Palos Park, IL's Data
About Palos Park, IL's
Palos Park is a village located in southwestern Cook County, Illinois, known for its scenic landscapes and affluent residential character. Established in 1914, the village is part of the Palos Township and is situated within the Chicago metropolitan area. It has a rich history tied to its development as a suburban retreat and maintains a strong community identity with an emphasis on preserving its natural surroundings and maintaining a high quality of life.
City: Palos Park
State: Illinois
Country: United States
Population: 4,899
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 Palos Park, IL
Hike: Here are a couple of local trails to check out!
Local Attractions in Palos Park, IL
McCord Gallery and Cultural Center - An art gallery and cultural center offering exhibitions, classes, and cultural events.
Palos Park Recreation Department - Provides parks and recreational facilities, organizing various community events and sports activities.
Lake Katherine Nature Center and Botanic Gardens - A 85-acre park featuring a lake, botanic gardens, and nature preserve trails.
The Center - A historic farm offering educational programs, retreats, and spiritual enrichment.
Autumn in the Park Festival - An annual festival celebrating the season with food, music, and family-friendly activities.
The Economy of Palos Park, IL
The economy of Palos Park is primarily residential with a significant emphasis on high-end housing. The village does not have a large industrial or manufacturing base but benefits from local businesses, healthcare services, and educational institutions that serve the community and surrounding areas. The real estate market plays a critical role in the local economy, characterized by higher property values and a focus on upscale living.
Palos Park, IL Inflation
Understanding the BLS and Inflation in Palos Park, IL
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Palos Park, 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 Palos Park, 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 Palos Park, 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 Palos Park, 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 Palos park, IL
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