Milbank, SD's Data
About Milbank, SD's
Milbank is a city situated in the northeastern part of South Dakota, serving as the county seat of Grant County. Founded in the 1880s, the city was named after railroad director Jeremiah Milbank. Its establishment was closely tied to the expansion of the Chicago, Milwaukee, St. Paul and Pacific Railroad. Milbank's history is marked by its role as a regional agricultural hub, influenced by its location in the fertile plains of the Coteau des Prairies.
City: Milbank
State: South Dakota
Country: United States
Population: 3,154
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 Milbank, SD
Hike: Here are a couple of local trails to check out!
Local Attractions in Milbank, SD
Grant County Courthouse - A historic building that serves as the centerpiece of the city's governmental activities.
Big Stone Lake - A popular recreational area nearby, offering fishing, boating, and scenic views.
Milbank Train Depot Museum - Showcases local history with exhibits on the railroad era and its impact on the region.
Hartford Beach State Park - Located on Big Stone Lake, ideal for camping, hiking, and wildlife observation.
Farley Fest - An annual summer festival featuring music, food, and community activities.
The Economy of Milbank, SD
The economy of Milbank is predominantly driven by agriculture, manufacturing, and local businesses. Key industries include food processing and the production of building materials. The presence of major employers such as Valley Queen Cheese Factory, which produces a significant portion of the nation's cheese, underscores the city's role in the dairy industry. The city has also embraced economic diversification, with initiatives aimed at enhancing small business development and renewable energy projects.
Milbank, SD Inflation
Understanding the BLS and Inflation in Milbank, SD
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Milbank, SD. 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 Milbank, SD understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Milbank, SD 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 Milbank, SD 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 Milbank, SD
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