Fairmont, MN's Data
About Fairmont, MN's
Fairmont, known as the 'City of Lakes,' is located in Martin County, Minnesota. Established in 1857, the city has a rich history tied to its agricultural roots and strategic location near several major lakes, including George Lake and Sisseton Lake. Fairmont has evolved from a small farming community into a regional hub for commerce and recreation, maintaining its picturesque charm and fostering a strong community spirit.
Things To Do in Fairmont, MN
Hike: Here are a couple of local trails to check out!
Local Attractions in Fairmont, MN
Fairmont Aquatic Park - A popular destination for families offering pools, slides, and water play areas.
Cedar Creek Park - Known for its scenic walking trails and picnic spots amidst natural landscapes.
Fairmont Opera House - A historic venue hosting performances and cultural events, reflecting the city's rich artistic heritage.
Ward Park - Offers sports facilities, a public beach, and access to Lake Sisseton for boating and fishing.
Martin County Historical Society - Preserves and showcases the history of Fairmont and the surrounding area through exhibits and collections.
The Economy of Fairmont, MN
The economy of Fairmont is primarily driven by agriculture, manufacturing, and healthcare. The city benefits from its agricultural heritage, with corn, soybeans, and livestock being significant contributors to the local economy. Manufacturing also plays a crucial role, with several companies based in Fairmont producing a range of products from industrial equipment to processed foods. The healthcare sector is anchored by the Fairmont Medical Center, which provides employment and comprehensive healthcare services to the region.
Fairmont, MN Inflation
Understanding the BLS and Inflation in Fairmont, MN
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Fairmont, 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 Fairmont, 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 Fairmont, 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 Fairmont, 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 Fairmont, MN
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