St. Louis, Missouri prices: $2,500,000 in 1997 → $4,630,234.51 in 2024

Inflation in Missouri

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Prices in St. Louis, 1997-2024 ($2,500,000)

According to the U.S. Bureau of Labor Statistics, prices in St Louis, Missouri are 85.21% higher in 2024 versus 1997 (a $2,130,234.51 difference in value).

Between 1997 and 2024: St. Louis experienced an average inflation rate of 2.31% per year. This rate of change indicates significant inflation. In other words, $2,500,000 in St. Louis in the year 1997 would cost $4,630,234.51 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.51% during this same period, inflation in St. Louis was lower.

In the year 1997: Pricing changed by 2.21%, which is below the average yearly change in St. Louis during the 1997-2024 time period. Compared to inflation for all items in 1997 (2.33%), inflation in St. Louis was lower.

Price Inflation in St Louis, Missouri since 1984

Consumer Price Index, U.S. Bureau of Labor Statistics
19851990199520002005201020152020-11357
Years with the largest changes in pricing: 2022 (7.76%), 2021 (5.54%), and 1989 (5.27%).
View price changes for other categories
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Buying power of $2,500,000.00 since 1997

Below are calculations of equivalent buying power in St. Louis, over time, for $2,500,000 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1997$2,500,000.002.21%
1998$2,526,160.891.05%
1999$2,576,847.612.01%
2000$2,665,958.143.46%
2001$2,735,448.012.61%
2002$2,764,061.481.05%
2003$2,835,186.402.57%
2004$2,948,822.764.01%
2005$3,044,473.513.24%
2006$3,099,247.871.80%
2007$3,159,442.451.94%
2008$3,248,855.462.83%
2009$3,245,127.53-0.11%
2010$3,322,220.412.38%
2011$3,429,954.223.24%
2012$3,511,568.022.38%
2013$3,563,848.921.49%
2014$3,600,670.371.03%
2015$3,586,028.45-0.41%
2016$3,614,690.970.80%
2017$3,674,738.391.66%
2018$3,741,849.251.83%
2019$3,780,035.971.02%
2020$3,808,142.580.74%
2021$4,019,293.665.54%
2022$4,331,155.987.76%
2023$4,497,743.623.85%
2024$4,630,234.512.95%*

* 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 St Louis, Missouri:

Year19841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI103.300107.100108.650112.150115.750121.850128.150132.100134.700137.450141.300145.250149.600152.900154.500157.600163.050167.300169.050173.400180.350186.200189.550193.231198.700198.472203.187209.776214.768217.965220.217219.322221.075224.747228.851231.187232.906245.820264.894275.082283.185

Adjust St. Louis prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1997 * 1997 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for St Louis, Missouri was 152.900 in the year 1997 and 283.185 in 2024:

283.185 / 152.900 * $2,500,000 = $4,630,234.51

Therefore, according to U.S. Bureau of Labor Statistics, $2,500,000 in 1997 has the same "purchasing power" as $4,630,234.51 in 2024 (in the CPI category of St Louis, Missouri).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for St Louis, Missouri in 1984. In addition to St. Louis, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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