Minneapolis/St. Paul, Minnesota prices: $156,250 in 1995 $318,720.24 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1995-2024 ($156,250)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 103.98% higher in 2024 versus 1995 (a $162,470.24 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, $156,250 in Minneapolis/St. Paul in the year 1995 would cost $318,720.24 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
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Buying power of $156,250.00 since 1995

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $156,250 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$156,250.002.37%
1996$161,458.333.33%
1997$165,178.572.30%
1998$168,261.051.87%
1999$173,575.683.16%
2000$180,803.574.16%
2001$187,606.293.76%
2002$190,901.361.76%
2003$194,196.431.73%
2004$199,723.642.85%
2005$205,250.852.77%
2006$208,545.921.61%
2007$213,910.502.57%
2008$222,106.723.83%
2009$220,970.45-0.51%
2010$225,051.021.85%
2011$233,140.943.59%
2012$238,583.122.33%
2013$243,208.971.94%
2014$246,612.461.40%
2015$245,075.47-0.62%
2016$248,878.611.55%
2017$254,293.152.18%
2018$260,383.722.40%
2019$265,843.962.10%
2020$268,916.881.16%
2021$281,934.524.84%
2022$302,942.187.45%
2023$311,139.462.71%
2024$318,720.242.44%*

* 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 * $156,250 = $318,720.24

Therefore, according to U.S. Bureau of Labor Statistics, $156,250 in 1995 has the same "purchasing power" as $318,720.24 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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