Minneapolis/St. Paul, Minnesota prices:$297,500 in 1985$853,035.37 in 2025

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2025 ($297,500)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 186.73% higher in 2025 versus 1985 (a $555,535.37 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, $297,500 in Minneapolis/St. Paul in the year 1985 would cost $853,035.37 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
Admission to sporting events · Fresh fruits · Jewelry · Chicago, Illinois · More

Buying power of $297,500.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $297,500 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$297,500.003.78%
1986$301,392.521.31%
1987$310,289.722.95%
1988$325,859.815.02%
1989$339,205.614.10%
1990$353,107.484.10%
1991$362,560.752.68%
1992$375,350.473.53%
1993$387,028.043.11%
1994$399,261.683.16%
1995$408,714.952.37%
1996$422,338.793.33%
1997$432,070.092.30%
1998$440,133.181.87%
1999$454,035.053.16%
2000$472,941.594.16%
2001$490,735.983.76%
2002$499,355.141.76%
2003$507,974.301.73%
2004$522,432.242.85%
2005$536,890.192.77%
2006$545,509.351.61%
2007$559,541.892.57%
2008$580,981.363.83%
2009$578,009.14-0.51%
2010$588,682.991.85%
2011$609,844.423.59%
2012$624,079.932.33%
2013$636,180.121.94%
2014$645,082.871.40%
2015$641,062.45-0.62%
2016$651,010.631.55%
2017$665,173.862.18%
2018$681,105.402.40%
2019$695,388.182.10%
2020$703,426.241.16%
2021$737,477.484.84%
2022$792,428.797.45%
2023$813,871.032.71%
2024$833,700.652.44%
2025$853,035.372.32%*

* 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* $297,500 = $853,035.37

Therefore, according to U.S. Bureau of Labor Statistics, $297,500 in 1985 has the same "purchasing power" as $853,035.37 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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