Island Lake, IL's Data
About Island Lake, IL's
Island Lake is a small village located in Lake and McHenry counties in the U.S. state of Illinois. Founded in 1952, it was originally developed as a vacation area for people from Chicago looking for a tranquil escape. Over the decades, Island Lake has transformed into a residential community while maintaining its scenic charm centered around its namesake, a lake that spans approximately 79 acres.
City: Island Lake
State: Illinois
Country: United States
Population: Approximately 8,080
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 Island Lake, IL
Hike: Here are a couple of local trails to check out!
Local Attractions in Island Lake, IL
Island Lake Recreation Area - Offers outdoor activities such as fishing, boating, and hiking trails around the lake.
Veterans Memorial at Water Tower Park - A tribute to the nation's veterans, featuring a serene park setting.
Converse Park - A popular spot for family outings with facilities for sports and picnicking.
Cotton Creek Marsh Nature Preserve - A natural area that provides walking paths and wildlife viewing opportunities.
Island Lake Fest - An annual festival celebrating the community with food, games, and entertainment.
The Economy of Island Lake, IL
The economy of Island Lake is primarily driven by local businesses, including retail shops, restaurants, and service providers. The village benefits from its proximity to larger economic hubs in the Chicago metropolitan area, allowing residents to partake in broader employment opportunities while enjoying a quieter, small-town living environment. Residential development also plays a significant role in the local economy, catering to those seeking a peaceful lifestyle close to natural surroundings.
Island Lake, IL Inflation
Understanding the BLS and Inflation in Island Lake, IL
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Island Lake, 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 Island Lake, 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 Island Lake, 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 Island Lake, 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 Island lake, IL
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