Milford, DE's Data
About Milford, DE's
Milford, located in both Kent and Sussex counties in Delaware, is a city rich in heritage and characterized by its unique position along the Mispillion River. The city's history dates back to 1680 when it was first settled by the English. Milford grew significantly due to shipbuilding and its strategic location on the river, which facilitated trade and transportation. Today, it serves as a bridge between southern and central Delaware, blending historic charm with modern amenities.
Things To Do in Milford, DE
Hike: Here are a couple of local trails to check out!
Local Attractions in Milford, DE
Abbott's Mill Nature Center - A historic site featuring an operational gristmill, nature trails, and environmental education programs.
Downtown Milford - Known for its charming streets, local shops, and the Riverwalk, which highlights the city's natural beauty and history.
Mispillion River Brewing - A popular local brewery offering craft beers with a focus on community engagement and innovative brewing techniques.
Milford Museum - Exhibits focus on Milford's cultural and historical development, including its shipbuilding and agricultural past.
Second Street Players - A community theater offering a variety of performances, enriching Milford's cultural landscape.
The Economy of Milford, DE
Milford's economy has traditionally been anchored by agriculture, manufacturing, and healthcare. The presence of Bayhealth Hospital, one of the largest employers in the area, underscores the city's role as a regional healthcare hub. Additionally, Milford has seen growth in the manufacturing sector with companies like First State Manufacturing providing employment opportunities. The city also benefits from its local small businesses and retail sectors, which contribute to its economic diversity.
Milford, DE Inflation
Understanding the BLS and Inflation in Milford, DE
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Milford, DE. 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 Milford, DE understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Milford, DE 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 Milford, DE 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 Milford, DE
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