Minneapolis/St. Paul, Minnesota prices: $130,980 in 1995 $267,174.25 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1995-2024 ($130,980)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 103.98% higher in 2024 versus 1995 (a $136,194.25 difference in value).

Between 1995 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.49% per year. This rate of change indicates significant inflation. In other words, $130,980 in Minneapolis/St. Paul in the year 1995 would cost $267,174.25 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.52% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1995: Pricing changed by 2.37%, which is below the average yearly change in Minneapolis/St. Paul during the 1995-2024 time period. Compared to inflation for all items in 1995 (2.81%), 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
Dallas-Fort Worth, Texas · College tuition and fees · Parking fees and tolls · Financial services · More

Buying power of $130,980.00 since 1995

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $130,980 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$130,980.002.37%
1996$135,346.003.33%
1997$138,464.572.30%
1998$141,048.531.87%
1999$145,503.633.16%
2000$151,562.574.16%
2001$157,265.103.76%
2002$160,027.271.76%
2003$162,789.431.73%
2004$167,422.732.85%
2005$172,056.042.77%
2006$174,818.201.61%
2007$179,315.182.57%
2008$186,185.843.83%
2009$185,233.34-0.51%
2010$188,653.971.85%
2011$195,435.533.59%
2012$199,997.552.33%
2013$203,875.271.94%
2014$206,728.321.40%
2015$205,439.90-0.62%
2016$208,627.971.55%
2017$213,166.832.18%
2018$218,272.382.40%
2019$222,849.552.10%
2020$225,425.491.16%
2021$236,337.824.84%
2022$253,947.947.45%
2023$260,819.492.71%
2024$267,174.252.44%*

* 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 1995 * 1995 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 147.000 in the year 1995 and 299.852 in 2024:

299.852 / 147.000 * $130,980 = $267,174.25

Therefore, according to U.S. Bureau of Labor Statistics, $130,980 in 1995 has the same "purchasing power" as $267,174.25 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.

» Read more about inflation and investment.