Minneapolis/St. Paul, Minnesota prices:$2,024,000 in 1985$5,803,507.89 in 2025

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2025 ($2,024,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 186.73% higher in 2025 versus 1985 (a $3,779,507.89 difference in value).

Between 1985 and 2025:Minneapolis/St. Paul experienced an average inflation rate of 2.67% per year. This rate of change indicates significant inflation. In other words, $2,024,000 in Minneapolis/St. Paul in the year 1985 would cost $5,803,507.89 in 2025 for an equivalent purchase. Compared to the overall inflation rate of 2.78% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1985: Pricing changed by 3.78%, which is above the average yearly change in Minneapolis/St. Paul during the 1985-2025 time period. Compared to inflation for all items in 1985 (3.55%), 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
Years with the largest changes in pricing: 2022 (7.45%), 1988 (5.02%), and 2021 (4.84%).

View price changes for other categories
Bananas · Dental services · Juices and nonalcoholic drinks · Rent of primary residence · More

Buying power of $2,024,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $2,024,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$2,024,000.003.78%
1986$2,050,482.241.31%
1987$2,111,013.082.95%
1988$2,216,942.065.02%
1989$2,307,738.324.10%
1990$2,402,317.764.10%
1991$2,466,631.782.68%
1992$2,553,644.863.53%
1993$2,633,091.593.11%
1994$2,716,321.503.16%
1995$2,780,635.512.37%
1996$2,873,323.363.33%
1997$2,939,528.972.30%
1998$2,994,385.051.87%
1999$3,088,964.493.16%
2000$3,217,592.524.16%
2001$3,338,654.213.76%
2002$3,397,293.461.76%
2003$3,455,932.711.73%
2004$3,554,295.332.85%
2005$3,652,657.942.77%
2006$3,711,297.201.61%
2007$3,806,765.682.57%
2008$3,952,626.093.83%
2009$3,932,405.01-0.51%
2010$4,005,023.101.85%
2011$4,148,991.933.59%
2012$4,245,841.272.33%
2013$4,328,163.211.94%
2014$4,388,731.891.40%
2015$4,361,379.51-0.62%
2016$4,429,060.561.55%
2017$4,525,418.092.18%
2018$4,633,806.132.40%
2019$4,730,977.052.10%
2020$4,785,662.881.16%
2021$5,017,325.764.84%
2022$5,391,179.367.45%
2023$5,537,058.692.71%
2024$5,671,966.802.44%
2025$5,803,507.892.32%*

* 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:

Year198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720299.852306.806

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2025 / CPI in 1985* 1985 USD value = 2025 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 107.000 in the year 1985 and 306.806 in 2025:

306.806 / 107.000* $2,024,000 = $5,803,507.89

Therefore, according to U.S. Bureau of Labor Statistics, $2,024,000 in 1985 has the same "purchasing power" as $5,803,507.89 in 2025 (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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