Minneapolis/St. Paul, Minnesota prices: $84,000 in 1991 $193,156.20 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1991-2024 ($84,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 129.95% higher in 2024 versus 1991 (a $109,156.20 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, $84,000 in Minneapolis/St. Paul in the year 1991 would cost $193,156.20 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 $84,000.00 since 1991

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $84,000 beginning in 1991. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1991$84,000.002.68%
1992$86,963.193.53%
1993$89,668.713.11%
1994$92,503.073.16%
1995$94,693.252.37%
1996$97,849.693.33%
1997$100,104.292.30%
1998$101,972.391.87%
1999$105,193.253.16%
2000$109,573.624.16%
2001$113,696.323.76%
2002$115,693.251.76%
2003$117,690.181.73%
2004$121,039.882.85%
2005$124,389.572.77%
2006$126,386.501.61%
2007$129,637.642.57%
2008$134,604.853.83%
2009$133,916.23-0.51%
2010$136,389.201.85%
2011$141,291.993.59%
2012$144,590.152.33%
2013$147,393.591.94%
2014$149,456.231.40%
2015$148,524.75-0.62%
2016$150,829.601.55%
2017$154,111.012.18%
2018$157,802.122.40%
2019$161,111.232.10%
2020$162,973.531.16%
2021$170,862.704.84%
2022$183,594.117.45%
2023$188,561.962.71%
2024$193,156.202.44%*

* 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 * $84,000 = $193,156.20

Therefore, according to U.S. Bureau of Labor Statistics, $84,000 in 1991 has the same "purchasing power" as $193,156.20 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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