Minneapolis/St. Paul, Minnesota prices: $488,000 in 1985 $1,367,549.31 in 2026

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2026 ($488,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2026 versus 1985 (a $879,549.31 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, $488,000 in Minneapolis/St. Paul in the year 1985 would cost $1,367,549.31 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
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Buying power of $488,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $488,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$488,000.003.78%
1986$494,385.051.31%
1987$508,979.442.95%
1988$534,519.635.02%
1989$556,411.214.10%
1990$579,214.954.10%
1991$594,721.502.68%
1992$615,700.933.53%
1993$634,856.073.11%
1994$654,923.363.16%
1995$670,429.912.37%
1996$692,777.573.33%
1997$708,740.192.30%
1998$721,966.361.87%
1999$744,770.093.16%
2000$775,783.184.16%
2001$804,971.963.76%
2002$819,110.281.76%
2003$833,248.601.73%
2004$856,964.492.85%
2005$880,680.372.77%
2006$894,818.691.61%
2007$917,836.792.57%
2008$953,004.713.83%
2009$948,129.27-0.51%
2010$965,637.981.85%
2011$1,000,349.833.59%
2012$1,023,700.862.33%
2013$1,043,549.231.94%
2014$1,058,152.751.40%
2015$1,051,557.91-0.62%
2016$1,067,876.261.55%
2017$1,091,108.712.18%
2018$1,117,241.792.40%
2019$1,140,670.362.10%
2020$1,153,855.481.16%
2021$1,209,710.954.84%
2022$1,299,849.577.45%
2023$1,335,022.062.71%
2024$1,367,549.312.44%
2025$1,367,549.310.00% **
2026$1,367,549.310.00% **

* 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 * $488,000 = $1,367,549.31

Therefore, according to U.S. Bureau of Labor Statistics, $488,000 in 1985 has the same "purchasing power" as $1,367,549.31 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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