Minneapolis/St. Paul, Minnesota prices:$40,588 in 1985$116,379.83 in 2025

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1985-2025 ($40,588)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 186.73% higher in 2025 versus 1985 (a $75,791.83 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, $40,588 in Minneapolis/St. Paul in the year 1985 would cost $116,379.83 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
Electricity · Tampa, Florida · Public transportation · Bread · More

Buying power of $40,588.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $40,588 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$40,588.003.78%
1986$41,119.061.31%
1987$42,332.902.95%
1988$44,457.145.02%
1989$46,277.914.10%
1990$48,174.544.10%
1991$49,464.252.68%
1992$51,209.163.53%
1993$52,802.333.11%
1994$54,471.373.16%
1995$55,761.082.37%
1996$57,619.793.33%
1997$58,947.432.30%
1998$60,047.481.87%
1999$61,944.123.16%
2000$64,523.544.16%
2001$66,951.233.76%
2002$68,127.151.76%
2003$69,303.061.73%
2004$71,275.562.85%
2005$73,248.062.77%
2006$74,423.981.61%
2007$76,338.442.57%
2008$79,263.433.83%
2009$78,857.93-0.51%
2010$80,314.171.85%
2011$83,201.233.59%
2012$85,143.382.33%
2013$86,794.211.94%
2014$88,008.821.40%
2015$87,460.31-0.62%
2016$88,817.541.55%
2017$90,749.842.18%
2018$92,923.382.40%
2019$94,871.982.10%
2020$95,968.621.16%
2021$100,614.244.84%
2022$108,111.267.45%
2023$111,036.632.71%
2024$113,741.992.44%
2025$116,379.832.32%*

* 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* $40,588 = $116,379.83

Therefore, according to U.S. Bureau of Labor Statistics, $40,588 in 1985 has the same "purchasing power" as $116,379.83 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.

» Read more about inflation and investment.