Mount Prospect, IL's Data
About Mount Prospect, IL's
Mount Prospect is a village located in Cook County, Illinois, part of the Chicago metropolitan area. Established in 1917, the village has grown from a rural farming community into a thriving suburban center. It is situated approximately 22 miles northwest of downtown Chicago, making it a strategic location for both residential and commercial developments. Mount Prospect is known for its well-planned neighborhoods and a strong sense of community, with a rich history reflected in its diverse architecture and local heritage sites.
City: Mount Prospect
State: Illinois
Country: United States
Population: 54167
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 Mount Prospect, IL
Hike: Here are a couple of local trails to check out!
Local Attractions in Mount Prospect, IL
Randhurst Village - A large shopping center that was the first enclosed mall in the Chicago area, now redeveloped into a mixed-use complex.
Mount Prospect Historical Society - Offers insights into the local history with preserved buildings and exhibits.
Prospect Heights Park District - Features recreational facilities, parks, and programs for community engagement.
River Trails Park District - Provides various outdoor activities including biking, hiking, and sports facilities.
Central Continental Bakery - Famous for its wide variety of baked goods and has been a local staple for many years.
The Economy of Mount Prospect, IL
The economy of Mount Prospect is diverse, with a mix of retail, manufacturing, and service industries. Major shopping centers like Randhurst Village provide a substantial amount of local employment and serve as a retail hub for the area. The village also hosts various small and medium-sized enterprises that contribute to its economic stability. Additionally, its proximity to Chicago's O'Hare International Airport and major highways supports local businesses and facilitates connectivity and trade.
Mount Prospect, IL Inflation
Understanding the BLS and Inflation in Mount Prospect, IL
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Mount Prospect, 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 Mount Prospect, 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 Mount Prospect, 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 Mount Prospect, 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 Mount prospect, IL
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