Ilion, NY's Data
About Ilion, NY's
Ilion is a village located in Herkimer County, New York, part of the Mohawk Valley region. It was incorporated in 1852 and has a rich history linked to the manufacturing industry, particularly firearms. The village was named after the ancient city of Ilion, known today as Troy. Ilion's historical significance is highlighted by its association with the Remington Arms Company, which was founded here in 1816.
Things To Do in Ilion, NY
Hike: Here are a couple of local trails to check out!
Local Attractions in Ilion, NY
Remington Firearms Museum - Showcases the history of firearms with a collection from the Remington factory.
Ilion Marina - A scenic spot offering boating and fishing opportunities along the Erie Canal.
Central Valley Academy - Notable for its educational system and community events.
Russell Park - A local recreational area providing outdoor activities like sports and picnicking.
Ilion Public Library - Offers a wealth of resources and programs that enrich the community.
The Economy of Ilion, NY
The economy of Ilion has traditionally been anchored by the manufacturing sector, with the Remington Arms Company playing a pivotal role as a major employer and economic driver for over two centuries. Although the company has faced challenges, including filing for bankruptcy, it remains an integral part of the village's economic identity. The local economy also benefits from small businesses, retail, and services that cater to the needs of its residents.
Ilion, NY Inflation
Understanding the BLS and Inflation in Ilion, NY
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Ilion, NY. 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 Ilion, NY understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Ilion, NY 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 Ilion, NY 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 Ilion, NY
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