Milford, MI's Data
About Milford, MI's
Milford Village, located in Oakland County, Michigan, is a charming and historic community nestled in the southeastern part of the state. Established in 1832, Milford has maintained much of its 19th-century architecture, giving it a quaint and picturesque atmosphere. The village is strategically situated near major metropolitan areas like Detroit, providing residents with a serene living environment that is still close to urban amenities. It is known for its vibrant community life and its commitment to preserving natural landscapes.
Things To Do in Milford, MI
Hike: Here are a couple of local trails to check out!
Local Attractions in Milford, MI
Kensington Metropark - A vast park offering hiking, biking, a nature center, and water activities on Kent Lake.
Central Park - Located in the heart of the village, this park features a playground, picnic areas, and scenic walking paths along the Huron River.
Milford Historical Museum - Showcases artifacts and exhibits detailing the rich history of Milford Village and the surrounding area.
Maple Beach - A popular spot within Kensington Metropark, ideal for swimming and picnicking during the summer months.
Possum Hollow Trail - A well-maintained trail perfect for biking and walking, offering beautiful views of the natural landscape.
The Economy of Milford, MI
The economy of Milford Village is diverse, with a blend of local businesses, retail shops, and service providers supporting the local community. The presence of several manufacturing firms, tech companies, and health care services contributes significantly to the local economy. Additionally, Milford benefits from tourism, especially drawn by its historic downtown and outdoor recreational activities. The village's economic landscape is bolstered by its proximity to larger cities, which provides additional employment opportunities for residents.
Milford, MI Inflation
Understanding the BLS and Inflation in Milford, MI
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Milford, 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 Milford, 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 Milford, 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 Milford, 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 Milford, MI
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