Minneapolis/St. Paul, Minnesota prices: $45,400 in 1986 → $125,583.77 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1986-2024 ($45,400)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 176.62% higher in 2024 versus 1986 (a $80,183.77 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, $45,400 in Minneapolis/St. Paul in the year 1986 would cost $125,583.77 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
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
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Buying power of $45,400.00 since 1986

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $45,400 beginning in 1986. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1986$45,400.001.31%
1987$46,740.222.95%
1988$49,085.615.02%
1989$51,095.944.10%
1990$53,190.044.10%
1991$54,614.022.68%
1992$56,540.593.53%
1993$58,299.633.11%
1994$60,142.443.16%
1995$61,566.422.37%
1996$63,618.633.33%
1997$65,084.502.30%
1998$66,299.081.87%
1999$68,393.173.16%
2000$71,241.144.16%
2001$73,921.593.76%
2002$75,219.931.76%
2003$76,518.271.73%
2004$78,696.132.85%
2005$80,873.992.77%
2006$82,172.321.61%
2007$84,286.112.57%
2008$87,515.623.83%
2009$87,067.90-0.51%
2010$88,675.751.85%
2011$91,863.383.59%
2012$94,007.742.33%
2013$95,830.441.94%
2014$97,171.501.40%
2015$96,565.88-0.62%
2016$98,064.421.55%
2017$100,197.882.18%
2018$102,597.722.40%
2019$104,749.192.10%
2020$105,960.001.16%
2021$111,089.284.84%
2022$119,366.827.45%
2023$122,596.752.71%
2024$125,583.772.44%*

* 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 * $45,400 = $125,583.77

Therefore, according to U.S. Bureau of Labor Statistics, $45,400 in 1986 has the same "purchasing power" as $125,583.77 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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