Caspian, MI
Comprehensive Demographic, Economic, and Housing Data Profile
Living in Caspian, MI: Quick Facts & Overview
- Population: 600 residents (162 people per sq. mi.)
- Average House Price: $73,019
- Average Household Income: $32,794
Caspian, MI is located in the state of Michigan. It is home to about 600 people, with around 162 residents living in every square mile.
If you want to buy a house in Caspian, the average price is around $73,019. That makes local housing 67% lower than the Michigan average of $221,733, and 76% lower than the national average of $308,592.
The average household in Caspian earns about $32,794 a year. This income is 55% lower than the average family in Michigan ($73,374), and 58% lower than the national average ($78,686).
Population
600
Median Household Income
$32,794
Median Home Value
$73,019
Median Age
49.0 yrs
Household Income Brackets
Racial & Ethnic Demographics
Age Distribution
Educational Attainment
Economic & Labor Indicators
| Individual Median Income | $26,250 |
| Labor Force Participation | 42.5% |
| Unemployment Rate | 5.0% |
| Average Commute Time | 24.2 mins |
Housing & Community Metrics
| Home Ownership Rate | 75.3% |
| Median Rent | $665 |
| Rent Burdened (>30% Income) | 36.6% |
| Total Housing Units | 324 |
Additional Census & Housing Profile
Geographic Overview
| County | Iron |
| County FIPS | 26071 |
| Metro Area (CBSA) | - |
| Population Density | 162.4/sq mi |
| Coordinates (lat/lng) | 46.0653, -88.6266 |
| Timezone | America/Menominee |
| National Ranking | 3 |
| Incorporated | Yes |
Household Structure
| Average Family Size | 2.33 |
| Dual Income Families | 23.5% |
Marital Status
| Married | 42.9% |
| Never Married | 28.8% |
| Divorced | 19.5% |
| Widowed | 8.8% |
Gender
| Male | 50.7% |
| Female | 49.3% |
Health & Poverty
| Uninsured Rate (Health) | 3.5% |
| Poverty Rate | 35.3% |
Key Population Groups
| Veterans | 8.0% |
| Disabled Population | 28.0% |
| Limited English Proficiency | - |
All ZIP Codes in Caspian
Nearby Cities
| City | Distance | Population |
|---|---|---|
| Gaastra, MI | 1.2 miles | 296 |
| Iron River, MI | 2.3 miles | 3,002 |
| Alpha, MI | 12 miles | 215 |
| Amasa, MI | 13.9 miles | 253 |
| Crystal Falls, MI | 14.6 miles | 1,719 |
| Florence, WI | 20.6 miles | 488 |
| Kingsford, MI | 31 miles | 5,124 |
| Watersmeet, MI | 31.2 miles | 250 |
| Eagle River, WI | 31.7 miles | 1,528 |
| Three Lakes, WI | 31.7 miles | 410 |
| Iron Mountain, MI | 31.8 miles | 7,518 |
| Covington, MI | 32.9 miles | 112 |
| Goodman, WI | 33.3 miles | 170 |
| Laona, WI | 35 miles | 631 |
| Quinnesec, MI | 35.3 miles | 892 |
| Niagara, WI | 36 miles | 1,464 |
| Crandon, WI | 36.7 miles | 1,365 |
| Republic, MI | 38.3 miles | 519 |
| Three Lakes, MI | 38.8 miles | 172 |
| Norway, MI | 38.9 miles | 2,833 |
| Bruce Crossing, MI | 42 miles | 257 |
| Michigamme, MI | 42.1 miles | 229 |
| Pembine, WI | 42.5 miles | 269 |
| Wabeno, WI | 43.3 miles | 269 |
| Mole Lake, WI | 43.5 miles | 533 |
| Sayner, WI | 43.8 miles | 213 |
| Ewen, MI | 45.1 miles | 281 |
| L'Anse, MI | 48.2 miles | 1,790 |
| Rhinelander, WI | 48.6 miles | 8,316 |
| Post Lake, WI | 49 miles | 331 |
| Boulder Junction, WI | 49.1 miles | 193 |
| Lake Tomahawk, WI | 49.4 miles | 190 |
| Amberg, WI | 49.4 miles | 185 |
| Baraga, MI | 49.5 miles | 1,939 |