Elgin, MN's Data
About Elgin, MN's
Elgin is a small city located in Wabasha County, Minnesota, United States. Established in 1878 and incorporated in 1908, Elgin has a rich history tied to the expansion of the railroad through Minnesota. The city is situated approximately 20 miles northeast of Rochester, making it part of the greater Rochester metropolitan area. Elgin's development was significantly influenced by agriculture and the presence of the railroad, which facilitated the transport of goods and bolstered the local economy.
Things To Do in Elgin, MN
Hike: Here are a couple of local trails to check out!
Local Attractions in Elgin, MN
Elgin Historical Society Museum - Showcases local history and artifacts.
Chester Woods Park - Offers hiking, fishing, and camping just a short drive from Elgin.
Whitewater State Park - Popular for its scenic beauty, hiking trails, and trout fishing.
Zumbro River - A natural attraction for fishing, canoeing, and scenic views.
Covered Bridge Park - Features a historic covered bridge and provides picnic areas.
The Economy of Elgin, MN
Elgin's economy historically revolved around agriculture, with a particular emphasis on grain and dairy farming. In recent years, the local economy has diversified, including small manufacturing, services, and retail businesses. Proximity to Rochester has also influenced economic development, with some residents commuting to Rochester for employment, particularly in the healthcare and tech sectors.
Elgin, MN Inflation
Understanding the BLS and Inflation in Elgin, MN
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Elgin, MN. One of its key responsibilities is tracking inflation through the Consumer Price Index (CPI), which measures how the cost of everyday goods and services changes over time. Inflation can impact everything from housing prices to the cost of groceries, gas, and utilities across the area. By tracking inflation, the BLS helps people from Elgin, MN understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Elgin, MN using the CPI, highlighting how prices have changed over time. The x-axis represents time (months and years), while the y-axis represents price levels. If the graph moves upward, it means the cost of living is rising, which can affect everything from rent to gas prices. A flatter or downward trend suggests that inflation is stabilizing or decreasing. Keeping an eye on inflation is important for people from Elgin, MN when budgeting for housing, wages, and daily expenses. You can hover over the graph to see exact values for each month and check the "Most Recently Updated" label to ensure you’re viewing the latest available data.
Company Recall Data in Elgin, MN
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