Ely, IA's Data
About Ely, IA's
Ely is a small city located in Linn County, Iowa, United States. Established in 1880, Ely is part of the Cedar Rapids Metropolitan Statistical Area. The city's development was significantly influenced by its proximity to Cedar Rapids and the presence of the Burlington, Cedar Rapids and Northern Railway. Ely's rich history and strategic location have shaped its community and lifestyle, making it a charming blend of historical and modern influences.
Things To Do in Ely, IA
Hike: Here are a couple of local trails to check out!
Local Attractions in Ely, IA
Hoover Nature Trail - A scenic trail ideal for walking, biking, and enjoying the natural beauty of the area.
Ely City Park - Offers recreational facilities including a playground, picnic areas, and sports fields.
Dows Street Historic District - Features a collection of well-preserved buildings showcasing early 20th-century architecture.
Palisades-Kepler State Park - Located nearby, providing opportunities for hiking, fishing, and camping along the Cedar River.
Ely Fall Fest - An annual festival celebrating the community with events, food, and entertainment.
The Economy of Ely, IA
Ely's economy is primarily driven by local businesses and agriculture, benefiting from its location near larger urban centers like Cedar Rapids. The city's economic landscape includes small businesses, service providers, and a notable presence of agricultural activities. The proximity to major highways and cities also facilitates a commuter-based workforce, with many residents working in larger nearby cities while residing in Ely.
Ely, IA Inflation
Understanding the BLS and Inflation in Ely, IA
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Ely, IA. 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 Ely, IA understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Ely, IA 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 Ely, IA 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 Ely, IA
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