Milan, OH's Data
About Milan, OH's
Milan village, located in Erie County, Ohio, is a historic village renowned for being the birthplace of Thomas Edison, the famed inventor. Established in 1817, Milan's heritage is deeply intertwined with the Erie Canal, which significantly boosted its economy in the 19th century by facilitating grain trade. Although the canal's importance declined, Milan's charm and historical significance continue to define its character.
Things To Do in Milan, OH
Hike: Here are a couple of local trails to check out!
Local Attractions in Milan, OH
Edison Birthplace Museum - The birthplace of Thomas Edison, offering insights into the early life of America's greatest inventor.
Milan Historical Museum - A complex of buildings showcasing artifacts and exhibits on 19th-century life, emphasizing Milan's canal-era prosperity.
Invention Restaurant - A dining spot themed around the inventive spirit of Edison, located in the heart of the village.
Milan Canal Park - A scenic area that commemorates the village's canal history with walking trails and educational displays.
The Milan Wine Post - A local favorite offering a selection of wines and hosting regular tasting events.
The Economy of Milan, OH
Today, Milan's economy has transitioned from its historical reliance on the Erie Canal to a more diversified portfolio, including tourism, local businesses, and manufacturing. The presence of the Edison Birthplace Museum and other historical sites fuels its tourism sector. Local businesses in retail and dining also contribute to the economic landscape, supported by both residents and visitors.
Milan, OH Inflation
Understanding the BLS and Inflation in Milan, OH
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Milan, OH. 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 Milan, OH understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Milan, OH 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 Milan, OH 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 Milan, OH
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