Minneapolis/St. Paul, Minnesota prices: $154,000 in 1992 → $342,053.39 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1992-2024 ($154,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 122.11% higher in 2024 versus 1992 (a $188,053.39 difference in value).

Between 1992 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.53% per year. This rate of change indicates significant inflation. In other words, $154,000 in Minneapolis/St. Paul in the year 1992 would cost $342,053.39 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.55% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1992: Pricing changed by 3.53%, which is above the average yearly change in Minneapolis/St. Paul during the 1992-2024 time period. Compared to inflation for all items in 1992 (3.03%), 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
Jewelry · Frankfurters · Minneapolis-St Paul, Minnesota · Dental services · More

Buying power of $154,000.00 since 1992

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $154,000 beginning in 1992. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1992$154,000.003.53%
1993$158,791.113.11%
1994$163,810.373.16%
1995$167,688.892.37%
1996$173,278.523.33%
1997$177,271.112.30%
1998$180,579.261.87%
1999$186,282.963.16%
2000$194,040.004.16%
2001$201,340.743.76%
2002$204,877.041.76%
2003$208,413.331.73%
2004$214,345.192.85%
2005$220,277.042.77%
2006$223,813.331.61%
2007$229,570.652.57%
2008$238,366.903.83%
2009$237,147.45-0.51%
2010$241,526.761.85%
2011$250,208.933.59%
2012$256,049.532.33%
2013$261,014.031.94%
2014$264,666.681.40%
2015$263,017.17-0.62%
2016$267,098.741.55%
2017$272,909.672.18%
2018$279,446.122.40%
2019$285,306.102.10%
2020$288,603.991.16%
2021$302,574.644.84%
2022$325,120.247.45%
2023$333,917.632.71%
2024$342,053.392.44%*

* 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 1992 * 1992 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 135.000 in the year 1992 and 299.852 in 2024:

299.852 / 135.000 * $154,000 = $342,053.39

Therefore, according to U.S. Bureau of Labor Statistics, $154,000 in 1992 has the same "purchasing power" as $342,053.39 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.

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