Minneapolis/St. Paul, Minnesota prices: $185,924.25 in 1985 $521,025.78 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($185,924.25)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $335,101.53 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, $185,924.25 in Minneapolis/St. Paul in the year 1985 would cost $521,025.78 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
Bread · Chicago, Illinois · Electricity · Financial services · More

Buying power of $185,924.25 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $185,924.25 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$185,924.253.78%
1986$188,356.901.31%
1987$193,917.262.95%
1988$203,647.875.02%
1989$211,988.404.10%
1990$220,676.454.10%
1991$226,584.322.68%
1992$234,577.323.53%
1993$241,875.293.11%
1994$249,520.773.16%
1995$255,428.642.37%
1996$263,942.933.33%
1997$270,024.562.30%
1998$275,063.631.87%
1999$283,751.683.16%
2000$295,567.434.16%
2001$306,688.133.76%
2002$312,074.721.76%
2003$317,461.311.73%
2004$326,496.882.85%
2005$335,532.452.77%
2006$340,919.051.61%
2007$349,688.762.57%
2008$363,087.473.83%
2009$361,229.97-0.51%
2010$367,900.651.85%
2011$381,125.603.59%
2012$390,022.162.33%
2013$397,584.241.94%
2014$403,148.071.40%
2015$400,635.48-0.62%
2016$406,852.651.55%
2017$415,704.032.18%
2018$425,660.542.40%
2019$434,586.642.10%
2020$439,610.071.16%
2021$460,890.584.84%
2022$495,232.707.45%
2023$508,633.142.71%
2024$521,025.782.44%*

* 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 * $185,924.25 = $521,025.78

Therefore, according to U.S. Bureau of Labor Statistics, $185,924.25 in 1985 has the same "purchasing power" as $521,025.78 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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