Iron River, MI's Data
About Iron River, MI's
Iron River is a city located in the Upper Peninsula of Michigan, within Iron County. It was incorporated as a city in 1926, deriving its name from the iron ore that was the basis of its historical economic growth. Nestled among the forests and lakes, Iron River is known for its rich mining heritage and scenic natural surroundings, which contribute to its charm and appeal as a small town.
City: Iron River
State: Michigan
Country: United States
Population: Approximately 3,000
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 Iron River, MI
Hike: Here are a couple of local trails to check out!
Local Attractions in Iron River, MI
Iron County Historical Museum - Showcases local history, including mining and logging eras.
Apple Blossom Trail - A scenic trail ideal for hiking, biking, and observing local wildlife.
Ski Brule - A popular ski resort known for its well-groomed slopes and family-friendly atmosphere.
Iron River National Fish Hatchery - Focuses on the production of trout for restoration and conservation purposes.
Bates-Amasa Historical Society - Preserves and displays historical artifacts and documents of the area.
The Economy of Iron River, MI
The economy of Iron River has historically been dominated by the iron mining industry, which shaped its development and growth. Although the mining has declined, the city has diversified its economy with sectors such as retail, healthcare, and tourism playing significant roles. The natural environment supports tourism, especially for outdoor activities and events, which help drive the local economy.
Iron River, MI Inflation
Understanding the BLS and Inflation in Iron River, MI
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Iron River, 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 Iron River, 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 Iron River, 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 Iron River, 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 Iron river, MI
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