Minneapolis/St. Paul, Minnesota prices: $510,000 in 1995 $1,040,302.86 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1995-2024 ($510,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 103.98% higher in 2024 versus 1995 (a $530,302.86 difference in value).

Between 1995 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.49% per year. This rate of change indicates significant inflation. In other words, $510,000 in Minneapolis/St. Paul in the year 1995 would cost $1,040,302.86 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.52% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1995: Pricing changed by 2.37%, which is below the average yearly change in Minneapolis/St. Paul during the 1995-2024 time period. Compared to inflation for all items in 1995 (2.81%), inflation in Minneapolis/St. Paul was lower.

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 $510,000.00 since 1995

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $510,000 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$510,000.002.37%
1996$527,000.003.33%
1997$539,142.862.30%
1998$549,204.081.87%
1999$566,551.023.16%
2000$590,142.864.16%
2001$612,346.943.76%
2002$623,102.041.76%
2003$633,857.141.73%
2004$651,897.962.85%
2005$669,938.782.77%
2006$680,693.881.61%
2007$698,203.882.57%
2008$724,956.333.83%
2009$721,247.55-0.51%
2010$734,566.531.85%
2011$760,972.043.59%
2012$778,735.312.33%
2013$793,834.081.94%
2014$804,943.061.40%
2015$799,926.33-0.62%
2016$812,339.801.55%
2017$830,012.862.18%
2018$849,892.452.40%
2019$867,714.692.10%
2020$877,744.691.16%
2021$920,234.294.84%
2022$988,803.277.45%
2023$1,015,559.182.71%
2024$1,040,302.862.44%*

* 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:

Year19841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720299.852

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1995 * 1995 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 147.000 in the year 1995 and 299.852 in 2024:

299.852 / 147.000 * $510,000 = $1,040,302.86

Therefore, according to U.S. Bureau of Labor Statistics, $510,000 in 1995 has the same "purchasing power" as $1,040,302.86 in 2024 (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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