According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 15.04% higher in 2021 versus 2015 (a $180,478.56 difference in value).
Between 2015 and 2021: Minneapolis/St. Paul experienced an average inflation rate of 2.36% per year. This rate of change indicates significant inflation. In other words, $1,200,000 in Minneapolis/St. Paul in the year 2015 would cost $1,380,478.56 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.26% during this same period, inflation in Minneapolis/St. Paul was higher.
In the year 2015: Pricing changed by -0.62%, which is below the average yearly change in Minneapolis/St. Paul during the 2015-2021 time period. Compared to inflation for all items in 2015 (0.12%), inflation in Minneapolis/St. Paul was lower.
Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $1,200,000 beginning in 2015. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Minneapolis-St Paul, Minnesota: