Richwood, LA's Data
About Richwood, LA's
Richwood is a small town located in Ouachita Parish, Louisiana, United States. It is part of the Monroe Metropolitan Statistical Area. Established in the mid-20th century, Richwood has developed from a primarily rural area into a suburban community with a diverse demographic profile. The town's proximity to Monroe, the parish seat, influences its cultural and economic landscape.
Things To Do in Richwood, LA
Hike: Here are a couple of local trails to check out!
Local Attractions in Richwood, LA
Black Bayou Lake National Wildlife Refuge - A scenic area near Richwood offering wildlife observation, fishing, and hiking.
Chennault Aviation and Military Museum - Museum dedicated to preserving and promoting military history, located in nearby Monroe.
Pecanland Mall - A large shopping mall in Monroe, providing shopping and entertainment options.
Ouachita River Art Gallery - Features local artworks, located in Monroe, close to Richwood.
Louisiana Purchase Gardens and Zoo - Located in Monroe, this zoo features a variety of animals and botanical gardens.
The Economy of Richwood, LA
The economy of Richwood is closely tied to the larger Monroe metropolitan area. Key sectors include retail, healthcare, and educational services, benefitting from the spillover of economic activities from Monroe. The town has seen growth in small businesses and local services that cater to both residents and visitors. Employment opportunities in Richwood are augmented by the industrial and commercial enterprises in the surrounding areas.
Richwood, LA Inflation
Understanding the BLS and Inflation in Richwood, LA
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Richwood, LA. 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 Richwood, LA understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Richwood, LA 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 Richwood, LA 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 Richwood, LA
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