Minneapolis/St. Paul, Minnesota prices:$740,000 in 1993$1,594,040.80 in 2026

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1993-2026 ($740,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 115.41% higher in 2026 versus 1993 (a $854,040.80 difference in value).

Between 1993 and 2026:Minneapolis/St. Paul experienced an average inflation rate of 2.35% per year. This rate of change indicates significant inflation. In other words, $740,000 in Minneapolis/St. Paul in the year 1993 would cost $1,594,040.80 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 2.48% 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 1993-2026 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 $740,000.00 since 1993

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $740,000 beginning in 1993. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1993$740,000.003.11%
1994$763,390.803.16%
1995$781,465.522.37%
1996$807,514.373.33%
1997$826,120.692.30%
1998$841,537.361.87%
1999$868,117.823.16%
2000$904,267.244.16%
2001$938,290.233.76%
2002$954,770.111.76%
2003$971,250.001.73%
2004$998,893.682.85%
2005$1,026,537.362.77%
2006$1,043,017.241.61%
2007$1,069,847.562.57%
2008$1,110,839.943.83%
2009$1,105,157.04-0.51%
2010$1,125,565.521.85%
2011$1,166,026.293.59%
2012$1,193,244.682.33%
2013$1,216,380.321.94%
2014$1,233,402.441.40%
2015$1,225,715.37-0.62%
2016$1,244,736.351.55%
2017$1,271,816.522.18%
2018$1,302,277.732.40%
2019$1,329,586.492.10%
2020$1,344,955.321.16%
2021$1,410,061.494.84%
2022$1,515,128.747.45%
2023$1,556,126.442.71%
2024$1,594,040.802.44%
2025$1,594,040.800.00% **
2026$1,594,040.800.00% **

* 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 1993* 1993 USD value = 2026 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 299.852 in 2026:

299.852 / 139.200* $740,000 = $1,594,040.80

Therefore, according to U.S. Bureau of Labor Statistics, $740,000 in 1993 has the same "purchasing power" as $1,594,040.80 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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