Minneapolis/St. Paul, Minnesota prices: $970,000 in 1992 $2,154,492.15 in 2026

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1992-2026 ($970,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 122.11% higher in 2026 versus 1992 (a $1,184,492.15 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, $970,000 in Minneapolis/St. Paul in the year 1992 would cost $2,154,492.15 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
Indoor plants and flowers · Gasoline (all types) · Legal services · Milk · More

Buying power of $970,000.00 since 1992

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $970,000 beginning in 1992. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1992$970,000.003.53%
1993$1,000,177.783.11%
1994$1,031,792.593.16%
1995$1,056,222.222.37%
1996$1,091,429.633.33%
1997$1,116,577.782.30%
1998$1,137,414.811.87%
1999$1,173,340.743.16%
2000$1,222,200.004.16%
2001$1,268,185.193.76%
2002$1,290,459.261.76%
2003$1,312,733.331.73%
2004$1,350,096.302.85%
2005$1,387,459.262.77%
2006$1,409,733.331.61%
2007$1,445,996.962.57%
2008$1,501,401.933.83%
2009$1,493,720.96-0.51%
2010$1,521,304.891.85%
2011$1,575,991.333.59%
2012$1,612,779.482.33%
2013$1,644,049.411.94%
2014$1,667,056.371.40%
2015$1,656,666.59-0.62%
2016$1,682,375.191.55%
2017$1,718,976.522.18%
2018$1,760,147.632.40%
2019$1,797,057.932.10%
2020$1,817,830.301.16%
2021$1,905,827.264.84%
2022$2,047,835.267.45%
2023$2,103,247.412.71%
2024$2,154,492.152.44%
2025$2,154,492.150.00% **
2026$2,154,492.150.00% **

* 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 * $970,000 = $2,154,492.15

Therefore, according to U.S. Bureau of Labor Statistics, $970,000 in 1992 has the same "purchasing power" as $2,154,492.15 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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