Minneapolis/St. Paul, Minnesota prices:$380,000 in 1994$793,480.22 in 2026

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1994-2026 ($380,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 108.81% higher in 2026 versus 1994 (a $413,480.22 difference in value).

Between 1994 and 2026:Minneapolis/St. Paul experienced an average inflation rate of 2.33% per year. This rate of change indicates significant inflation. In other words, $380,000 in Minneapolis/St. Paul in the year 1994 would cost $793,480.22 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 1994: Pricing changed by 3.16%, which is above the average yearly change in Minneapolis/St. Paul during the 1994-2026 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
Fresh fruits · Indoor plants and flowers · Minneapolis-St Paul, Minnesota · Jewelry · More

Buying power of $380,000.00 since 1994

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $380,000 beginning in 1994. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1994$380,000.003.16%
1995$388,997.212.37%
1996$401,963.793.33%
1997$411,225.632.30%
1998$418,899.721.87%
1999$432,130.923.16%
2000$450,125.354.16%
2001$467,061.283.76%
2002$475,264.621.76%
2003$483,467.971.73%
2004$497,228.412.85%
2005$510,988.862.77%
2006$519,192.201.61%
2007$532,547.772.57%
2008$552,952.923.83%
2009$550,124.09-0.51%
2010$560,283.011.85%
2011$580,423.543.59%
2012$593,972.282.33%
2013$605,488.721.94%
2014$613,961.981.40%
2015$610,135.52-0.62%
2016$619,603.761.55%
2017$633,083.702.18%
2018$648,246.662.40%
2019$661,840.392.10%
2020$669,490.671.16%
2021$701,899.164.84%
2022$754,199.447.45%
2023$774,607.242.71%
2024$793,480.222.44%
2025$793,480.220.00% **
2026$793,480.220.00% **

* 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 1994* 1994 USD value = 2026 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 299.852 in 2026:

299.852 / 143.600* $380,000 = $793,480.22

Therefore, according to U.S. Bureau of Labor Statistics, $380,000 in 1994 has the same "purchasing power" as $793,480.22 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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