Minneapolis/St. Paul, Minnesota prices: $75,979 in 1985 $212,920.14 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($75,979)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $136,941.14 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, $75,979 in Minneapolis/St. Paul in the year 1985 would cost $212,920.14 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
19851990199520002005201020152020-11357
Years with the largest changes in pricing: 2022 (7.45%), 1988 (5.02%), and 2021 (4.84%).

View price changes for other categories
New cars · Detroit, Michigan · College tuition and fees · New trucks · More

Buying power of $75,979.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $75,979 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$75,979.003.78%
1986$76,973.121.31%
1987$79,245.392.95%
1988$83,221.865.02%
1989$86,630.264.10%
1990$90,180.684.10%
1991$92,594.972.68%
1992$95,861.363.53%
1993$98,843.713.11%
1994$101,968.083.16%
1995$104,382.362.37%
1996$107,861.783.33%
1997$110,347.072.30%
1998$112,406.311.87%
1999$115,956.743.16%
2000$120,785.314.16%
2001$125,329.853.76%
2002$127,531.111.76%
2003$129,732.371.73%
2004$133,424.802.85%
2005$137,117.242.77%
2006$139,318.501.61%
2007$142,902.302.57%
2008$148,377.763.83%
2009$147,618.68-0.51%
2010$150,344.691.85%
2011$155,749.143.59%
2012$159,384.772.33%
2013$162,475.061.94%
2014$164,748.751.40%
2015$163,721.96-0.62%
2016$166,262.641.55%
2017$169,879.812.18%
2018$173,948.592.40%
2019$177,596.302.10%
2020$179,649.151.16%
2021$188,345.554.84%
2022$202,379.657.45%
2023$207,855.822.71%
2024$212,920.142.44%*

* 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 * $75,979 = $212,920.14

Therefore, according to U.S. Bureau of Labor Statistics, $75,979 in 1985 has the same "purchasing power" as $212,920.14 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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