Owatonna, MN's Data
About Owatonna, MN's
Owatonna, located in Steele County, Minnesota, serves as the county seat and is a key hub in the region. Founded in 1854, the city's development was significantly boosted by the arrival of the railroad in 1865. Owatonna is known for its rich architectural heritage, including the National Farmers' Bank building designed by Louis Sullivan, a notable figure in the Prairie School movement. The city's name is derived from the Dakota word for 'straight', referring to the Straight River on which the city is situated.
Things To Do in Owatonna, MN
Hike: Here are a couple of local trails to check out!
Local Attractions in Owatonna, MN
National Farmers' Bank - An architectural landmark designed by Louis Sullivan, showcasing early 20th-century design.
Village of Yesteryear - A collection of 19 historic buildings demonstrating local life in the 19th century.
Kaplan's Woods Parkway - Offers numerous trails for hiking, biking, and nature observation.
Steele County History Center - Displays extensive exhibits on the county's history and culture.
Lake Kohlmier - A popular spot for swimming, boating, and fishing, providing recreational opportunities for residents and visitors.
The Economy of Owatonna, MN
Owatonna's economy is diverse, with strong influences from manufacturing, retail, and healthcare sectors. Major employers include Federated Insurance, Viracon, which is a leading architectural glass manufacturer, and Wenger Corporation, known for its music-related equipment. The city has also seen growth in its retail and service sectors, largely supported by its strategic location along Interstate 35, facilitating trade and logistics operations.
Owatonna, MN Inflation
Understanding the BLS and Inflation in Owatonna, MN
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Owatonna, 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 Owatonna, 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 Owatonna, 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 Owatonna, 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 Owatonna, MN
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