Minneapolis/St. Paul, Minnesota prices: $294,000 in 1985 $823,892.41 in 2026

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2026 ($294,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2026 versus 1985 (a $529,892.41 difference in value).

Between 1985 and 2026: Minneapolis/St. Paul experienced an average inflation rate of 2.55% per year. This rate of change indicates significant inflation. In other words, $294,000 in Minneapolis/St. Paul in the year 1985 would cost $823,892.41 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 2.73% 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 1985-2026 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
Indoor plants and flowers · Public transportation · Educational books and supplies · Admission to sporting events · More

Buying power of $294,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $294,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$294,000.003.78%
1986$297,846.731.31%
1987$306,639.252.95%
1988$322,026.175.02%
1989$335,214.954.10%
1990$348,953.274.10%
1991$358,295.332.68%
1992$370,934.583.53%
1993$382,474.773.11%
1994$394,564.493.16%
1995$403,906.542.37%
1996$417,370.093.33%
1997$426,986.922.30%
1998$434,955.141.87%
1999$448,693.463.16%
2000$467,377.574.16%
2001$484,962.623.76%
2002$493,480.371.76%
2003$501,998.131.73%
2004$516,285.982.85%
2005$530,573.832.77%
2006$539,091.591.61%
2007$552,959.052.57%
2008$574,146.283.83%
2009$571,209.03-0.51%
2010$581,757.311.85%
2011$602,669.783.59%
2012$616,737.812.33%
2013$628,695.641.94%
2014$637,493.661.40%
2015$633,520.54-0.62%
2016$643,351.681.55%
2017$657,348.282.18%
2018$673,092.392.40%
2019$687,207.142.10%
2020$695,150.641.16%
2021$728,801.274.84%
2022$783,106.097.45%
2023$804,296.072.71%
2024$823,892.412.44%
2025$823,892.410.00% **
2026$823,892.410.00% **

* 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:

Year1984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720299.852299.852299.852

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2026 / CPI in 1985 * 1985 USD value = 2026 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 2026:

299.852 / 107.000 * $294,000 = $823,892.41

Therefore, according to U.S. Bureau of Labor Statistics, $294,000 in 1985 has the same "purchasing power" as $823,892.41 in 2026 (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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