Minneapolis/St. Paul, Minnesota prices: $185,924.25 in 1986 $514,296.66 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1986-2024 ($185,924.25)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 176.62% higher in 2024 versus 1986 (a $328,372.41 difference in value).

Between 1986 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.71% per year. This rate of change indicates significant inflation. In other words, $185,924.25 in Minneapolis/St. Paul in the year 1986 would cost $514,296.66 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.81% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1986: Pricing changed by 1.31%, which is below the average yearly change in Minneapolis/St. Paul during the 1986-2024 time period. Compared to inflation for all items in 1986 (1.90%), 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%).

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Buying power of $185,924.25 since 1986

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $185,924.25 beginning in 1986. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1986$185,924.251.31%
1987$191,412.792.95%
1988$201,017.735.02%
1989$209,250.544.10%
1990$217,826.384.10%
1991$223,657.952.68%
1992$231,547.733.53%
1993$238,751.443.11%
1994$246,298.183.16%
1995$252,129.752.37%
1996$260,534.073.33%
1997$266,537.162.30%
1998$271,511.151.87%
1999$280,086.993.16%
2000$291,750.144.16%
2001$302,727.223.76%
2002$308,044.241.76%
2003$313,361.261.73%
2004$322,280.132.85%
2005$331,199.012.77%
2006$336,516.031.61%
2007$345,172.492.57%
2008$358,398.153.83%
2009$356,564.63-0.51%
2010$363,149.171.85%
2011$376,203.313.59%
2012$384,984.972.33%
2013$392,449.391.94%
2014$397,941.361.40%
2015$395,461.22-0.62%
2016$401,598.101.55%
2017$410,335.162.18%
2018$420,163.082.40%
2019$428,973.902.10%
2020$433,932.451.16%
2021$454,938.124.84%
2022$488,836.707.45%
2023$502,064.082.71%
2024$514,296.662.44%*

* 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 1986 * 1986 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 108.400 in the year 1986 and 299.852 in 2024:

299.852 / 108.400 * $185,924.25 = $514,296.66

Therefore, according to U.S. Bureau of Labor Statistics, $185,924.25 in 1986 has the same "purchasing power" as $514,296.66 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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