Woodhaven, MI's Data
About Woodhaven, MI's
Woodhaven, Michigan is a vibrant city located in Wayne County, part of the Detroit metropolitan area. Established as a village in 1961 and later as a city in 1965, Woodhaven has grown into a suburban community with a rich blend of residential and commercial developments. Its strategic location near major transportation routes like Interstate 75 has played a significant role in its development and accessibility.
Things To Do in Woodhaven, MI
Hike: Here are a couple of local trails to check out!
Local Attractions in Woodhaven, MI
Woodhaven Lakes - A scenic spot offering outdoor recreation and relaxation.
Emagine Woodhaven - A popular movie theater providing state-of-the-art viewing experiences.
Civic Center Park - A central community space with facilities for sports, gatherings, and public events.
Oakwoods Metropark - Part of the Huron-Clinton Metroparks system, offering hiking, bird-watching, and nature study.
Woodhaven Historical Museum - Showcasing local history and heritage through exhibits and artifacts.
The Economy of Woodhaven, MI
The economy of Woodhaven is diversified, with a strong presence of retail, manufacturing, and service industries. One of the key economic drivers is the automotive industry, reflecting the region's historical connection to automobile manufacturing. The city is home to several major shopping centers and car dealerships, which provide employment and stimulate local economic activity. Additionally, Woodhaven benefits from its proximity to Detroit, leveraging the larger city's economic resources and workforce.
Woodhaven, MI Inflation
Understanding the BLS and Inflation in Woodhaven, MI
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Woodhaven, 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 Woodhaven, 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 Woodhaven, 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 Woodhaven, 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 Woodhaven, MI
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