Minneapolis/St. Paul, Minnesota prices: $340,000 in 1986 $940,495.20 in 2026

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1986-2026 ($340,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 176.62% higher in 2026 versus 1986 (a $600,495.20 difference in value).

Between 1986 and 2026: Minneapolis/St. Paul experienced an average inflation rate of 2.58% per year. This rate of change indicates significant inflation. In other words, $340,000 in Minneapolis/St. Paul in the year 1986 would cost $940,495.20 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 2.75% 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 1986-2026 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
Fish and seafood · Phoenix, Arizona · Fresh fruits · Legal services · More

Buying power of $340,000.00 since 1986

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $340,000 beginning in 1986. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1986$340,000.001.31%
1987$350,036.902.95%
1988$367,601.485.02%
1989$382,656.834.10%
1990$398,339.484.10%
1991$409,003.692.68%
1992$423,431.733.53%
1993$436,605.173.11%
1994$450,405.903.16%
1995$461,070.112.37%
1996$476,439.113.33%
1997$487,416.972.30%
1998$496,512.921.87%
1999$512,195.573.16%
2000$533,523.994.16%
2001$553,597.793.76%
2002$563,321.031.76%
2003$573,044.281.73%
2004$589,354.242.85%
2005$605,664.212.77%
2006$615,387.451.61%
2007$631,217.532.57%
2008$655,403.323.83%
2009$652,050.37-0.51%
2010$664,091.511.85%
2011$687,963.653.59%
2012$704,022.692.33%
2013$717,672.881.94%
2014$727,716.051.40%
2015$723,180.63-0.62%
2016$734,403.141.55%
2017$750,380.632.18%
2018$768,352.952.40%
2019$784,465.312.10%
2020$793,533.031.16%
2021$831,946.134.84%
2022$893,936.537.45%
2023$918,125.462.71%
2024$940,495.202.44%
2025$940,495.200.00% **
2026$940,495.200.00% **

* 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 1986 * 1986 USD value = 2026 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 2026:

299.852 / 108.400 * $340,000 = $940,495.20

Therefore, according to U.S. Bureau of Labor Statistics, $340,000 in 1986 has the same "purchasing power" as $940,495.20 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.

» Read more about inflation and investment.