Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 53.8 yrs |
|---|---|
| Avg HH Size | 1.93 |
| Below Poverty | 23.9% ▲ 139% above avg |
| College Grads | 32.3% ▼ 17% below avg |
| Unemployment | 10.2% ▲ 107% above avg |
| No HS Diploma | 8 (2.1%) |
| HS Graduate | 115 (30.4%) |
| Some College | 65 (17.2%) |
| Associates | 68 (18%) |
| Bachelors | 58 (15.3%) |
| Graduate Degree | 64 (16.9%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $41,786 ▼ 45% below avg |
|---|---|
| Median Home Value | $69,400 ▼ 75% below avg |
| Home/Income Ratio | 1.7x (nat avg ~3.5x) |
| Median Rent | $772/mo |
| Total Housing Units | 335 |
| Vacant Units | 65 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Caspian is a city in Michigan, located in Iron County. The city spans 1 ZIP code and is home to approximately 520 residents. It is a mature city, with a median age of 53.8 years.
Economically, Caspian is a working-class community. The median household income of $41,786 is below the national average. Approximately 23.9% of residents live below the poverty line. The unemployment rate is 10.2%, more than double the national average.
The real estate market in Caspian is one of the more affordable housing markets in the country. Median home values stand at $69,400, which is well below the national average. Renters typically pay around $772 per month. Homeownership is high at 80.4%, typical of suburban and family-oriented communities.
The population of Caspian is moderately educated. 32.3% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (83.65%).
Caspian, MI offers residents a cost-conscious lifestyle within Michigan.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 49915 | 520 | $41,786 | $69,400 | $772 | 10.2% | 32.3% | 80.4% |