Minneapolis/St. Paul, Minnesota prices:$283,000 in 1988$740,837.01 in 2025

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1988-2025 ($283,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 161.78% higher in 2025 versus 1988 (a $457,837.01 difference in value).

Between 1988 and 2025:Minneapolis/St. Paul experienced an average inflation rate of 2.64% per year. This rate of change indicates significant inflation. In other words, $283,000 in Minneapolis/St. Paul in the year 1988 would cost $740,837.01 in 2025 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 1988: Pricing changed by 5.02%, which is above the average yearly change in Minneapolis/St. Paul during the 1988-2025 time period. Compared to inflation for all items in 1988 (4.08%), 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
Financial services · Detroit, Michigan · Parking fees and tolls · Bread · More

Buying power of $283,000.00 since 1988

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $283,000 beginning in 1988. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1988$283,000.005.02%
1989$294,590.444.10%
1990$306,663.824.10%
1991$314,873.722.68%
1992$325,981.233.53%
1993$336,122.873.11%
1994$346,747.443.16%
1995$354,957.342.37%
1996$366,789.253.33%
1997$375,240.612.30%
1998$382,243.171.87%
1999$394,316.553.16%
2000$410,736.354.16%
2001$426,190.273.76%
2002$433,675.771.76%
2003$441,161.261.73%
2004$453,717.582.85%
2005$466,273.892.77%
2006$473,759.391.61%
2007$485,946.252.57%
2008$504,565.823.83%
2009$501,984.53-0.51%
2010$511,254.471.85%
2011$529,632.573.59%
2012$541,995.712.33%
2013$552,504.381.94%
2014$560,236.171.40%
2015$556,744.55-0.62%
2016$565,384.261.55%
2017$577,684.622.18%
2018$591,520.712.40%
2019$603,924.902.10%
2020$610,905.731.16%
2021$640,478.264.84%
2022$688,201.917.45%
2023$706,823.892.71%
2024$724,045.362.44%
2025$740,837.012.32%*

* 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 1988* 1988 USD value = 2025 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 117.200 in the year 1988 and 306.806 in 2025:

306.806 / 117.200* $283,000 = $740,837.01

Therefore, according to U.S. Bureau of Labor Statistics, $283,000 in 1988 has the same "purchasing power" as $740,837.01 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.