Ferndale, MI's Data
About Ferndale, MI's
Ferndale is a vibrant city located in Oakland County, Michigan, just north of Detroit. Established in the early 20th century, Ferndale quickly grew as a residential suburb with a strong community feel. Its proximity to major transportation routes contributed to its early growth and development. Today, Ferndale is known for its progressive values, diverse population, and a thriving arts scene, making it a notable example of a small, yet culturally rich urban center in the Detroit metropolitan area.
Things To Do in Ferndale, MI
Hike: Here are a couple of local trails to check out!
Local Attractions in Ferndale, MI
The Rust Belt Market - An innovative marketplace showcasing local artists, designers, and craftsmen.
Ferndale Historical Museum - Offers insights into the city's history and development through exhibits and archives.
Valentine Distilling Co. - A popular distillery known for its handcrafted spirits and engaging tours.
Go Comedy! Improv Theater - A venue for live comedy shows, fostering local talent and providing entertainment.
Wilson Park - A well-maintained public space offering recreational facilities and community events.
The Economy of Ferndale, MI
Ferndale's economy is characterized by a mix of local businesses, retail establishments, and services that cater to the needs of its residents and the surrounding communities. The city has seen a surge in small business developments, particularly in the downtown area, which features a variety of restaurants, boutiques, and creative enterprises. The presence of major roads such as the Woodward Avenue corridor facilitates commercial activity and attracts visitors, further boosting the local economy.
Ferndale, MI Inflation
Understanding the BLS and Inflation in Ferndale, MI
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Ferndale, 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 Ferndale, 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 Ferndale, 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 Ferndale, 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 Ferndale, MI
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