Rochester, MN's Data
About Rochester, MN's
Rochester, Minnesota, is a city renowned for its robust healthcare industry and as the home of the world-famous Mayo Clinic. Founded in 1854, Rochester has grown significantly from a stagecoach stop between Saint Paul, Minnesota, and Dubuque, Iowa. It is strategically located in the southeastern part of the state, making it a central hub for research, medicine, and education. The city's development has been largely influenced by the Mayo Clinic, which has propelled Rochester into a position of global significance in medical research and patient care.
Things To Do in Rochester, MN
Hike: Here are a couple of local trails to check out!
Local Attractions in Rochester, MN
Mayo Clinic - Not just a medical facility, but also a historical center with exhibits on medical history.
Plummer Building - Historic building known for its distinct architecture and role in the early days of the Mayo Clinic.
Silver Lake Park - A popular outdoor destination for boating, picnicking, and walking trails.
Quarry Hill Nature Center - Offers hiking, biking, and educational programs about local wildlife and natural history.
Rochester Art Center - Features contemporary art exhibitions and educational programs.
The Economy of Rochester, MN
The economy of Rochester is heavily anchored by the healthcare sector, with the Mayo Clinic serving as the city's largest employer and a world leader in medical research and education. This concentration in healthcare has spurred growth in biotechnology and medical research industries, attracting numerous related businesses and fostering a robust job market in these fields. Additionally, IBM has a significant presence in the city, contributing to a strong technology sector. The city's economy is characterized by a high degree of innovation and collaboration between the public and private sectors.
Rochester, MN Inflation
Understanding the BLS and Inflation in Rochester, MN
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Rochester, 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 Rochester, 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 Rochester, 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 Rochester, 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 Rochester, MN
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