Vance, AL's Data
About Vance, AL's
Vance, Alabama, is a small town located in Tuscaloosa County, known primarily for its strategic location between Tuscaloosa and Birmingham. Incorporated on April 6, 1972, Vance has evolved from a quiet community to a key player in the regional economy, thanks to significant industrial developments. It is part of the Birmingham-Hoover-Tuscaloosa combined statistical area, which enhances its connectivity and economic interactions with larger cities nearby.
Things To Do in Vance, AL
Hike: Here are a couple of local trails to check out!
Local Attractions in Vance, AL
Mercedes-Benz Visitor Center - Offers tours and exhibits related to the car manufacturing process at the Mercedes-Benz plant.
Tannehill Ironworks Historical State Park - A nearby park featuring a historic iron furnace, museum, and hiking trails.
Hurricane Creek Park - Known for its scenic trails and outdoor recreational opportunities.
Bama Belle Riverboat - Provides river cruises, offering a unique view of the surrounding areas including Tuscaloosa.
Capitol Park - Historic site in nearby Tuscaloosa, featuring ruins of the Alabama state capitol building from the 1820s.
The Economy of Vance, AL
The economy of Vance is heavily influenced by the automotive industry, with the Mercedes-Benz U.S. International assembly plant being the most prominent economic driver. This facility not only provides thousands of jobs to the region but also attracts a network of suppliers and related businesses, bolstering the local economy. The presence of this plant has led to significant economic growth in Vance and has transformed it into a hub for automobile manufacturing in Alabama.
Vance, AL Inflation
Understanding the BLS and Inflation in Vance, AL
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Vance, 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 Vance, 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 Vance, 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 Vance, 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 Vance, AL
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