Minneapolis/St. Paul, Minnesota prices:$700,000 in 2007$1,067,167.21 in 2025

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 2007-2025 ($700,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 52.45% higher in 2025 versus 2007 (a $367,167.21 difference in value).

Between 2007 and 2025:Minneapolis/St. Paul experienced an average inflation rate of 2.37% per year. This rate of change indicates significant inflation. In other words, $700,000 in Minneapolis/St. Paul in the year 2007 would cost $1,067,167.21 in 2025 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 2007: Pricing changed by 2.57%, which is above the average yearly change in Minneapolis/St. Paul during the 2007-2025 time period. Compared to inflation for all items in 2007 (2.85%), 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 $700,000.00 since 2007

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $700,000 beginning in 2007. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2007$700,000.002.57%
2008$726,821.273.83%
2009$723,102.95-0.51%
2010$736,456.201.85%
2011$762,929.633.59%
2012$780,738.592.33%
2013$795,876.211.94%
2014$807,013.771.40%
2015$801,984.13-0.62%
2016$814,429.531.55%
2017$832,148.062.18%
2018$852,078.792.40%
2019$869,946.882.10%
2020$880,002.681.16%
2021$922,601.584.84%
2022$991,346.957.45%
2023$1,018,171.702.71%
2024$1,042,979.032.44%
2025$1,067,167.212.32%*

* 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 2007* 2007 USD value = 2025 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 201.247 in the year 2007 and 306.806 in 2025:

306.806 / 201.247* $700,000 = $1,067,167.21

Therefore, according to U.S. Bureau of Labor Statistics, $700,000 in 2007 has the same "purchasing power" as $1,067,167.21 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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