Watford City, ND's Data
About Watford City, ND's
Watford City, the county seat of McKenzie County, North Dakota, serves as a prominent hub in the western part of the state. Established in 1914, shortly before McKenzie County itself was organized, Watford City is named after Watford, Ontario, the hometown of a local Canadian-born doctor. The city has experienced significant growth due to its proximity to the Bakken formation and the resulting oil boom, which has transformed it from a quiet agricultural town into a bustling economic center.
City: Watford City
State: North Dakota
Country: United States
Population: Approximately 7,500 as of the latest estimates.
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 Watford City, ND
Hike: Here are a couple of local trails to check out!
Local Attractions in Watford City, ND
Theodore Roosevelt National Park - Offers scenic drives, wildlife viewing, and hiking trails.
Long X Trading Post Visitor Center - Serves as a cultural hub with exhibits on local history.
Pioneer Museum of McKenzie County - Features artifacts and exhibits related to regional history.
Little Missouri State Park - Known for its rugged badlands scenery and outdoor activities.
Fox Hills Golf Course - A challenging 9-hole golf course set against the picturesque North Dakota landscape.
The Economy of Watford City, ND
The economy of Watford City has been profoundly influenced by the oil industry, particularly due to its location near the Bakken shale formation. This boom has led to a surge in employment opportunities, population growth, and infrastructure development. Besides oil, 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, hospitality, and services, catering to the increased population and visitors.
Watford City, ND Inflation
Understanding the BLS and Inflation in Watford City, ND
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Watford City, 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 Watford City, 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 Watford City, 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 Watford City, 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 Watford city, ND
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