Minneapolis/St. Paul, Minnesota prices:$580,000 in 1992$1,288,253.04 in 2026

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1992-2026 ($580,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 122.11% higher in 2026 versus 1992 (a $708,253.04 difference in value).

Between 1992 and 2026:Minneapolis/St. Paul experienced an average inflation rate of 2.37% per year. This rate of change indicates significant inflation. In other words, $580,000 in Minneapolis/St. Paul in the year 1992 would cost $1,288,253.04 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 2.49% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1992: Pricing changed by 3.53%, which is above the average yearly change in Minneapolis/St. Paul during the 1992-2026 time period. Compared to inflation for all items in 1992 (3.03%), 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
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Buying power of $580,000.00 since 1992

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $580,000 beginning in 1992. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1992$580,000.003.53%
1993$598,044.443.11%
1994$616,948.153.16%
1995$631,555.562.37%
1996$652,607.413.33%
1997$667,644.442.30%
1998$680,103.701.87%
1999$701,585.193.16%
2000$730,800.004.16%
2001$758,296.303.76%
2002$771,614.811.76%
2003$784,933.331.73%
2004$807,274.072.85%
2005$829,614.812.77%
2006$842,933.331.61%
2007$864,616.742.57%
2008$897,745.483.83%
2009$893,152.74-0.51%
2010$909,646.221.85%
2011$942,345.333.59%
2012$964,342.372.33%
2013$983,039.851.94%
2014$996,796.591.40%
2015$990,584.15-0.62%
2016$1,005,956.301.55%
2017$1,027,841.632.18%
2018$1,052,459.412.40%
2019$1,074,529.482.10%
2020$1,086,950.071.16%
2021$1,139,566.814.84%
2022$1,224,478.817.45%
2023$1,257,611.852.71%
2024$1,288,253.042.44%
2025$1,288,253.040.00% **
2026$1,288,253.040.00% **

* 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 1992* 1992 USD value = 2026 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 135.000 in the year 1992 and 299.852 in 2026:

299.852 / 135.000* $580,000 = $1,288,253.04

Therefore, according to U.S. Bureau of Labor Statistics, $580,000 in 1992 has the same "purchasing power" as $1,288,253.04 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.

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