Ely, MN's Data
About Ely, MN's
Ely is a city located in Saint Louis County, Minnesota, known for its rich history and proximity to the Boundary Waters Canoe Area Wilderness (BWCAW). Established in 1888, Ely was originally a mining town, with iron ore being the primary resource driving its early economy. Over time, it transitioned into a gateway for outdoor enthusiasts and tourists seeking the natural beauty and recreational opportunities offered by the surrounding lakes and forests.
Things To Do in Ely, MN
Hike: Here are a couple of local trails to check out!
Local Attractions in Ely, MN
Boundary Waters Canoe Area Wilderness - A vast wilderness area offering canoeing, camping, and fishing.
International Wolf Center - An educational center focused on the conservation of wolves and their habitats.
North American Bear Center - Provides visitors with insights into the lives of black bears and their ecosystem.
Dorothy Molter Museum - Celebrates the life of Dorothy Molter, the last resident of the Boundary Waters.
Soudan Underground Mine State Park - Features tours of Minnesota's oldest iron ore mine.
The Economy of Ely, MN
Today, Ely's economy is primarily driven by tourism, especially related to outdoor activities such as canoeing, fishing, and camping in the BWCAW. Local businesses cater to seasonal tourists with a variety of services including outfitting, guiding, lodging, and retail. Additionally, Ely is home to small manufacturers and craftspeople, and the city has seen growth in the arts and cultural sectors, enhancing its appeal as a tourist destination.
Ely, MN Inflation
Understanding the BLS and Inflation in Ely, MN
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Ely, 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 Ely, 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 Ely, 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 Ely, 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 Ely, MN
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