Florence, AL's Data
About Florence, AL's
Florence, located in Lauderdale County, Alabama, is a city steeped in rich historical and cultural heritage. Founded in 1818, Florence is the county seat and one of the oldest cities in Alabama. It is situated along the Tennessee River in the northwestern part of the state, making it a pivotal location in the region known as The Shoals. Florence is recognized for its historical architecture, vibrant arts scene, and its role in the development of the Muscle Shoals music industry.
Things To Do in Florence, AL
Hike: Here are a couple of local trails to check out!
Local Attractions in Florence, AL
Frank Lloyd Wright Rosenbaum House - The only Frank Lloyd Wright-designed home in Alabama, offering insight into the Usonian style architecture.
W.C. Handy Home and Museum - Birthplace of the 'Father of the Blues', featuring a collection of memorabilia and historical artifacts.
University of North Alabama - The oldest state-chartered university in Alabama, with beautiful campus grounds and historical buildings.
Muscle Shoals Sound Studio - Iconic recording studio known for its role in the development of popular music in the 1960s and 1970s.
Wilson Dam - A key feature of the Tennessee Valley Authority, significant for its role in flood control and electricity generation.
The Economy of Florence, AL
The economy of Florence is diverse, with a strong emphasis on manufacturing, healthcare, education, and retail. Major employers include the North Alabama Medical Center, the University of North Alabama, and a variety of manufacturing firms that produce a range of products from automotive parts to home furnishings. The city's economy is also bolstered by its tourism sector, driven by its rich musical heritage, historical sites, and annual cultural events.
Florence, AL Inflation
Understanding the BLS and Inflation in Florence, AL
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Florence, AL. 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 Florence, AL understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Florence, AL 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 Florence, AL 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 Florence, AL
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