Radford, VA's Data
About Radford, VA's
Radford is an independent city in the Commonwealth of Virginia, United States. Located in the southwestern part of the state, Radford is enveloped by Montgomery County and is part of the Blacksburg-Christiansburg Metropolitan Statistical Area. Originally established as a village in 1887, Radford has a rich history tied to the railroads and the New River. Known as the 'City of Spirits', Radford's heritage is deeply connected with the surrounding natural landscapes and the vibrant culture of southwestern Virginia.
Things To Do in Radford, VA
Hike: Here are a couple of local trails to check out!
Local Attractions in Radford, VA
Radford University - A comprehensive public university offering a wide range of undergraduate and graduate programs.
Wildwood Park - A scenic park featuring walking trails, the scenic New River, and diverse wildlife.
Glencoe Mansion, Museum & Gallery - A historic house museum that showcases the area's history and art within a Victorian-era mansion.
Bisset Park - The largest city park in Radford, offering recreational activities along the New River with facilities for sports, picnics, and events.
Radford Theatre - A historic theater providing entertainment through movies and community events, enhancing local cultural life.
The Economy of Radford, VA
Radford's economy historically centered around manufacturing with the presence of the Radford Army Ammunition Plant, which remains a significant employer. Today, the economy has diversified with education playing a crucial role, anchored by Radford University. The university not only contributes through education and employment but also stimulates local businesses and cultural initiatives. Healthcare and retail are other pivotal sectors contributing to Radford's economic landscape.
Radford, VA Inflation
Understanding the BLS and Inflation in Radford, VA
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Radford, VA. 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 Radford, VA understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Radford, VA 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 Radford, VA 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 Radford, VA
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