Instant Pot Potato Soup in a white bowl with spoon.

Instant Pot Potato Soup

Creamy and flavorful potato soup with cheddar cheese and bacon! Pure comfort food you can make in no time right in your pressure cooker.

Course Main Course
Cuisine American
Keyword Instant Pot potato soup
Prep Time 10 minutes
Cook Time 12 minutes
coming to pressure 8 minutes
Total Time 30 minutes
Servings 4 servings
Calories 538 kcal
Author Anna


  • 1 tablespoon olive oil
  • 2 lbs russet potatoes peeled and chopped
  • ½ sweet onion chopped
  • 2 medium carrots or 8 baby carrots chopped
  • ½ teaspoon dried thyme or oregano
  • 2 cups vegetable stock
  • 1 ½ cups water
  • ½ teaspoon salt
  • ¼ teaspoon black pepper
  • 12 ounce can evaporated milk see note
  • 2 teaspoons cornstarch
  • ¾ cup shredded cheddar cheese
  • 4 slices of bacon cooked to crispy
US Customary - Metric


  1. Make sure the Instant Pot stainless steel insert is inside your cooker.
  2. Press "saute" setting and wait 2 minutes. Add olive oil and heat up.
  3. Add onion and saute for 2 minutes. Add carrots and dried thyme and stir well. Saute for 1 minute.
  4. Press "cancel/off" button. Add potatoes and stir well.
  5. Add water and vegetable stock. Stir well.
  6. Add salt and pepper.
  7. Close the lid, set valve to sealing position (the newer IP models do it on their own). Press "manual" or "pressure cook" button and set the timer to 7 minutes. The IP will beep shortly and it will start to come to pressure. This can take 8 to 10 minutes.
  8. Once the timer is done, press the "cancel/off" button. Wait for 2 minutes, then flip the valve to venting position to release the pressure.
  9. Carefully open the lid away from your face. Whisk evaporated milk with cornstarch in a glass measuring cup and add to the soup. Stir in. Let the soup sit for 5 minutes, it will thicken.
  10. Add cheddar cheese and stir in to melt.
  11. Serve soup with more cheddar, crispy bacon and chopped fresh parsley or green onions.

Recipe Notes

Nutrition Facts
Instant Pot Potato Soup
Amount Per Serving
Calories 538 Calories from Fat 234
% Daily Value*
Fat 26g40%
Saturated Fat 12g75%
Cholesterol 61mg20%
Sodium 1169mg51%
Potassium 1415mg40%
Carbohydrates 59g20%
Fiber 4g17%
Sugar 15g17%
Protein 19g38%
Vitamin A 5760IU115%
Vitamin C 18.3mg22%
Calcium 425mg43%
Iron 2.7mg15%
* Percent Daily Values are based on a 2000 calorie diet.