Minneapolis/St. Paul, Minnesota prices: $42,500 in 1985 $119,100.09 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($42,500)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $76,600.09 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, $42,500 in Minneapolis/St. Paul in the year 1985 would cost $119,100.09 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
Rent of primary residence · Bananas · Gasoline (all types) · Hospital services · More

Buying power of $42,500.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $42,500 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$42,500.003.78%
1986$43,056.071.31%
1987$44,327.102.95%
1988$46,551.405.02%
1989$48,457.944.10%
1990$50,443.934.10%
1991$51,794.392.68%
1992$53,621.503.53%
1993$55,289.723.11%
1994$57,037.383.16%
1995$58,387.852.37%
1996$60,334.113.33%
1997$61,724.302.30%
1998$62,876.171.87%
1999$64,862.153.16%
2000$67,563.084.16%
2001$70,105.143.76%
2002$71,336.451.76%
2003$72,567.761.73%
2004$74,633.182.85%
2005$76,698.602.77%
2006$77,929.911.61%
2007$79,934.562.57%
2008$82,997.343.83%
2009$82,572.73-0.51%
2010$84,097.571.85%
2011$87,120.633.59%
2012$89,154.282.33%
2013$90,882.871.94%
2014$92,154.701.40%
2015$91,580.35-0.62%
2016$93,001.521.55%
2017$95,024.842.18%
2018$97,300.772.40%
2019$99,341.172.10%
2020$100,489.461.16%
2021$105,353.934.84%
2022$113,204.117.45%
2023$116,267.292.71%
2024$119,100.092.44%*

* 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 * $42,500 = $119,100.09

Therefore, according to U.S. Bureau of Labor Statistics, $42,500 in 1985 has the same "purchasing power" as $119,100.09 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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