Minneapolis/St. Paul, Minnesota prices: $482,000 in 1985 $1,350,735.18 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2024 ($482,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 180.24% higher in 2024 versus 1985 (a $868,735.18 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, $482,000 in Minneapolis/St. Paul in the year 1985 would cost $1,350,735.18 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 $482,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $482,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$482,000.003.78%
1986$488,306.541.31%
1987$502,721.502.95%
1988$527,947.665.02%
1989$549,570.094.10%
1990$572,093.464.10%
1991$587,409.352.68%
1992$608,130.843.53%
1993$627,050.473.11%
1994$646,871.033.16%
1995$662,186.922.37%
1996$684,259.813.33%
1997$700,026.172.30%
1998$713,089.721.87%
1999$735,613.083.16%
2000$766,244.864.16%
2001$795,074.773.76%
2002$809,039.251.76%
2003$823,003.741.73%
2004$846,428.042.85%
2005$869,852.342.77%
2006$883,816.821.61%
2007$906,551.912.57%
2008$941,287.443.83%
2009$936,471.94-0.51%
2010$953,765.381.85%
2011$988,050.453.59%
2012$1,011,114.372.33%
2013$1,030,718.711.94%
2014$1,045,142.671.40%
2015$1,038,628.92-0.62%
2016$1,054,746.641.55%
2017$1,077,693.442.18%
2018$1,103,505.212.40%
2019$1,126,645.722.10%
2020$1,139,668.731.16%
2021$1,194,837.464.84%
2022$1,283,867.817.45%
2023$1,318,607.852.71%
2024$1,350,735.182.44%*

* 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 * $482,000 = $1,350,735.18

Therefore, according to U.S. Bureau of Labor Statistics, $482,000 in 1985 has the same "purchasing power" as $1,350,735.18 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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