Stanley, ND's Data
About Stanley, ND's
Stanley, located in Mountrail County, North Dakota, serves as the county seat and is a key community in the northwestern part of the state. Established in 1902, the city was named after a railroad official, which highlights its origins tied to the expansion of the rail network. Its strategic location has made it a regional hub, particularly with the advent of the North Dakota oil boom, which significantly influenced its development and demographics.
City: Stanley
State: North Dakota
Country: United States
Population: Approximately 2,500
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 Stanley, ND
Hike: Here are a couple of local trails to check out!
Local Attractions in Stanley, ND
Mountrail County Historical Society - Preserves and showcases the history of Stanley and surrounding areas.
Wilson Park - A popular local park offering recreational facilities and outdoor activities.
Stanley Golf Course - An 9-hole course providing golfing opportunities for residents and visitors.
Lostwood Wildlife Refuge - Located nearby, offering hiking, bird watching, and nature exploration.
Powers Lake - A scenic spot ideal for fishing, boating, and water sports, located a short drive from Stanley.
The Economy of Stanley, ND
The economy of Stanley is heavily influenced by the petroleum industry, due to its proximity to the Bakken formation, one of the largest oil developments in the United States. This has led to a surge in employment and economic activity related to energy production. Additionally, agriculture remains a significant sector, with local farms contributing to both the local and national food supply. The city has also seen growth in retail and services, catering to the increased population and transient workers associated with the oil fields.
Stanley, ND Inflation
Understanding the BLS and Inflation in Stanley, ND
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Stanley, 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 Stanley, 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 Stanley, 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 Stanley, 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 Stanley, ND
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