Minneapolis/St. Paul, Minnesota prices: $569,990 in 1995 $1,162,671.03 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1995-2024 ($569,990)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 103.98% higher in 2024 versus 1995 (a $592,681.03 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, $569,990 in Minneapolis/St. Paul in the year 1995 would cost $1,162,671.03 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 $569,990.00 since 1995

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $569,990 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$569,990.002.37%
1996$588,989.673.33%
1997$602,560.862.30%
1998$613,805.561.87%
1999$633,192.973.16%
2000$659,559.864.16%
2001$684,375.753.76%
2002$696,395.951.76%
2003$708,416.141.73%
2004$728,579.052.85%
2005$748,741.972.77%
2006$760,762.161.61%
2007$780,331.822.57%
2008$810,231.093.83%
2009$806,086.06-0.51%
2010$820,971.721.85%
2011$850,483.243.59%
2012$870,335.962.33%
2013$887,210.761.94%
2014$899,626.461.40%
2015$894,019.62-0.62%
2016$907,893.261.55%
2017$927,645.152.18%
2018$949,863.132.40%
2019$969,781.762.10%
2020$980,991.561.16%
2021$1,028,479.104.84%
2022$1,105,113.677.45%
2023$1,135,016.822.71%
2024$1,162,671.032.44%*

* 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 * $569,990 = $1,162,671.03

Therefore, according to U.S. Bureau of Labor Statistics, $569,990 in 1995 has the same "purchasing power" as $1,162,671.03 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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