Minneapolis/St. Paul, Minnesota prices:$1,800,000 in 1994$3,845,757.66 in 2025

Inflation in Minnesota

$

Prices in Minneapolis/st. Paul, 1994-2025 ($1,800,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 113.65% higher in 2025 versus 1994 (a $2,045,757.66 difference in value).

Between 1994 and 2025:Minneapolis/St. Paul experienced an average inflation rate of 2.48% per year. This rate of change indicates significant inflation. In other words, $1,800,000 in Minneapolis/St. Paul in the year 1994 would cost $3,845,757.66 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 1994: Pricing changed by 3.16%, which is above the average yearly change in Minneapolis/St. Paul during the 1994-2025 time period. Compared to inflation for all items in 1994 (2.61%), 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
Medical care · Detroit, Michigan · College tuition and fees · New trucks · More

Buying power of $1,800,000.00 since 1994

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,800,000 beginning in 1994. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1994$1,800,000.003.16%
1995$1,842,618.382.37%
1996$1,904,039.003.33%
1997$1,947,910.862.30%
1998$1,984,261.841.87%
1999$2,046,935.933.16%
2000$2,132,172.704.16%
2001$2,212,395.543.76%
2002$2,251,253.481.76%
2003$2,290,111.421.73%
2004$2,355,292.482.85%
2005$2,420,473.542.77%
2006$2,459,331.481.61%
2007$2,522,594.712.57%
2008$2,619,250.703.83%
2009$2,605,850.97-0.51%
2010$2,653,972.141.85%
2011$2,749,374.653.59%
2012$2,813,552.922.33%
2013$2,868,104.461.94%
2014$2,908,240.951.40%
2015$2,890,115.60-0.62%
2016$2,934,965.181.55%
2017$2,998,817.552.18%
2018$3,070,642.062.40%
2019$3,135,033.432.10%
2020$3,171,271.591.16%
2021$3,324,785.524.84%
2022$3,572,523.687.45%
2023$3,669,192.202.71%
2024$3,758,590.532.44%
2025$3,845,757.662.32%*

* 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 1994* 1994 USD value = 2025 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 143.600 in the year 1994 and 306.806 in 2025:

306.806 / 143.600* $1,800,000 = $3,845,757.66

Therefore, according to U.S. Bureau of Labor Statistics, $1,800,000 in 1994 has the same "purchasing power" as $3,845,757.66 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.