Lake Odessa, MI's Data
About Lake Odessa, MI's
Lake Odessa is a quaint village located in Ionia County, Michigan. Established along the shores of Jordan Lake, this village was incorporated in 1887 and has a rich history rooted in agriculture and local commerce. Its unique name, Lake Odessa, draws from the nearby natural lake and perhaps a nod to Odessa Township, reflecting its intertwined community and geographical identity.
City: Lake Odessa
State: Michigan
Country: United States
Population: Approximately 2,000 residents as of the latest data.
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 Lake Odessa, MI
Hike: Here are a couple of local trails to check out!
Local Attractions in Lake Odessa, MI
Jordan Lake - A popular spot for fishing, boating, and picnicking.
Lake Odessa Fairgrounds - Hosts annual events including the Lake Odessa Fair.
Village Park - Offers recreational facilities and a scenic environment for family outings.
Historic Downtown - Features a collection of shops and eateries in a charming setting.
Lake Odessa Area Historical Society Museum - Provides insights into the rich history of the village and surrounding area.
The Economy of Lake Odessa, MI
The economy of Lake Odessa is primarily driven by agriculture, small businesses, and local services. The village benefits from its strategic location between larger cities like Lansing and Grand Rapids, making it a supportive hub for local farmers and entrepreneurs. Retail and hospitality also contribute to the local economy, catering to both residents and visitors.
Lake Odessa, MI Inflation
Understanding the BLS and Inflation in Lake Odessa, MI
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Lake Odessa, 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 Lake Odessa, 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 Lake Odessa, 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 Lake Odessa, 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 Lake odessa, MI
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