Minneapolis/St. Paul, Minnesota prices: $85,000 in 2009 $122,601.10 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 2009-2024 ($85,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 44.24% higher in 2024 versus 2009 (a $37,601.10 difference in value).

Between 2009 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.47% per year. This rate of change indicates significant inflation. In other words, $85,000 in Minneapolis/St. Paul in the year 2009 would cost $122,601.10 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.57% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 2009: Pricing changed by -0.51%, which is below the average yearly change in Minneapolis/St. Paul during the 2009-2024 time period. Compared to inflation for all items in 2009 (-0.36%), 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
Dental services · Electricity · Minneapolis-St Paul, Minnesota · Chicago, Illinois · More

Buying power of $85,000.00 since 2009

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $85,000 beginning in 2009. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2009$85,000.00-0.51%
2010$86,569.661.85%
2011$89,681.583.59%
2012$91,775.012.33%
2013$93,554.421.94%
2014$94,863.631.40%
2015$94,272.40-0.62%
2016$95,735.341.55%
2017$97,818.142.18%
2018$100,160.982.40%
2019$102,261.352.10%
2020$103,443.401.16%
2021$108,450.864.84%
2022$116,531.807.45%
2023$119,685.022.71%
2024$122,601.102.44%*

* 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 2009 * 2009 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 207.889 in the year 2009 and 299.852 in 2024:

299.852 / 207.889 * $85,000 = $122,601.10

Therefore, according to U.S. Bureau of Labor Statistics, $85,000 in 2009 has the same "purchasing power" as $122,601.10 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.

» Read more about inflation and investment.