Lake Forest, IL's Data
About Lake Forest, IL's
Lake Forest, Illinois, is a city located in Lake County along the shores of Lake Michigan. Founded in 1857, it is known for its preserved natural landscapes, historic architecture, and affluent residential character. The city was originally established as a planned community for Chicago's elite, and over the years, it has maintained a distinct, well-preserved character with a commitment to conservation and careful urban planning. Lake Forest is home to several educational institutions, including Lake Forest College, and is noted for its significant contributions to American industrial history.
City: Lake Forest
State: Illinois
Country: United States
Population: 19446
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 Lake Forest, IL
Hike: Here are a couple of local trails to check out!
Local Attractions in Lake Forest, IL
Lake Forest Beach - A scenic beach offering swimming and boating opportunities on Lake Michigan.
Market Square - Designed by architect Howard Van Doren Shaw, this is one of the country's earliest planned shopping centers, featuring unique boutiques and eateries.
Elawa Farm - A restored early-20th-century farm complex, now serving as a community center with gardens, a wildlife habitat, and farmer's market.
Ragdale Foundation - A historic artists' community offering residencies, tours, and public programs in a pastoral setting.
Fort Sheridan Forest Preserve - A nature preserve with trails, bird watching, and historical military structures, located just north of Lake Forest.
The Economy of Lake Forest, IL
The economy of Lake Forest is predominantly based on finance, insurance, real estate, and professional services. It hosts the headquarters of several major corporations, including Tenneco and Brunswick Corporation, which play a pivotal role in driving the local economy. The presence of these companies along with a variety of small businesses and boutique shops supports the city's economic stability. Additionally, the high property values and affluent population contribute to a strong local economy characterized by high consumer spending.
Lake Forest, IL Inflation
Understanding the BLS and Inflation in Lake Forest, IL
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Lake Forest, 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 Lake Forest, 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 Lake Forest, 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 Lake Forest, 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 Lake forest, IL
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