Caspian

Population: 553
Median household income: $36,750
Median home value: $69,400

Caspian is a community in Iron County, Michigan, home to 553 residents. Its median household income of $36,750 runs below the Iron County figure of $53,614.

Between 2019 and 2023, Caspian's population grew 15.9% from 477 to 553, while its median home value rose 61.0% from $43,100 to $69,400.

The median gross rent is $620. 15.7% of adults 25 and older hold a bachelor's degree or higher.

Demographics

ACS 2019–2023

Population: 553
Median age: 57.4 yrs
Median household income: $36,750
Median home value: $69,400
Median gross rent: $620
Housing units: 383
Homeownership rate: 71.6%
Bachelor's degree or higher: 15.7%
Unemployment rate: 10.3%

Trends

ACS 5-year · 2019–2023

Population

477553

Median household income

$29,063$36,750

Median home value

$43,100$69,400

Median gross rent

$513$620

Year	Population	Median household income	Median home value	Median gross rent
2019	477	$29,063	$43,100	$513
2020	491	$32,813	$46,800	$547
2021	510	$39,583	$46,300	$578
2022	611	$44,338	$47,900	$604
2023	553	$36,750	$69,400	$620

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 53.3%

5 to 1711.8%

18 to 245.4%

25 to 347.6%

35 to 448.7%

45 to 5410.8%

55 to 6416.1%

65 to 7420.1%

75 and over16.3%

	Count	Share
Under 5	18	3.3%
5 to 17	65	11.8%
18 to 24	30	5.4%
25 to 34	42	7.6%
35 to 44	48	8.7%
45 to 54	60	10.8%
55 to 64	89	16.1%
65 to 74	111	20.1%
75 and over	90	16.3%

Race & ethnicity

	Count	Share
White (non-Hispanic)	468	84.6%
Black or African American	0	0.0%
American Indian & Alaska Native	8	1.4%
Asian	4	0.7%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	3	0.5%
Two or more races	70	12.7%
Hispanic or Latino (any race)	0	0.0%

Educational attainment (age 25+)

No high school diploma10.9%

High school graduate35.7%

Some college or associate's37.7%

Bachelor's degree11.1%

Graduate or professional degree4.5%

	Count	Share
No high school diploma	48	10.9%
High school graduate	157	35.7%
Some college or associate's	166	37.7%
Bachelor's degree	49	11.1%
Graduate or professional degree	20	4.5%

Commute to work

Mean travel time to work: 25 min

Drove alone79.9%

Carpooled9.2%

Public transit0.0%

Walked4.6%

Bicycle0.0%

Worked from home1.7%

Other means4.6%

How workers get to work

	Count	Share
Drove alone	139	79.9%
Carpooled	16	9.2%
Public transit	0	0.0%
Walked	8	4.6%
Bicycle	0	0.0%
Worked from home	3	1.7%
Other means	8	4.6%

Travel time

	Count	Share
Under 15 min	114	66.7%
15 to 29 min	13	7.6%
30 to 44 min	20	11.7%
45 to 59 min	6	3.5%
60+ min	18	10.5%

Households

Average household size: 1.83
Poverty rate: 25.7% (142 of 553)

	Count	Share
Family households	166	54.8%
Nonfamily households	137	45.2%

Housing

Median year structure built: 1951

Occupancy

	Count	Share
Occupied	303	79.1%
Vacant	80	20.9%

Tenure (of occupied units)

	Count	Share
Owner-occupied	217	71.6%
Renter-occupied	86	28.4%

1-unit, detached81.5%

1-unit, attached0.0%

2 to 4 units0.0%

5 to 19 units0.5%

20 or more units14.9%

Mobile home & other3.1%

Units in structure

	Count	Share
1-unit, detached	312	81.5%
1-unit, attached	0	0.0%
2 to 4 units	0	0.0%
5 to 19 units	2	0.5%
20 or more units	57	14.9%
Mobile home & other	12	3.1%

Geography

Place GEOID: 2613860
Type (LSAD): 25
Land area: 1.43 sq mi
Water area: 0 sq mi
Center point: 46.0653, -88.6266