Ironwood, MI's Data
About Ironwood, MI's
Ironwood is a city located in Gogebic County in the Upper Peninsula of the state of Michigan. Nestled near the Wisconsin border and the shores of Lake Superior, Ironwood was founded in the late 19th century during the boom of the iron mining industry, which the city is named after. Its rich history is closely tied to the mining and logging industries, which shaped its development and cultural heritage. Ironwood is also known for its dramatic natural surroundings, including dense forests and the nearby Porcupine Mountains.
Things To Do in Ironwood, MI
Hike: Here are a couple of local trails to check out!
Local Attractions in Ironwood, MI
Hiawatha, the World's Largest Indian Statue - A towering fiberglass statue celebrating the local Native American heritage.
Ironwood Historic Depot Park - A restored train depot that now serves as a museum showcasing the city's railroading and mining past.
Ottawa National Forest - Offers extensive trails for hiking, biking, and winter sports, highlighting the area's natural beauty.
Copper Peak - The world's largest ski flying hill and an all-seasons adventure park.
Gogebic Community College's Lindquist Center - Hosts cultural and educational events, adding to the local community's vibrancy.
The Economy of Ironwood, MI
The economy of Ironwood has historically been anchored by the mining and timber industries, although these sectors have declined over the past decades. Today, the local economy is supported by a mix of services, retail, and tourism, with outdoor recreational activities playing a significant role. The presence of the Gogebic Community College also contributes to the educational and economic landscape. The city has been working on revitalizing its downtown area to attract new businesses and tourists.
Ironwood, MI Inflation
Understanding the BLS and Inflation in Ironwood, MI
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Ironwood, 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 Ironwood, 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 Ironwood, 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 Ironwood, 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 Ironwood, MI
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