Minneapolis/St. Paul, Minnesota prices: $180,000 in 1985 → $504,423.93 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($180,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $324,423.93 difference in value).

Between 1985 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.68% per year. This rate of change indicates significant inflation. In other words, $180,000 in Minneapolis/St. Paul in the year 1985 would cost $504,423.93 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.78% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1985: Pricing changed by 3.78%, which is above the average yearly change in Minneapolis/St. Paul during the 1985-2024 time period. Compared to inflation for all items in 1985 (3.55%), 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%).
View price changes for other categories
New trucks · Hospital services · Electricity · Dental services · More

Buying power of $180,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $180,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$180,000.003.78%
1986$182,355.141.31%
1987$187,738.322.95%
1988$197,158.885.02%
1989$205,233.644.10%
1990$213,644.864.10%
1991$219,364.492.68%
1992$227,102.803.53%
1993$234,168.223.11%
1994$241,570.093.16%
1995$247,289.722.37%
1996$255,532.713.33%
1997$261,420.562.30%
1998$266,299.071.87%
1999$274,710.283.16%
2000$286,149.534.16%
2001$296,915.893.76%
2002$302,130.841.76%
2003$307,345.791.73%
2004$316,093.462.85%
2005$324,841.122.77%
2006$330,056.071.61%
2007$338,546.362.57%
2008$351,518.133.83%
2009$349,719.81-0.51%
2010$356,177.941.85%
2011$368,981.503.59%
2012$377,594.582.33%
2013$384,915.701.94%
2014$390,302.241.40%
2015$387,869.72-0.62%
2016$393,888.791.55%
2017$402,458.132.18%
2018$412,097.382.40%
2019$420,739.072.10%
2020$425,602.431.16%
2021$446,204.864.84%
2022$479,452.717.45%
2023$492,426.172.71%
2024$504,423.932.44%*

* 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 1985 * 1985 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 107.000 in the year 1985 and 299.852 in 2024:

299.852 / 107.000 * $180,000 = $504,423.93

Therefore, according to U.S. Bureau of Labor Statistics, $180,000 in 1985 has the same "purchasing power" as $504,423.93 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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