Minneapolis/St. Paul, Minnesota prices: $3,200,000 in 1985 $8,967,536.45 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($3,200,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $5,767,536.45 difference in value).

Between 1985 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.68% per year. This rate of change indicates significant inflation. In other words, $3,200,000 in Minneapolis/St. Paul in the year 1985 would cost $8,967,536.45 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.78% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1985: Pricing changed by 3.78%, which is above the average yearly change in Minneapolis/St. Paul during the 1985-2024 time period. Compared to inflation for all items in 1985 (3.55%), 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
19851990199520002005201020152020-11357
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 $3,200,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $3,200,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$3,200,000.003.78%
1986$3,241,869.161.31%
1987$3,337,570.092.95%
1988$3,505,046.735.02%
1989$3,648,598.134.10%
1990$3,798,130.844.10%
1991$3,899,813.082.68%
1992$4,037,383.183.53%
1993$4,162,990.653.11%
1994$4,294,579.443.16%
1995$4,396,261.682.37%
1996$4,542,803.743.33%
1997$4,647,476.642.30%
1998$4,734,205.611.87%
1999$4,883,738.323.16%
2000$5,087,102.804.16%
2001$5,278,504.673.76%
2002$5,371,214.951.76%
2003$5,463,925.231.73%
2004$5,619,439.252.85%
2005$5,774,953.272.77%
2006$5,867,663.551.61%
2007$6,018,601.872.57%
2008$6,249,211.213.83%
2009$6,217,241.12-0.51%
2010$6,332,052.341.85%
2011$6,559,671.033.59%
2012$6,712,792.522.33%
2013$6,842,945.791.94%
2014$6,938,706.541.40%
2015$6,895,461.68-0.62%
2016$7,002,467.291.55%
2017$7,154,811.212.18%
2018$7,326,175.702.40%
2019$7,479,805.612.10%
2020$7,566,265.421.16%
2021$7,932,530.844.84%
2022$8,523,603.747.45%
2023$8,754,242.992.71%
2024$8,967,536.452.44%*

* 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 1985 * 1985 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 107.000 in the year 1985 and 299.852 in 2024:

299.852 / 107.000 * $3,200,000 = $8,967,536.45

Therefore, according to U.S. Bureau of Labor Statistics, $3,200,000 in 1985 has the same "purchasing power" as $8,967,536.45 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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