Dearborn, MI's Data
About Dearborn, MI's
Dearborn, located in the state of Michigan, is a city of rich historical significance and vibrant cultural diversity. Founded in 1786 and later incorporated as a city in 1929, it is part of the Detroit metropolitan area. Dearborn is famously known as the hometown of Henry Ford and the headquarters of the Ford Motor Company, which has shaped much of its identity and development. The city's history is deeply intertwined with the automotive industry, and it has a significant Arab-American population, which has influenced its culture and community.
Things To Do in Dearborn, MI
Hike: Here are a couple of local trails to check out!
Local Attractions in Dearborn, MI
The Henry Ford Museum - A large indoor and outdoor history museum complex and a National Historic Landmark.
Greenfield Village - Part of The Henry Ford Museum, it offers visitors a chance to experience America's history through a vast outdoor living history museum.
Ford Rouge Factory Tour - An opportunity to see the operational Ford assembly plant, showcasing the modern innovations in American car manufacturing.
Arab American National Museum - The first museum in the world devoted to Arab American history and culture.
Fair Lane - The estate of Henry Ford and his wife Clara, reflecting early 20th-century innovation and design.
The Economy of Dearborn, MI
The economy of Dearborn is heavily influenced by the automotive industry, primarily through the Ford Motor Company, which remains a major employer and economic driver in the city. In addition to automotive manufacturing, Dearborn has a growing education sector, represented by institutions such as the University of Michigan-Dearborn and Henry Ford College. The city also benefits from its healthcare sector and various small businesses that cater to its diverse population. In recent years, there has been an increase in retail and hospitality services, reflecting its cultural diversity and tourism.
Dearborn, MI Inflation
Understanding the BLS and Inflation in Dearborn, MI
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Dearborn, MI. 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 Dearborn, MI understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Dearborn, MI 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 Dearborn, MI 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 Dearborn, MI
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