Otsego, MN's Data
About Otsego, MN's
Otsego is a city nestled in the southeastern part of Wright County, Minnesota, with a small portion extending into Sherburne County. Established along the Mississippi River, Otsego's development is closely tied to river commerce and the region's rich agricultural heritage. The city, which was incorporated in 1990, has grown significantly due to its strategic location at the confluence of major highways and its proximity to Minneapolis.
Things To Do in Otsego, MN
Hike: Here are a couple of local trails to check out!
Local Attractions in Otsego, MN
Mississippi River - Offers recreational activities and scenic views along Otsego's riverbanks.
Otsego Regional Park - A popular destination for outdoor activities including hiking, fishing, and picnicking.
Riverwood National Golf Course - A challenging 18-hole course set in a picturesque landscape.
Prairie Park - Provides sports facilities and walking trails for family-friendly recreation.
Otsego Historical Museum - Showcases local history and heritage, highlighting the city's development and cultural milestones.
The Economy of Otsego, MN
The economy of Otsego has diversified from its historical roots in agriculture to include a mix of retail, manufacturing, and service industries. The presence of major retail outlets and an expanding residential community has spurred economic growth. The city's strategic location near Minneapolis and along significant transport routes like U.S. Highway 101 and State Highway 37 supports its economic development through improved access and connectivity.
Otsego, MN Inflation
Understanding the BLS and Inflation in Otsego, MN
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Otsego, 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 Otsego, 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 Otsego, 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 Otsego, 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 Otsego, MN
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