Minneapolis/St. Paul, Minnesota prices: $930,000 in 1986 $2,572,531 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1986-2024 ($930,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 176.62% higher in 2024 versus 1986 (a $1,642,531 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, $930,000 in Minneapolis/St. Paul in the year 1986 would cost $2,572,531 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 $930,000.00 since 1986

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $930,000 beginning in 1986. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1986$930,000.001.31%
1987$957,453.872.95%
1988$1,005,498.155.02%
1989$1,046,678.974.10%
1990$1,089,575.654.10%
1991$1,118,745.392.68%
1992$1,158,210.333.53%
1993$1,194,243.543.11%
1994$1,231,992.623.16%
1995$1,261,162.362.37%
1996$1,303,201.113.33%
1997$1,333,228.782.30%
1998$1,358,108.861.87%
1999$1,401,005.543.16%
2000$1,459,345.024.16%
2001$1,514,252.773.76%
2002$1,540,848.711.76%
2003$1,567,444.651.73%
2004$1,612,057.202.85%
2005$1,656,669.742.77%
2006$1,683,265.681.61%
2007$1,726,565.592.57%
2008$1,792,720.853.83%
2009$1,783,549.54-0.51%
2010$1,816,485.611.85%
2011$1,881,782.933.59%
2012$1,925,709.132.33%
2013$1,963,046.401.94%
2014$1,990,517.441.40%
2015$1,978,111.72-0.62%
2016$2,008,808.581.55%
2017$2,052,511.722.18%
2018$2,101,671.312.40%
2019$2,145,743.362.10%
2020$2,170,546.221.16%
2021$2,275,617.344.84%
2022$2,445,179.347.45%
2023$2,511,343.172.71%
2024$2,572,531.002.44%*

* 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 * $930,000 = $2,572,531

Therefore, according to U.S. Bureau of Labor Statistics, $930,000 in 1986 has the same "purchasing power" as $2,572,531 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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