Minneapolis/St. Paul, Minnesota prices:$947,000 in 1985$2,715,376.47 in 2025

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1985-2025 ($947,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 186.73% higher in 2025 versus 1985 (a $1,768,376.47 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, $947,000 in Minneapolis/St. Paul in the year 1985 would cost $2,715,376.47 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
Alcoholic beverages · Food · Seattle, Washington · Admission to sporting events · More

Buying power of $947,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $947,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$947,000.003.78%
1986$959,390.651.31%
1987$987,712.152.95%
1988$1,037,274.775.02%
1989$1,079,757.014.10%
1990$1,124,009.354.10%
1991$1,154,100.932.68%
1992$1,194,813.083.53%
1993$1,231,985.053.11%
1994$1,270,927.103.16%
1995$1,301,018.692.37%
1996$1,344,385.983.33%
1997$1,375,362.622.30%
1998$1,401,028.971.87%
1999$1,445,281.313.16%
2000$1,505,464.494.16%
2001$1,562,107.483.76%
2002$1,589,543.931.76%
2003$1,616,980.371.73%
2004$1,663,002.802.85%
2005$1,709,025.232.77%
2006$1,736,461.681.61%
2007$1,781,129.992.57%
2008$1,849,375.943.83%
2009$1,839,914.79-0.51%
2010$1,873,891.741.85%
2011$1,941,252.643.59%
2012$1,986,567.042.33%
2013$2,025,084.271.94%
2014$2,053,423.471.40%
2015$2,040,625.69-0.62%
2016$2,072,292.661.55%
2017$2,117,376.942.18%
2018$2,168,090.122.40%
2019$2,213,554.972.10%
2020$2,239,141.671.16%
2021$2,347,533.354.84%
2022$2,522,453.987.45%
2023$2,590,708.792.71%
2024$2,653,830.322.44%
2025$2,715,376.472.32%*

* 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* $947,000 = $2,715,376.47

Therefore, according to U.S. Bureau of Labor Statistics, $947,000 in 1985 has the same "purchasing power" as $2,715,376.47 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.