Minneapolis/St. Paul, Minnesota prices: $166,313.10 in 1995 $339,247.05 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1995-2024 ($166,313.10)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 103.98% higher in 2024 versus 1995 (a $172,933.95 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, $166,313.10 in Minneapolis/St. Paul in the year 1995 would cost $339,247.05 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 $166,313.10 since 1995

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $166,313.10 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$166,313.102.37%
1996$171,856.873.33%
1997$175,816.712.30%
1998$179,097.711.87%
1999$184,754.623.16%
2000$192,448.024.16%
2001$199,688.863.76%
2002$203,196.141.76%
2003$206,703.421.73%
2004$212,586.612.85%
2005$218,469.792.77%
2006$221,977.081.61%
2007$227,687.162.57%
2008$236,411.243.83%
2009$235,201.80-0.51%
2010$239,545.171.85%
2011$248,156.123.59%
2012$253,948.792.33%
2013$258,872.561.94%
2014$262,495.251.40%
2015$260,859.27-0.62%
2016$264,907.351.55%
2017$270,670.612.18%
2018$277,153.432.40%
2019$282,965.332.10%
2020$286,236.161.16%
2021$300,092.194.84%
2022$322,452.827.45%
2023$331,178.032.71%
2024$339,247.052.44%*

* 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 * $166,313.10 = $339,247.05

Therefore, according to U.S. Bureau of Labor Statistics, $166,313.10 in 1995 has the same "purchasing power" as $339,247.05 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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