Lakewood, IL's Data
About Lakewood, IL's
Lakewood Village, Illinois, is a small, picturesque community located in McHenry County. Known for its serene landscapes and residential appeal, the village is part of the Chicago metropolitan area. Established primarily as a residential area, Lakewood Village boasts a high quality of life with its well-planned neighborhoods and emphasis on family values. The village's history is tied to the development of the surrounding region as a suburban retreat for those seeking respite from the bustling city of Chicago.
Things To Do in Lakewood, IL
Hike: Here are a couple of local trails to check out!
Local Attractions in Lakewood, IL
Turnberry Country Club - A premier private golf club offering a challenging course and elegant clubhouse.
RedTail Golf Club - A popular public golf course known for its well-maintained greens and fairways.
Gateway Park - A local park with playgrounds, walking trails, and picnic areas, ideal for family outings.
Lakewood Dog Park - A dedicated area for dog owners to enjoy outdoor activities with their pets.
The Lake in Lakewood - A scenic lake that offers recreational fishing and serene views, perfect for relaxation.
The Economy of Lakewood, IL
The economy of Lakewood Village is predominantly driven by local businesses and the service sector, catering largely to the needs of its residents and the nearby communities. Real estate plays a significant role in the village's economy, supported by the area's attractive housing and peaceful environment. Additionally, many residents commute to jobs in the greater Chicago area, which impacts the local economic landscape by integrating it with the broader metropolitan economy.
Lakewood, IL Inflation
Understanding the BLS and Inflation in Lakewood, IL
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Lakewood, 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 Lakewood, 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 Lakewood, 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 Lakewood, 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 Lakewood, IL
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