Minneapolis/St. Paul, Minnesota prices: $65,000 in 1992 $144,373.19 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1992-2024 ($65,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 122.11% higher in 2024 versus 1992 (a $79,373.19 difference in value).

Between 1992 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.53% per year. This rate of change indicates significant inflation. In other words, $65,000 in Minneapolis/St. Paul in the year 1992 would cost $144,373.19 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.55% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1992: Pricing changed by 3.53%, which is above the average yearly change in Minneapolis/St. Paul during the 1992-2024 time period. Compared to inflation for all items in 1992 (3.03%), inflation in Minneapolis/St. Paul was higher.

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 $65,000.00 since 1992

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $65,000 beginning in 1992. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1992$65,000.003.53%
1993$67,022.223.11%
1994$69,140.743.16%
1995$70,777.782.37%
1996$73,137.043.33%
1997$74,822.222.30%
1998$76,218.521.87%
1999$78,625.933.16%
2000$81,900.004.16%
2001$84,981.483.76%
2002$86,474.071.76%
2003$87,966.671.73%
2004$90,470.372.85%
2005$92,974.072.77%
2006$94,466.671.61%
2007$96,896.702.57%
2008$100,609.413.83%
2009$100,094.70-0.51%
2010$101,943.111.85%
2011$105,607.673.59%
2012$108,072.852.33%
2013$110,168.261.94%
2014$111,709.961.40%
2015$111,013.74-0.62%
2016$112,736.481.55%
2017$115,189.152.18%
2018$117,948.042.40%
2019$120,421.412.10%
2020$121,813.371.16%
2021$127,710.074.84%
2022$137,226.077.45%
2023$140,939.262.71%
2024$144,373.192.44%*

* 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 1992 * 1992 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 135.000 in the year 1992 and 299.852 in 2024:

299.852 / 135.000 * $65,000 = $144,373.19

Therefore, according to U.S. Bureau of Labor Statistics, $65,000 in 1992 has the same "purchasing power" as $144,373.19 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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