Minneapolis/St. Paul, Minnesota prices: $89,250 in 1995 $182,053 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1995-2024 ($89,250)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 103.98% higher in 2024 versus 1995 (a $92,803 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, $89,250 in Minneapolis/St. Paul in the year 1995 would cost $182,053 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 $89,250.00 since 1995

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $89,250 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$89,250.002.37%
1996$92,225.003.33%
1997$94,350.002.30%
1998$96,110.711.87%
1999$99,146.433.16%
2000$103,275.004.16%
2001$107,160.713.76%
2002$109,042.861.76%
2003$110,925.001.73%
2004$114,082.142.85%
2005$117,239.292.77%
2006$119,121.431.61%
2007$122,185.682.57%
2008$126,867.363.83%
2009$126,218.32-0.51%
2010$128,549.141.85%
2011$133,170.113.59%
2012$136,278.682.33%
2013$138,920.961.94%
2014$140,865.041.40%
2015$139,987.11-0.62%
2016$142,159.461.55%
2017$145,252.252.18%
2018$148,731.182.40%
2019$151,850.072.10%
2020$153,605.321.16%
2021$161,041.004.84%
2022$173,040.577.45%
2023$177,722.862.71%
2024$182,053.002.44%*

* 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 * $89,250 = $182,053

Therefore, according to U.S. Bureau of Labor Statistics, $89,250 in 1995 has the same "purchasing power" as $182,053 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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