Minneapolis/St. Paul, Minnesota prices: $1,200,000 in 2015 $1,380,478.56 in 2021

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 2015-2021 ($1,200,000)

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.

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 2015

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:

YearUSD ValueInflation Rate
2015$1,200,000.00-0.62%
2016$1,218,621.921.55%
2017$1,245,133.952.18%
2018$1,274,956.092.40%
2019$1,301,691.922.10%
2020$1,316,738.301.16%
2021$1,380,478.564.84%*
* 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 2015 * 2015 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 230.567 in the year 2015 and 265.244 in 2021:

265.244 / 230.567 * $1,200,000 = $1,380,478.56

Therefore, according to U.S. Bureau of Labor Statistics, $1,200,000 in 2015 has the same "purchasing power" as $1,380,478.56 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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