Minneapolis/St. Paul, Minnesota prices:$460,000 in 2002$785,806.01 in 2025

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 2002-2025 ($460,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 70.83% higher in 2025 versus 2002 (a $325,806.01 difference in value).

Between 2002 and 2025:Minneapolis/St. Paul experienced an average inflation rate of 2.36% per year. This rate of change indicates significant inflation. In other words, $460,000 in Minneapolis/St. Paul in the year 2002 would cost $785,806.01 in 2025 for an equivalent purchase. Compared to the overall inflation rate of 2.57% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 2002: Pricing changed by 1.76%, which is below the average yearly change in Minneapolis/St. Paul during the 2002-2025 time period. Compared to inflation for all items in 2002 (1.59%), 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 $460,000.00 since 2002

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $460,000 beginning in 2002. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2002$460,000.001.76%
2003$467,939.871.73%
2004$481,258.352.85%
2005$494,576.842.77%
2006$502,516.701.61%
2007$515,443.322.57%
2008$535,193.103.83%
2009$532,455.12-0.51%
2010$542,287.751.85%
2011$561,781.403.59%
2012$574,894.992.33%
2013$586,041.541.94%
2014$594,242.651.40%
2015$590,539.09-0.62%
2016$599,703.231.55%
2017$612,750.222.18%
2018$627,426.172.40%
2019$640,583.302.10%
2020$647,987.861.16%
2021$679,355.464.84%
2022$729,975.957.45%
2023$749,728.292.71%
2024$767,995.102.44%
2025$785,806.012.32%*

* 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 2002* 2002 USD value = 2025 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 179.600 in the year 2002 and 306.806 in 2025:

306.806 / 179.600* $460,000 = $785,806.01

Therefore, according to U.S. Bureau of Labor Statistics, $460,000 in 2002 has the same "purchasing power" as $785,806.01 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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