Taylor, MI's Data
About Taylor, MI's
Taylor, Michigan, is a vibrant city located in Wayne County, part of the Detroit metropolitan area. Established in 1847 and named after President Zachary Taylor, the city has grown into a suburban community with a rich history and diverse cultural background. Taylor is strategically positioned near major transportation routes, enhancing its accessibility and economic prospects.
Things To Do in Taylor, MI
Hike: Here are a couple of local trails to check out!
Local Attractions in Taylor, MI
Heritage Park - A large community park offering historical buildings, walking paths, and recreational facilities.
Southland Center - A major shopping mall with a variety of retail stores and dining options.
Taylor Sportsplex - An indoor sports facility hosting a range of sports events and leagues.
Lakes of Taylor Golf Club - A well-maintained golf course known for its scenic beauty and challenging play.
Petting Farm at Domino's Farms - A family-friendly attraction featuring a variety of farm animals and educational programs.
The Economy of Taylor, MI
Taylor's economy has historically been anchored by manufacturing, reflecting the broader industrial base of the Detroit region. In recent years, retail and health care have also become significant contributors to the local economy. The city hosts several shopping centers and medical facilities, providing employment and services to the community. The presence of the Detroit Metropolitan Airport nearby also supports local businesses and logistics operations.
Taylor, MI Inflation
Understanding the BLS and Inflation in Taylor, MI
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Taylor, 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 Taylor, 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 Taylor, 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 Taylor, 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 Taylor, MI
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