Minneapolis/St. Paul, Minnesota prices:$520,000 in 2016→$681,368.90 in 2025

Inflation in Minnesota

Enter a starting cost to estimate an equivalent purchase using the category CPI. This is a hypothetical calculation, not an observed retail price.

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Prices in Minneapolis/st. Paul, 2016-2025 ($520,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 31.03% higher in 2025 versus 2016 (a $161,368.90 difference in value).

The dollar amounts in this section illustrate the category CPI calculation; they are not a series of observed prices.

Between 2016 and 2025:Minneapolis/St. Paul experienced an average inflation rate of 3.05% per year. This rate of change indicates significant inflation. In other words, $520,000 in Minneapolis/St. Paul in the year 2016 would cost $681,368.90 in 2025 for an equivalent purchase. Compared to the overall inflation rate of 3.33% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 2016: Pricing changed by 1.55%, which is below the average yearly change in Minneapolis/St. Paul during the 2016-2025 time period. Compared to inflation for all items in 2016 (1.26%), 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
Gasoline (all types) · Bread · Fresh fruits · Film and photographic supplies · More

Buying power of $520,000.00 since 2016

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $520,000 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2016$520,000.001.55%
2017$531,312.992.18%
2018$544,038.442.40%
2019$555,446.922.10%
2020$561,867.391.16%
2021$589,066.094.84%
2022$632,958.897.45%
2023$650,086.062.71%
2024$665,925.132.44%
2025$681,368.902.32%*

* 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 2016* 2016 USD value = 2025 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 234.145 in the year 2016 and 306.806 in 2025:

306.806 / 234.145* $520,000 = $681,368.90

Therefore, according to U.S. Bureau of Labor Statistics, $520,000 in 2016 has the same "purchasing power" as $681,368.90 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.