Farmington Hills, MI's Data
About Farmington Hills, MI's
Farmington Hills, located in Oakland County in the southeastern part of Michigan, is a prosperous suburb of Metro Detroit. The city was incorporated in 1973, formed from the remnants of Farmington Township. It boasts a rich history, with roots tracing back to its original settlement in 1824. Farmington Hills is known for its excellent public services, high-quality schools, and well-maintained parklands, making it a desirable residential area.
City: Farmington Hills
State: Michigan
Country: United States
Population: 81482
Number of Ongoing Class I Recalls: 0
Number of Ongoing Class II Recalls: 0
Number of Ongoing Class III Recalls: 0
Company With Most Recalls: No Recalls
Things To Do in Farmington Hills, MI
Hike: Here are a couple of local trails to check out!
Local Attractions in Farmington Hills, MI
Heritage Park - A 211-acre park offering nature trails, picnic areas, and historical buildings.
Holocaust Memorial Center - The first freestanding museum dedicated to the Holocaust in the United States.
Marvin's Marvelous Mechanical Museum - Features a vast collection of coin-operated animatronic dummies and arcade games.
Longacre House - A historic home available for private rentals and community events.
Farmington Hills Golf Club - An 18-hole championship golf course open to the public.
The Economy of Farmington Hills, MI
The economy of Farmington Hills is diverse, with significant contributions from various sectors including automotive, finance, and insurance. The presence of major corporations such as Nissan Technical Center and Hitachi Automotive Systems Americas enhances its economic landscape. The city also benefits from its proximity to Detroit, leveraging the larger city's industrial base and workforce. Additionally, Farmington Hills has a strong retail sector and a growing number of technology firms.
Farmington Hills, MI Inflation
Understanding the BLS and Inflation in Farmington Hills, MI
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Farmington Hills, 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 Farmington Hills, 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 Farmington Hills, 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 Farmington Hills, 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 Farmington hills, MI
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