Bannockburn, IL's Data
About Bannockburn, IL's
Bannockburn is a village located in Lake County, Illinois, part of the Chicago metropolitan area. It was established in 1929 by Scottish real estate developer William Aitken, who envisioned a community with large estates, ample green space, and a rural atmosphere, while still being close to Chicago. Bannockburn has maintained its distinctive character through careful zoning and community planning, emphasizing preservation of its wooded areas and spacious residential properties.
City: Bannockburn
State: Illinois
Country: United States
Population: 1,583
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 Bannockburn, IL
Hike: Here are a couple of local trails to check out!
Local Attractions in Bannockburn, IL
Bannockburn Green - A shopping center offering a variety of shops, restaurants, and services catering to the local community.
Florsheim Nature Preserve - A natural retreat featuring walking trails and wildlife, ideal for nature lovers and outdoor enthusiasts.
Trinity International University - Home to a picturesque campus and cultural events, contributing to the educational landscape of the village.
Bannockburn Lake - A serene lake providing scenic views and opportunities for fishing and relaxation.
Bannockburn School - Notable for its educational philosophy and community involvement, often hosting events and activities.
The Economy of Bannockburn, IL
The economy of Bannockburn is primarily driven by its residential nature, with a significant portion of its workforce commuting to Chicago and nearby suburbs for employment. The village hosts a small commercial sector, including headquarters for businesses such as Barilla America and Shure. Retail and services are concentrated in the Bannockburn Green shopping center, which provides local employment and serves as a commercial hub for residents.
Bannockburn, IL Inflation
Understanding the BLS and Inflation in Bannockburn, IL
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Bannockburn, IL. 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 Bannockburn, IL understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Bannockburn, IL 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 Bannockburn, IL 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 Bannockburn, IL
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