Minot, ND's Data
About Minot, ND's
Minot, known as the 'Magic City', is a vibrant city in north-central North Dakota, founded in 1886 during the construction of the Great Northern Railway. The city's nickname stems from its remarkably quick growth in its early years. Minot is strategically located at the Drift Prairie region of North Dakota and serves as a trading and cultural hub for the region. The city is also noted for its significant Scandinavian heritage, which is celebrated annually at the Norsk Høstfest.
City: Minot
State: North Dakota
Country: United States
Population: 47370
Number of Ongoing Class I Recalls: 0
Number of Ongoing Class II Recalls: 0
Number of Ongoing Class III Recalls: 0
Company With Most Recalls: No Recalls
Things To Do in Minot, ND
Hike: Here are a couple of local trails to check out!
Local Attractions in Minot, ND
Scandinavian Heritage Park - A unique park that celebrates the cultural influences of Scandinavian countries on North Dakota.
Dakota Territory Air Museum - Features aircraft and exhibits detailing aviation history, particularly that of the northern plains.
Roosevelt Park Zoo - Offers a variety of native and exotic animals, with a focus on conservation and education.
Norsk Høstfest - An annual festival that is one of North America's largest Scandinavian festivals, celebrating Minot's cultural heritage.
North Dakota State Fair - Held annually in Minot, featuring large concerts, rides, and agricultural exhibits.
The Economy of Minot, ND
Minot's economy is diverse, with key sectors including agriculture, health care, education, and the military. The presence of Minot Air Force Base nearby is a major economic stabilizer and provides numerous jobs to the community. Retail and services also play significant roles, supported by the Minot's status as a regional shopping destination. Additionally, the oil boom in the Bakken formation has spurred economic growth and increased employment opportunities in the area.
Minot, ND Inflation
Understanding the BLS and Inflation in Minot, ND
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Minot, ND. 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 Minot, ND understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Minot, ND 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 Minot, ND 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 Minot, ND
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