Minneapolis/St. Paul, Minnesota prices: $719,000 in 1990 $1,697,587.31 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1990-2024 ($719,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $978,587.31 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, $719,000 in Minneapolis/St. Paul in the year 1990 would cost $1,697,587.31 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
Denver, Colorado · Airline fares · Boston, Massachusetts · Dental services · More

Buying power of $719,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $719,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$719,000.004.10%
1991$738,248.822.68%
1992$764,291.343.53%
1993$788,069.293.11%
1994$812,979.533.16%
1995$832,228.352.37%
1996$859,969.293.33%
1997$879,784.252.30%
1998$896,202.361.87%
1999$924,509.453.16%
2000$963,007.094.16%
2001$999,240.163.76%
2002$1,016,790.551.76%
2003$1,034,340.941.73%
2004$1,063,780.312.85%
2005$1,093,219.692.77%
2006$1,110,770.081.61%
2007$1,139,343.252.57%
2008$1,182,998.443.83%
2009$1,176,946.39-0.51%
2010$1,198,680.571.85%
2011$1,241,769.613.59%
2012$1,270,756.072.33%
2013$1,295,394.561.94%
2014$1,313,522.421.40%
2015$1,305,336.01-0.62%
2016$1,325,592.561.55%
2017$1,354,431.822.18%
2018$1,386,871.742.40%
2019$1,415,954.442.10%
2020$1,432,321.601.16%
2021$1,501,656.984.84%
2022$1,613,549.237.45%
2023$1,657,210.082.71%
2024$1,697,587.312.44%*

* 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 * $719,000 = $1,697,587.31

Therefore, according to U.S. Bureau of Labor Statistics, $719,000 in 1990 has the same "purchasing power" as $1,697,587.31 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.