Minneapolis/St. Paul, Minnesota prices: $3,610,321 in 1985 $10,117,401.61 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($3,610,321)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $6,507,080.61 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, $3,610,321 in Minneapolis/St. Paul in the year 1985 would cost $10,117,401.61 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 $3,610,321.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $3,610,321 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$3,610,321.003.78%
1986$3,657,558.841.31%
1987$3,765,531.062.95%
1988$3,954,482.445.02%
1989$4,116,440.774.10%
1990$4,285,147.364.10%
1991$4,399,867.842.68%
1992$4,555,077.903.53%
1993$4,696,791.433.11%
1994$4,845,253.233.16%
1995$4,959,973.712.37%
1996$5,125,306.173.33%
1997$5,243,400.782.30%
1998$5,341,250.601.87%
1999$5,509,957.193.16%
2000$5,739,398.154.16%
2001$5,955,342.583.76%
2002$6,059,940.671.76%
2003$6,164,538.751.73%
2004$6,339,993.612.85%
2005$6,515,448.462.77%
2006$6,620,046.541.61%
2007$6,790,338.972.57%
2008$7,050,518.283.83%
2009$7,014,448.81-0.51%
2010$7,143,981.731.85%
2011$7,400,786.903.59%
2012$7,573,542.442.33%
2013$7,720,384.661.94%
2014$7,828,424.361.40%
2015$7,779,634.41-0.62%
2016$7,900,360.851.55%
2017$8,072,239.122.18%
2018$8,265,576.872.40%
2019$8,438,906.022.10%
2020$8,536,452.171.16%
2021$8,949,682.094.84%
2022$9,616,545.497.45%
2023$9,876,758.532.71%
2024$10,117,401.612.44%*

* 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 * $3,610,321 = $10,117,401.61

Therefore, according to U.S. Bureau of Labor Statistics, $3,610,321 in 1985 has the same "purchasing power" as $10,117,401.61 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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