Minneapolis/St. Paul, Minnesota prices: $20,000 in 2015 $24,722.36 in 2022

Inflation in Minnesota


Prices in Minneapolis/st. Paul, 2015-2022 ($20,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 23.61% higher in 2022 versus 2015 (a $4,722.36 difference in value).

Between 2015 and 2022: Minneapolis/St. Paul experienced an average inflation rate of 3.07% per year. This rate of change indicates significant inflation. In other words, $20,000 in Minneapolis/St. Paul in the year 2015 would cost $24,722.36 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.06% during this same period, inflation in Minneapolis/St. Paul was higher.

In the year 2015: Pricing changed by -0.62%, which is significantly below the average yearly change in Minneapolis/St. Paul during the 2015-2022 time period. Compared to inflation for all items in 2015 (0.12%), 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 $20,000.00 since 2015

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $20,000 beginning in 2015. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate

* 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:


Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2015 * 2015 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 230.567 in the year 2015 and 285.008 in 2022:

285.008 / 230.567 * $20,000 = $24,722.36

Therefore, according to U.S. Bureau of Labor Statistics, $20,000 in 2015 has the same "purchasing power" as $24,722.36 in 2022 (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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