Shorewood, MN's Data
About Shorewood, MN's
Shorewood, Minnesota, is a serene suburb located on the southern shore of Lake Minnetonka, approximately 15 miles west of downtown Minneapolis. Incorporated in 1956, Shorewood originally developed as a summer retreat area and has evolved into a desirable residential community. The city's rich history is linked to Lake Minnetonka, which has been a focal point for tourism and recreation since the 19th century. Shorewood is characterized by its lush landscapes, extensive parks, and upscale residential properties.
Things To Do in Shorewood, MN
Hike: Here are a couple of local trails to check out!
Local Attractions in Shorewood, MN
Freeman Park - A popular local park offering sports fields, playgrounds, and walking trails.
Manor Park - Nestled on the shores of Lake Minnetonka, providing scenic views and water-based activities.
Badger Park - Features a disc golf course and ample green space for outdoor recreation.
Crescent Beach - A small, charming beach ideal for relaxation and lakeside picnics.
Shorewood Yacht Club - Offers boating amenities and hosts events, enhancing the city's maritime culture.
The Economy of Shorewood, MN
The economy of Shorewood is primarily driven by residential development and local services catering to the needs of its inhabitants. The city benefits economically from its proximity to the larger Minneapolis metropolitan area, which provides employment opportunities in various sectors including finance, healthcare, and technology. Local businesses in Shorewood typically include retail shops, restaurants, and small enterprises, which contribute to the community's economic stability and growth.
Shorewood, MN Inflation
Understanding the BLS and Inflation in Shorewood, MN
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Shorewood, 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 Shorewood, 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 Shorewood, 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 Shorewood, 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 Shorewood, MN
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