Wells, MN's Data
About Wells, MN's
Wells is a charming city located in Faribault County, Minnesota. Established in 1869 and incorporated in 1873, Wells is named after J.W. Wells, a railroad official. The city is historically significant for its role in the development of the railroad and agricultural sectors in southern Minnesota. Wells has maintained its small-town feel while serving as a hub for local commerce and community activities.
Things To Do in Wells, MN
Hike: Here are a couple of local trails to check out!
Local Attractions in Wells, MN
Depot Museum - Showcases local history and railroad heritage.
Half Moon Park - Offers recreational activities with a playground and picnic areas.
Wells Golf Club - A 9-hole golf course providing a scenic and challenging experience for golfers.
Wells Veterans Memorial - Honors the service of local veterans through a dedicated monument.
Broadway Street - Features a variety of local shops and dining options, reflecting the community's small-town charm.
The Economy of Wells, MN
The economy of Wells is primarily driven by agriculture, with corn, soybeans, and livestock being predominant. The city has also diversified its economic base to include manufacturing, retail, and services. Local businesses and industries benefit from the city's strategic location near major highways, which facilitates trade and transportation.
Wells, MN Inflation
Understanding the BLS and Inflation in Wells, MN
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Wells, 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 Wells, 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 Wells, 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 Wells, 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 Wells, MN
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