Minneapolis/St. Paul, Minnesota prices: $579,750 in 1990 $1,368,812.57 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($579,750)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $789,062.57 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, $579,750 in Minneapolis/St. Paul in the year 1990 would cost $1,368,812.57 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
Educational books and supplies · Hospital services · Admission to sporting events · Electricity · More

Buying power of $579,750.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $579,750 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$579,750.004.10%
1991$595,270.872.68%
1992$616,269.693.53%
1993$635,442.523.11%
1994$655,528.353.16%
1995$671,049.212.37%
1996$693,417.523.33%
1997$709,394.882.30%
1998$722,633.271.87%
1999$745,458.073.16%
2000$776,499.804.16%
2001$805,715.553.76%
2002$819,866.931.76%
2003$834,018.311.73%
2004$857,756.102.85%
2005$881,493.902.77%
2006$895,645.281.61%
2007$918,684.632.57%
2008$953,885.043.83%
2009$949,005.10-0.51%
2010$966,529.981.85%
2011$1,001,273.903.59%
2012$1,024,646.502.33%
2013$1,044,513.211.94%
2014$1,059,130.211.40%
2015$1,052,529.28-0.62%
2016$1,068,862.711.55%
2017$1,092,116.622.18%
2018$1,118,273.842.40%
2019$1,141,724.042.10%
2020$1,154,921.341.16%
2021$1,210,828.424.84%
2022$1,301,050.307.45%
2023$1,336,255.282.71%
2024$1,368,812.572.44%*

* 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 * $579,750 = $1,368,812.57

Therefore, according to U.S. Bureau of Labor Statistics, $579,750 in 1990 has the same "purchasing power" as $1,368,812.57 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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