Minneapolis/St. Paul, Minnesota prices: $1,200,000 in 2000 $1,871,209.88 in 2021

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 2000-2021 ($1,200,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 55.93% higher in 2021 versus 2000 (a $671,209.88 difference in value).

Between 2000 and 2021: Minneapolis/St. Paul experienced an average inflation rate of 2.14% per year. This rate of change indicates significant inflation. In other words, $1,200,000 in Minneapolis/St. Paul in the year 2000 would cost $1,871,209.88 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.18% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 2000: Pricing changed by 4.16%, which is above the average yearly change in Minneapolis/St. Paul during the 2000-2021 time period. Compared to inflation for all items in 2000 (3.38%), 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: 1988 (5.02%), 2021 (4.84%), and 2000 (4.16%).

View price changes for other categories
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Buying power of $1,200,000.00 since 2000

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,200,000 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2000$1,200,000.004.16%
2001$1,245,149.913.76%
2002$1,267,019.401.76%
2003$1,288,888.891.73%
2004$1,325,573.192.85%
2005$1,362,257.502.77%
2006$1,384,126.981.61%
2007$1,419,731.922.57%
2008$1,474,130.513.83%
2009$1,466,589.07-0.51%
2010$1,493,671.961.85%
2011$1,547,365.083.59%
2012$1,583,485.012.33%
2013$1,614,186.951.94%
2014$1,636,776.011.40%
2015$1,626,574.96-0.62%
2016$1,651,816.581.55%
2017$1,687,753.092.18%
2018$1,728,176.372.40%
2019$1,764,416.232.10%
2020$1,784,811.291.16%
2021$1,871,209.884.84%*
* Not final. See inflation summary for latest details.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Minneapolis-St Paul, Minnesota:

Year19841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2021 / CPI in 2000 * 2000 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 170.100 in the year 2000 and 265.244 in 2021:

265.244 / 170.100 * $1,200,000 = $1,871,209.88

Therefore, according to U.S. Bureau of Labor Statistics, $1,200,000 in 2000 has the same "purchasing power" as $1,871,209.88 in 2021 (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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