Minneapolis/St. Paul, Minnesota prices: $150,000 in 1991 $344,921.78 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1991-2024 ($150,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 129.95% higher in 2024 versus 1991 (a $194,921.78 difference in value).

Between 1991 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, $150,000 in Minneapolis/St. Paul in the year 1991 would cost $344,921.78 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.56% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1991: Pricing changed by 2.68%, which is above the average yearly change in Minneapolis/St. Paul during the 1991-2024 time period. Compared to inflation for all items in 1991 (4.23%), 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 $150,000.00 since 1991

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $150,000 beginning in 1991. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1991$150,000.002.68%
1992$155,291.413.53%
1993$160,122.703.11%
1994$165,184.053.16%
1995$169,095.092.37%
1996$174,731.603.33%
1997$178,757.672.30%
1998$182,093.561.87%
1999$187,845.093.16%
2000$195,667.184.16%
2001$203,029.143.76%
2002$206,595.091.76%
2003$210,161.041.73%
2004$216,142.642.85%
2005$222,124.232.77%
2006$225,690.181.61%
2007$231,495.782.57%
2008$240,365.803.83%
2009$239,136.12-0.51%
2010$243,552.151.85%
2011$252,307.133.59%
2012$258,196.702.33%
2013$263,202.841.94%
2014$266,886.121.40%
2015$265,222.78-0.62%
2016$269,338.571.55%
2017$275,198.242.18%
2018$281,789.492.40%
2019$287,698.622.10%
2020$291,024.161.16%
2021$305,111.964.84%
2022$327,846.637.45%
2023$336,717.792.71%
2024$344,921.782.44%*

* 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 1991 * 1991 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 130.400 in the year 1991 and 299.852 in 2024:

299.852 / 130.400 * $150,000 = $344,921.78

Therefore, according to U.S. Bureau of Labor Statistics, $150,000 in 1991 has the same "purchasing power" as $344,921.78 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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