Minneapolis/St. Paul, Minnesota prices: $800,000 in 1990 $1,888,831.50 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($800,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $1,088,831.50 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, $800,000 in Minneapolis/St. Paul in the year 1990 would cost $1,888,831.50 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 $800,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $800,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$800,000.004.10%
1991$821,417.322.68%
1992$850,393.703.53%
1993$876,850.393.11%
1994$904,566.933.16%
1995$925,984.252.37%
1996$956,850.393.33%
1997$978,897.642.30%
1998$997,165.351.87%
1999$1,028,661.423.16%
2000$1,071,496.064.16%
2001$1,111,811.023.76%
2002$1,131,338.581.76%
2003$1,150,866.141.73%
2004$1,183,622.052.85%
2005$1,216,377.952.77%
2006$1,235,905.511.61%
2007$1,267,697.642.57%
2008$1,316,270.873.83%
2009$1,309,537.01-0.51%
2010$1,333,719.691.85%
2011$1,381,662.993.59%
2012$1,413,914.962.33%
2013$1,441,329.131.94%
2014$1,461,499.211.40%
2015$1,452,390.55-0.62%
2016$1,474,929.131.55%
2017$1,507,017.322.18%
2018$1,543,111.812.40%
2019$1,575,470.872.10%
2020$1,593,681.891.16%
2021$1,670,828.354.84%
2022$1,795,325.987.45%
2023$1,843,905.512.71%
2024$1,888,831.502.44%*

* 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 * $800,000 = $1,888,831.50

Therefore, according to U.S. Bureau of Labor Statistics, $800,000 in 1990 has the same "purchasing power" as $1,888,831.50 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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