Oak Park, MI's Data
About Oak Park, MI's
Oak Park is a city located in south Oakland County in the U.S. state of Michigan. It is a suburb of Detroit and is part of the metropolitan Detroit area. Established in 1945, Oak Park grew rapidly in the post-World War II era, providing housing and services to a burgeoning population. The city is known for its diverse community and has been recognized for its initiatives in sustainability and environmental conservation.
Things To Do in Oak Park, MI
Hike: Here are a couple of local trails to check out!
Local Attractions in Oak Park, MI
David H. Shepherd Park - A central recreational area with sports facilities, a splash pad, and community events.
Oak Park Public Library - Offers extensive resources and programming that cater to the educational needs of the community.
Pepper Park - Known for its family-friendly environment, playgrounds, and walking paths.
Nine Mile Redesign Project - An urban renewal initiative that aims to transform the streetscape and improve pedestrian accessibility.
Oak Park Summer Fest - An annual event featuring live music, food, and entertainment that showcases local talent and community spirit.
The Economy of Oak Park, MI
The economy of Oak Park is primarily driven by a mix of retail, manufacturing, and service industries. The city benefits from its proximity to Detroit, leveraging the larger city's industrial base and economic activities. Local government efforts in economic development have focused on revitalizing commercial areas and attracting new businesses to enhance the city's economic landscape.
Oak Park, MI Inflation
Understanding the BLS and Inflation in Oak Park, MI
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Oak Park, 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 Oak Park, 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 Oak Park, 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 Oak Park, 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 Oak park, MI
No results found. Please try another search.
Brought to you by
