Minneapolis/St. Paul, Minnesota prices:$480,000 in 1993$1,057,951.72 in 2025

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1993-2025 ($480,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 120.41% higher in 2025 versus 1993 (a $577,951.72 difference in value).

Between 1993 and 2025:Minneapolis/St. Paul experienced an average inflation rate of 2.50% per year. This rate of change indicates significant inflation. In other words, $480,000 in Minneapolis/St. Paul in the year 1993 would cost $1,057,951.72 in 2025 for an equivalent purchase. Compared to the overall inflation rate of 2.54% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1993: Pricing changed by 3.11%, which is above the average yearly change in Minneapolis/St. Paul during the 1993-2025 time period. Compared to inflation for all items in 1993 (2.95%), 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 $480,000.00 since 1993

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $480,000 beginning in 1993. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1993$480,000.003.11%
1994$495,172.413.16%
1995$506,896.552.37%
1996$523,793.103.33%
1997$535,862.072.30%
1998$545,862.071.87%
1999$563,103.453.16%
2000$586,551.724.16%
2001$608,620.693.76%
2002$619,310.341.76%
2003$630,000.001.73%
2004$647,931.032.85%
2005$665,862.072.77%
2006$676,551.721.61%
2007$693,955.172.57%
2008$720,544.833.83%
2009$716,858.62-0.51%
2010$730,096.551.85%
2011$756,341.383.59%
2012$773,996.552.33%
2013$789,003.451.94%
2014$800,044.831.40%
2015$795,058.62-0.62%
2016$807,396.551.55%
2017$824,962.072.18%
2018$844,720.692.40%
2019$862,434.482.10%
2020$872,403.451.16%
2021$914,634.484.84%
2022$982,786.217.45%
2023$1,009,379.312.71%
2024$1,033,972.412.44%
2025$1,057,951.722.32%*

* 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 1993* 1993 USD value = 2025 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 139.200 in the year 1993 and 306.806 in 2025:

306.806 / 139.200* $480,000 = $1,057,951.72

Therefore, according to U.S. Bureau of Labor Statistics, $480,000 in 1993 has the same "purchasing power" as $1,057,951.72 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.

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