Minneapolis/St. Paul, Minnesota prices: $275,000 in 1986 $760,694.65 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1986-2024 ($275,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 176.62% higher in 2024 versus 1986 (a $485,694.65 difference in value).

Between 1986 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.71% per year. This rate of change indicates significant inflation. In other words, $275,000 in Minneapolis/St. Paul in the year 1986 would cost $760,694.65 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.81% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1986: Pricing changed by 1.31%, which is below the average yearly change in Minneapolis/St. Paul during the 1986-2024 time period. Compared to inflation for all items in 1986 (1.90%), inflation in Minneapolis/St. Paul was lower.

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 $275,000.00 since 1986

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $275,000 beginning in 1986. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1986$275,000.001.31%
1987$283,118.082.95%
1988$297,324.725.02%
1989$309,501.854.10%
1990$322,186.354.10%
1991$330,811.812.68%
1992$342,481.553.53%
1993$353,136.533.11%
1994$364,298.893.16%
1995$372,924.352.37%
1996$385,355.173.33%
1997$394,234.322.30%
1998$401,591.331.87%
1999$414,275.833.16%
2000$431,526.754.16%
2001$447,762.923.76%
2002$455,627.311.76%
2003$463,491.701.73%
2004$476,683.582.85%
2005$489,875.462.77%
2006$497,739.851.61%
2007$510,543.592.57%
2008$530,105.633.83%
2009$527,393.68-0.51%
2010$537,132.841.85%
2011$556,441.193.59%
2012$569,430.122.33%
2013$580,470.711.94%
2014$588,593.871.40%
2015$584,925.51-0.62%
2016$594,002.541.55%
2017$606,925.512.18%
2018$621,461.952.40%
2019$634,494.002.10%
2020$641,828.181.16%
2021$672,897.604.84%
2022$723,036.907.45%
2023$742,601.482.71%
2024$760,694.652.44%*

* 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 1986 * 1986 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 108.400 in the year 1986 and 299.852 in 2024:

299.852 / 108.400 * $275,000 = $760,694.65

Therefore, according to U.S. Bureau of Labor Statistics, $275,000 in 1986 has the same "purchasing power" as $760,694.65 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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