Madison, MN's Data
About Madison, MN's
Madison, Minnesota, often referred to as the 'Lutefisk Capital of the USA', is a charming city located in Lac qui Parle County. Established in 1885 and incorporated as a city in 1887, Madison's roots are deeply tied to the agricultural wealth of the surrounding prairie lands. It serves as the county seat, positioning it as a central hub for administrative and civic activities in the area. The city's name was inspired by Madison, Wisconsin, through the influence of early settlers from the eastern United States.
Things To Do in Madison, MN
Hike: Here are a couple of local trails to check out!
Local Attractions in Madison, MN
Lac qui Parle County Museum - Showcases local history and heritage, with exhibits on the county's development and significant artifacts.
Madison Speedway - A popular local racetrack that hosts several auto racing events throughout the warmer months, drawing crowds from across the region.
Salt Lake - Located just west of Madison, it is one of only a few saltwater lakes in Minnesota, attracting bird watchers and nature enthusiasts.
J.F. Jacobson Park - A central recreational spot in Madison with facilities for picnics, sports, and outdoor activities.
Annual Norsefest - A festival celebrating Madison's rich Scandinavian heritage, featuring traditional foods, crafts, and cultural performances.
The Economy of Madison, MN
The economy of Madison, Minnesota, is primarily driven by agriculture, reflecting its location in one of the most fertile farming areas of the state. Key crops include corn and soybeans, supporting both local and regional food production systems. The city also benefits from small manufacturing operations and local businesses that cater to the needs of residents and the surrounding rural communities. Recent trends show a growing interest in sustainable farming and organic produce, diversifying the economic landscape of Madison.
Madison, MN Inflation
Understanding the BLS and Inflation in Madison, MN
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Madison, 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 Madison, 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 Madison, 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 Madison, 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 Madison, MN
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