Phoenix, IL's Data
About Phoenix, IL's
Phoenix, Illinois, is a small village located in Cook County, part of the Chicago metropolitan area. Incorporated in 1900, Phoenix has a rich history tied closely to the development of the industrial sectors in the Chicago region. This village, though small, serves as a residential community with close ties to larger economic hubs in the area.
Things To Do in Phoenix, IL
Hike: Here are a couple of local trails to check out!
Local Attractions in Phoenix, IL
Sand Ridge Nature Center - Offers trails, educational exhibits, and programs about the natural and cultural heritage of the area.
River Oaks Center - A large shopping mall located nearby, providing shopping and dining options.
Wampum Lake - A popular spot for fishing, picnicking, and outdoor recreation.
Hoosier Prairie State Nature Preserve - A natural area that showcases prairie ecosystems and offers hiking trails.
Markham Prairie Nature Preserve - Known for its diverse range of flora and fauna, providing opportunities for nature walks and wildlife observation.
The Economy of Phoenix, IL
The economy of Phoenix, IL, is primarily driven by its proximity to Chicago, allowing residents to partake in the diverse economic opportunities available in the larger city. The local economy benefits from sectors such as retail, services, and manufacturing, with many residents commuting to nearby towns and cities for employment.
Phoenix, IL Inflation
Understanding the BLS and Inflation in Phoenix, IL
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Phoenix, 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 Phoenix, 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 Phoenix, 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 Phoenix, 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 Phoenix, IL
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