Minneapolis/St. Paul, Minnesota prices: $965,000 in 1990 $2,278,402.99 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($965,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $1,313,402.99 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, $965,000 in Minneapolis/St. Paul in the year 1990 would cost $2,278,402.99 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 $965,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $965,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$965,000.004.10%
1991$990,834.652.68%
1992$1,025,787.403.53%
1993$1,057,700.793.11%
1994$1,091,133.863.16%
1995$1,116,968.502.37%
1996$1,154,200.793.33%
1997$1,180,795.282.30%
1998$1,202,830.711.87%
1999$1,240,822.833.16%
2000$1,292,492.134.16%
2001$1,341,122.053.76%
2002$1,364,677.171.76%
2003$1,388,232.281.73%
2004$1,427,744.092.85%
2005$1,467,255.912.77%
2006$1,490,811.021.61%
2007$1,529,160.282.57%
2008$1,587,751.733.83%
2009$1,579,629.02-0.51%
2010$1,608,799.371.85%
2011$1,666,630.983.59%
2012$1,705,534.922.33%
2013$1,738,603.271.94%
2014$1,762,933.431.40%
2015$1,751,946.10-0.62%
2016$1,779,133.271.55%
2017$1,817,839.652.18%
2018$1,861,378.622.40%
2019$1,900,411.732.10%
2020$1,922,378.781.16%
2021$2,015,436.694.84%
2022$2,165,611.977.45%
2023$2,224,211.022.71%
2024$2,278,402.992.44%*

* 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 * $965,000 = $2,278,402.99

Therefore, according to U.S. Bureau of Labor Statistics, $965,000 in 1990 has the same "purchasing power" as $2,278,402.99 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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