Payson, IL's Data
About Payson, IL's
Payson is a village located in Adams County, Illinois. Established in 1835, Payson has a rich history tied to the early settlement period of Illinois. Originally a farming community, the village has maintained its small-town charm while adapting to the changes over the decades. It is situated in the western part of the state, near the Mississippi River, which has historically influenced its development and local economy.
Things To Do in Payson, IL
Hike: Here are a couple of local trails to check out!
Local Attractions in Payson, IL
Payson Old Settlers Association - Hosts an annual event celebrating the village's heritage with activities and historical displays.
Siloam Springs State Park - Located nearby, offering hiking, fishing, and camping facilities in a scenic natural environment.
Fall Creek Scenic Area - A popular spot for outdoor enthusiasts featuring picturesque views and trails.
Village Park - A central community space in Payson providing recreational facilities and hosting local events.
Historic Main Street - Features a range of architecture from the early 20th century, reflecting the village's historical development.
The Economy of Payson, IL
The economy of Payson, Illinois, is primarily based on agriculture, reflecting its historical roots as a farming community. The surrounding fertile lands support corn and soybean cultivation, which are significant contributors to the local economy. Additionally, small businesses and services tailored to meet the needs of residents also play a crucial role in the economic landscape of Payson.
Payson, IL Inflation
Understanding the BLS and Inflation in Payson, IL
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Payson, 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 Payson, 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 Payson, 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 Payson, 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 Payson, IL
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