243.16%
1995$58,545.352.37%
1996$60,496.873.33%
1997$61,890.802.30%
1998$63,045.781.87%
1999$65,037.123.16%
2000$67,745.344.16%
2001$70,294.253.76%
2002$71,528.881.76%
2003$72,763.511.73%
2004$74,834.502.85%
2005$76,905.502.77%
2006$78,140.131.61%
2007$80,150.182.57%
2008$83,221.233.83%
2009$82,795.48-0.51%
2010$84,324.431.85%
2011$87,355.643.59%
2012$89,394.772.33%
2013$91,128.031.94%
2014$92,403.291.40%
2015$91,827.39-0.62%
2016$93,252.391.55%
2017$95,281.172.18%
2018$97,563.242.40%
2019$99,609.152.10%
2020$100,760.541.16%
2021$105,638.124.84%
2022$113,509.497.45%
2023$116,580.932.71%
2024$119,421.372.44%*

* 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 * $50,580 = $119,421.37

Therefore, according to U.S. Bureau of Labor Statistics, $50,580 in 1990 has the same "purchasing power" as $119,421.37 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.