Minneapolis/St. Paul, Minnesota prices: $2,600,000 in 1985 $7,286,123.36 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($2,600,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $4,686,123.36 difference in value).

Between 1985 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.68% per year. This rate of change indicates significant inflation. In other words, $2,600,000 in Minneapolis/St. Paul in the year 1985 would cost $7,286,123.36 in 2024 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 1985-2024 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
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Buying power of $2,600,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $2,600,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$2,600,000.003.78%
1986$2,634,018.691.31%
1987$2,711,775.702.95%
1988$2,847,850.475.02%
1989$2,964,485.984.10%
1990$3,085,981.314.10%
1991$3,168,598.132.68%
1992$3,280,373.833.53%
1993$3,382,429.913.11%
1994$3,489,345.793.16%
1995$3,571,962.622.37%
1996$3,691,028.043.33%
1997$3,776,074.772.30%
1998$3,846,542.061.87%
1999$3,968,037.383.16%
2000$4,133,271.034.16%
2001$4,288,785.053.76%
2002$4,364,112.151.76%
2003$4,439,439.251.73%
2004$4,565,794.392.85%
2005$4,692,149.532.77%
2006$4,767,476.641.61%
2007$4,890,114.022.57%
2008$5,077,484.113.83%
2009$5,051,508.41-0.51%
2010$5,144,792.521.85%
2011$5,329,732.713.59%
2012$5,454,143.932.33%
2013$5,559,893.461.94%
2014$5,637,699.071.40%
2015$5,602,562.62-0.62%
2016$5,689,504.671.55%
2017$5,813,284.112.18%
2018$5,952,517.762.40%
2019$6,077,342.062.10%
2020$6,147,590.651.16%
2021$6,445,181.314.84%
2022$6,925,428.047.45%
2023$7,112,822.432.71%
2024$7,286,123.362.44%*

* 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 1985 * 1985 USD value = 2024 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 299.852 in 2024:

299.852 / 107.000 * $2,600,000 = $7,286,123.36

Therefore, according to U.S. Bureau of Labor Statistics, $2,600,000 in 1985 has the same "purchasing power" as $7,286,123.36 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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