Minneapolis/St. Paul, Minnesota prices:$48,000 in 1993$103,397.24 in 2026

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1993-2026 ($48,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 115.41% higher in 2026 versus 1993 (a $55,397.24 difference in value).

Between 1993 and 2026:Minneapolis/St. Paul experienced an average inflation rate of 2.35% per year. This rate of change indicates significant inflation. In other words, $48,000 in Minneapolis/St. Paul in the year 1993 would cost $103,397.24 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 2.48% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1993: Pricing changed by 3.11%, which is above the average yearly change in Minneapolis/St. Paul during the 1993-2026 time period. Compared to inflation for all items in 1993 (2.95%), 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
New trucks · Televisions · Legal services · Indoor plants and flowers · More

Buying power of $48,000.00 since 1993

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $48,000 beginning in 1993. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1993$48,000.003.11%
1994$49,517.243.16%
1995$50,689.662.37%
1996$52,379.313.33%
1997$53,586.212.30%
1998$54,586.211.87%
1999$56,310.343.16%
2000$58,655.174.16%
2001$60,862.073.76%
2002$61,931.031.76%
2003$63,000.001.73%
2004$64,793.102.85%
2005$66,586.212.77%
2006$67,655.171.61%
2007$69,395.522.57%
2008$72,054.483.83%
2009$71,685.86-0.51%
2010$73,009.661.85%
2011$75,634.143.59%
2012$77,399.662.33%
2013$78,900.341.94%
2014$80,004.481.40%
2015$79,505.86-0.62%
2016$80,739.661.55%
2017$82,496.212.18%
2018$84,472.072.40%
2019$86,243.452.10%
2020$87,240.341.16%
2021$91,463.454.84%
2022$98,278.627.45%
2023$100,937.932.71%
2024$103,397.242.44%
2025$103,397.240.00% **
2026$103,397.240.00% **

* 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:

Year1984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720299.852299.852299.852

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2026 / CPI in 1993* 1993 USD value = 2026 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 139.200 in the year 1993 and 299.852 in 2026:

299.852 / 139.200* $48,000 = $103,397.24

Therefore, according to U.S. Bureau of Labor Statistics, $48,000 in 1993 has the same "purchasing power" as $103,397.24 in 2026 (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.

» Read more about inflation and investment.