Minneapolis/St. Paul, Minnesota prices: $15,000 in 2000 $25,813.05 in 2023

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 2000-2023 ($15,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 72.09% higher in 2023 versus 2000 (a $10,813.05 difference in value).

Between 2000 and 2023: Minneapolis/St. Paul experienced an average inflation rate of 2.39% per year. This rate of change indicates significant inflation. In other words, $15,000 in Minneapolis/St. Paul in the year 2000 would cost $25,813.05 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.51% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 2000: Pricing changed by 4.16%, which is above the average yearly change in Minneapolis/St. Paul during the 2000-2023 time period. Compared to inflation for all items in 2000 (3.38%), inflation in Minneapolis/St. Paul was higher.

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%).

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Buying power of $15,000.00 since 2000

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $15,000 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2000$15,000.004.16%
2001$15,564.373.76%
2002$15,837.741.76%
2003$16,111.111.73%
2004$16,569.662.85%
2005$17,028.222.77%
2006$17,301.591.61%
2007$17,746.652.57%
2008$18,426.633.83%
2009$18,332.36-0.51%
2010$18,670.901.85%
2011$19,342.063.59%
2012$19,793.562.33%
2013$20,177.341.94%
2014$20,459.701.40%
2015$20,332.19-0.62%
2016$20,647.711.55%
2017$21,096.912.18%
2018$21,602.202.40%
2019$22,055.202.10%
2020$22,310.141.16%
2021$23,390.124.84%
2022$25,132.987.45%
2023$25,813.052.71%*

* 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:

Year1984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2000 * 2000 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 170.100 in the year 2000 and 292.720 in 2023:

292.720 / 170.100 * $15,000 = $25,813.05

Therefore, according to U.S. Bureau of Labor Statistics, $15,000 in 2000 has the same "purchasing power" as $25,813.05 in 2023 (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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