Minneapolis/St. Paul, Minnesota prices:$978,000 in 1985$2,804,264.19 in 2025

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1985-2025 ($978,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 186.73% higher in 2025 versus 1985 (a $1,826,264.19 difference in value).

Between 1985 and 2025:Minneapolis/St. Paul experienced an average inflation rate of 2.67% per year. This rate of change indicates significant inflation. In other words, $978,000 in Minneapolis/St. Paul in the year 1985 would cost $2,804,264.19 in 2025 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 1985-2025 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
Years with the largest changes in pricing: 2022 (7.45%), 1988 (5.02%), and 2021 (4.84%).

View price changes for other categories
Bananas · Rent of primary residence · Parking fees and tolls · Film and photographic supplies · More

Buying power of $978,000.00 since 1985

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $978,000 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$978,000.003.78%
1986$990,796.261.31%
1987$1,020,044.862.95%
1988$1,071,229.915.02%
1989$1,115,102.804.10%
1990$1,160,803.744.10%
1991$1,191,880.372.68%
1992$1,233,925.233.53%
1993$1,272,314.023.11%
1994$1,312,530.843.16%
1995$1,343,607.482.37%
1996$1,388,394.393.33%
1997$1,420,385.052.30%
1998$1,446,891.591.87%
1999$1,492,592.523.16%
2000$1,554,745.794.16%
2001$1,613,242.993.76%
2002$1,641,577.571.76%
2003$1,669,912.151.73%
2004$1,717,441.122.85%
2005$1,764,970.092.77%
2006$1,793,304.671.61%
2007$1,839,435.202.57%
2008$1,909,915.183.83%
2009$1,900,144.32-0.51%
2010$1,935,233.501.85%
2011$2,004,799.463.59%
2012$2,051,597.212.33%
2013$2,091,375.311.94%
2014$2,120,642.191.40%
2015$2,107,425.48-0.62%
2016$2,140,129.071.55%
2017$2,186,689.182.18%
2018$2,239,062.452.40%
2019$2,286,015.592.10%
2020$2,312,439.871.16%
2021$2,424,379.744.84%
2022$2,605,026.397.45%
2023$2,675,515.512.71%
2024$2,740,703.332.44%
2025$2,804,264.192.32%*

* 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 1985* 1985 USD value = 2025 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 306.806 in 2025:

306.806 / 107.000* $978,000 = $2,804,264.19

Therefore, according to U.S. Bureau of Labor Statistics, $978,000 in 1985 has the same "purchasing power" as $2,804,264.19 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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