Minneapolis/St. Paul, Minnesota prices: $2,730,000 in 1990 → $6,445,637.48 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($2,730,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $3,715,637.48 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, $2,730,000 in Minneapolis/St. Paul in the year 1990 would cost $6,445,637.48 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
Alcoholic beverages · Milk · Minneapolis-St Paul, Minnesota · College tuition and fees · More

Buying power of $2,730,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $2,730,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$2,730,000.004.10%
1991$2,803,086.612.68%
1992$2,901,968.503.53%
1993$2,992,251.973.11%
1994$3,086,834.653.16%
1995$3,159,921.262.37%
1996$3,265,251.973.33%
1997$3,340,488.192.30%
1998$3,402,826.771.87%
1999$3,510,307.093.16%
2000$3,656,480.314.16%
2001$3,794,055.123.76%
2002$3,860,692.911.76%
2003$3,927,330.711.73%
2004$4,039,110.242.85%
2005$4,150,889.762.77%
2006$4,217,527.561.61%
2007$4,326,018.192.57%
2008$4,491,774.333.83%
2009$4,468,795.04-0.51%
2010$4,551,318.431.85%
2011$4,714,924.963.59%
2012$4,824,984.802.33%
2013$4,918,535.671.94%
2014$4,987,366.061.40%
2015$4,956,282.76-0.62%
2016$5,033,195.671.55%
2017$5,142,696.612.18%
2018$5,265,869.062.40%
2019$5,376,294.332.10%
2020$5,438,439.451.16%
2021$5,701,701.734.84%
2022$6,126,549.927.45%
2023$6,292,327.562.71%
2024$6,445,637.482.44%*

* 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 * $2,730,000 = $6,445,637.48

Therefore, according to U.S. Bureau of Labor Statistics, $2,730,000 in 1990 has the same "purchasing power" as $6,445,637.48 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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