Fairfax, MN's Data
About Fairfax, MN's
Fairfax is a small city located in Renville County, Minnesota. Founded in the late 19th century, it has a rich history rooted in agriculture and local trade. Situated in the southern part of the state, Fairfax serves as a hub for the surrounding agricultural community, providing essential services and acting as a market town. The city's layout and infrastructure reflect its historical growth and adaptation to the needs of its residents over the decades.
Things To Do in Fairfax, MN
Hike: Here are a couple of local trails to check out!
Local Attractions in Fairfax, MN
Fort Ridgely State Park - Offers hiking, camping, and historical sites related to the U.S.-Dakota War of 1862.
Mayflower Country Club - A local golf course providing recreational opportunities for residents and visitors.
Fairfax Public Library - A resource center that hosts various community events and educational programs.
Historic Main Street - Features a collection of buildings from the early 20th century, reflecting the city's historic past.
Renville County Museum - Exhibits local history and heritage, emphasizing agricultural and pioneer life.
The Economy of Fairfax, MN
The economy of Fairfax is predominantly driven by agriculture, with corn, soybeans, and livestock forming the backbone of its economic landscape. The city benefits from its role as a service center for the local farming community, hosting agricultural services including equipment dealerships and grain handling facilities. Additionally, Fairfax supports a variety of local businesses that cater to the needs of its residents and the surrounding rural areas.
Fairfax, MN Inflation
Understanding the BLS and Inflation in Fairfax, MN
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Fairfax, 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 Fairfax, 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 Fairfax, 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 Fairfax, 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 Fairfax, MN
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