Franklin, MI's Data
About Franklin, MI's
Franklin Village, often referred to simply as Franklin, is a historic and affluent community in Oakland County, Michigan. Established in 1825, the village is known for its scenic charm, large estate-sized lots, and a quaint downtown area that features a historic district with buildings dating back to the 1830s. Franklin's history is rooted in its early development as a farming community, and it has maintained a rural atmosphere despite its proximity to Detroit.
Things To Do in Franklin, MI
Hike: Here are a couple of local trails to check out!
Local Attractions in Franklin, MI
Franklin Cider Mill - A historic cider mill famous for its fresh apple cider and doughnuts, operating since 1837.
Franklin Village Historic District - Offers a glimpse into 19th-century architecture with well-preserved buildings and homes.
Kreger Farm - A historic farm offering community events and a glimpse into the agricultural heritage of Franklin.
Franklin Community Park - A local park providing recreational facilities and hosting annual community events like the Franklin Labor Day Roundup.
The Village Boutique - A local shopping destination offering unique gifts, clothing, and accessories in the heart of Franklin.
The Economy of Franklin, MI
The economy of Franklin Village is primarily driven by residential living and local businesses. The village's affluence is reflected in the high property values and the socioeconomic status of its residents. Local businesses in the downtown area cater to the needs of the community, including boutique shops, services, and dining options. The economic atmosphere is bolstered by its designation as a historic district, which attracts visitors and preserves the community's unique character.
Franklin, MI Inflation
Understanding the BLS and Inflation in Franklin, MI
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Franklin, 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 Franklin, 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 Franklin, 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 Franklin, 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 Franklin, MI
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