Ontonagon, MI's Data
About Ontonagon, MI's
Ontonagon is a village located in the Upper Peninsula of Michigan, USA, primarily known for its historical significance in the copper mining industry. Nestled on the southern shore of Lake Superior, it serves as the county seat of Ontonagon County. The village was founded in the mid-19th century and quickly became a hub for copper mining, which played a pivotal role in its early growth and development. The area is rich in natural beauty and is part of the larger Lake Superior watershed.
Things To Do in Ontonagon, MI
Hike: Here are a couple of local trails to check out!
Local Attractions in Ontonagon, MI
Porcupine Mountains Wilderness State Park - A vast park offering hiking, skiing, and camping, known for its scenic vistas and old-growth forests.
Ontonagon Lighthouse - Historic lighthouse offering guided tours, providing insights into the maritime history of the region.
Bond Falls - A stunning waterfall located nearby, popular for its picturesque views and accessibility for visitors.
Ontonagon County Historical Museum - Museum detailing the rich history of Ontonagon, including its mining and cultural heritage.
Lake Superior Shoreline - Offers beautiful beaches and opportunities for boating, fishing, and other water-related activities.
The Economy of Ontonagon, MI
The economy of Ontonagon has historically been anchored by the mining industry, particularly copper mining. However, as the mines have closed over the years, the local economy has diversified. Today, it includes sectors such as tourism, manufacturing, and forestry. The presence of the Ottawa National Forest nearby has also helped in sustaining a forestry-based industry. Tourism, driven by the natural landscapes and outdoor recreational activities, plays a significant role in the local economy.
Ontonagon, MI Inflation
Understanding the BLS and Inflation in Ontonagon, MI
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Ontonagon, 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 Ontonagon, 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 Ontonagon, 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 Ontonagon, 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 Ontonagon, MI
No results found. Please try another search.
Brought to you by
