Caspian vs Iron River

A side-by-side comparison of Caspian and Iron River: population, income, housing, and more.

Caspian and Iron River are places in Michigan. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.

Iron River has the higher population (3,009 vs 553 in Caspian). Iron River has the higher median household income ($48,750 vs $36,750 in Caspian). Iron River has the higher median home value ($75,000 vs $69,400 in Caspian).

Population, income & housing

	Caspian	Iron River
Population	553	3,009
Median age	57.4 yrs	41.4 yrs
Median household income	$36,750	$48,750
Median home value	$69,400	$75,000
Median gross rent	$620	$435
Housing units	383	1,858
Homeownership rate	71.6%	72.0%
Bachelor's degree or higher	15.7%	16.5%
Unemployment rate	10.3%	4.3%

Trends (ACS 5-year, 2019–2023)

	Caspian	Iron River
Population	477 → 553 (+15.9%)	2,854 → 3,009 (+5.4%)
Median household income	$29,063 → $36,750 (+26.4%)	$34,940 → $48,750 (+39.5%)
Median home value	$43,100 → $69,400 (+61.0%)	$54,000 → $75,000 (+38.9%)
Median gross rent	$513 → $620 (+20.9%)	$477 → $435 (-8.8%)

Caspian

Population

477553

Median household income

$29,063$36,750

Median home value

$43,100$69,400

Median gross rent

$513$620

Iron River

Population

2,8543,009

Median household income

$34,940$48,750

Median home value

$54,000$75,000

Median gross rent

$477$435

Age & race/ethnicity

Age distribution (share)

	Caspian	Iron River
Under 5	3.3%	4.9%
5 to 17	11.8%	15.0%
18 to 24	5.4%	6.6%
25 to 34	7.6%	10.5%
35 to 44	8.7%	14.7%
45 to 54	10.8%	11.0%
55 to 64	16.1%	19.0%
65 to 74	20.1%	10.1%
75 and over	16.3%	8.1%

Race & ethnicity (share)

	Caspian	Iron River
White (non-Hispanic)	84.6%	93.2%
Black or African American	0.0%	0.8%
American Indian & Alaska Native	1.4%	1.8%
Asian	0.7%	0.0%
Native Hawaiian & Pacific Islander	0.0%	0.0%
Some other race	0.5%	0.0%
Two or more races	12.7%	0.8%
Hispanic or Latino	0.0%	3.4%

Educational attainment (age 25+)

Share of adults 25+

	Caspian	Iron River
No high school diploma	10.9%	6.0%
High school graduate	35.7%	48.6%
Some college or associate's	37.7%	28.8%
Bachelor's degree	11.1%	12.5%
Graduate or professional degree	4.5%	4.1%

Commute to work

How workers get to work (share)

	Caspian	Iron River
Drove alone	79.9%	76.7%
Carpooled	9.2%	9.0%
Public transit	0.0%	0.0%
Walked	4.6%	2.6%
Bicycle	0.0%	0.0%
Worked from home	1.7%	7.2%
Other means	4.6%	4.5%

Housing

Units in structure (share)

	Caspian	Iron River
1-unit, detached	81.5%	78.5%
1-unit, attached	0.0%	0.0%
2 to 4 units	0.0%	9.7%
5 to 19 units	0.5%	7.3%
20 or more units	14.9%	3.3%
Mobile home & other	3.1%	1.2%

Poverty & households

	Caspian	Iron River
Poverty rate	25.7%	23.2%
Average household size	1.83	2.17
Mean commute (minutes)	25	11
Median year structure built	1951	1951