Minneapolis/St. Paul, Minnesota prices: $22,500 in 1990 → $53,123.39 in 2024

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1990-2024 ($22,500)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $30,623.39 difference in value).

Between 1990 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.56% per year. This rate of change indicates significant inflation. In other words, $22,500 in Minneapolis/St. Paul in the year 1990 would cost $53,123.39 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.61% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1990: Pricing changed by 4.10%, which is above the average yearly change in Minneapolis/St. Paul during the 1990-2024 time period. Compared to inflation for all items in 1990 (5.40%), 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
Jewelry · Bananas · St Louis, Missouri · Financial services · More

Buying power of $22,500.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $22,500 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$22,500.004.10%
1991$23,102.362.68%
1992$23,917.323.53%
1993$24,661.423.11%
1994$25,440.943.16%
1995$26,043.312.37%
1996$26,911.423.33%
1997$27,531.502.30%
1998$28,045.281.87%
1999$28,931.103.16%
2000$30,135.834.16%
2001$31,269.693.76%
2002$31,818.901.76%
2003$32,368.111.73%
2004$33,289.372.85%
2005$34,210.632.77%
2006$34,759.841.61%
2007$35,654.002.57%
2008$37,020.123.83%
2009$36,830.73-0.51%
2010$37,510.871.85%
2011$38,859.273.59%
2012$39,766.362.33%
2013$40,537.381.94%
2014$41,104.671.40%
2015$40,848.48-0.62%
2016$41,482.381.55%
2017$42,384.862.18%
2018$43,400.022.40%
2019$44,310.122.10%
2020$44,822.301.16%
2021$46,992.054.84%
2022$50,493.547.45%
2023$51,859.842.71%
2024$53,123.392.44%*

* 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 1990 * 1990 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 127.000 in the year 1990 and 299.852 in 2024:

299.852 / 127.000 * $22,500 = $53,123.39

Therefore, according to U.S. Bureau of Labor Statistics, $22,500 in 1990 has the same "purchasing power" as $53,123.39 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.

» Read more about inflation and investment.