Caspian city, Michigan Demographics & Population 2026
As of 2026, Caspian city, Michigan has a total population of 553, the 534th largest city in Michigan, with a median household income of $36,750, which is 48% lower than the state average. The poverty rate is 25.7%.
Key Takeaways
- Household income is 48% below the state average, indicating significant economic challenges.
- More than 1 in 4 residents live below the poverty line (25.7%), well above the national average of 12.4%.
- Housing is very affordable with a home-value-to-income ratio of just 1.9x.
- Unemployment rate of 10.3% is notably above the national average.
Caspian city Quick Facts
How Caspian city Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 44 | National average: 60
Education
Educational Attainment (Adults 25+)
Caspian city Rankings in Michigan
Explore Michigan Rankings
Other Cities in Iron County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Iron River city | 3,009 | $48,750 | 23.2% | $75,000 |
| Crystal Falls city | 1,734 | $59,712 | 21.8% | $79,900 |
| Gaastra city | 324 | $57,500 | 8.2% | $61,000 |
Cities Similar to Caspian city
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Robin Glen-Indiantown CDP | 545 | $33,594 | N/A | 3.2% | 25.9% |
| Republic CDP | 530 | $41,136 | $60,700 | 9.3% | 22.4% |
| Gobles city | 598 | $39,931 | $100,000 | 11.9% | 22.7% |
| Fairgrove village | 492 | $37,500 | $75,600 | 7.2% | 17.8% |
| Harrisville city | 484 | $36,089 | $108,700 | 25.8% | 23.8% |
Population Overview
Caspian city is a small community located in Michigan, within Iron County. The total population is 553. It ranks as the 534th most populous out of 745 cities and towns in Michigan.
Age Demographics
The median age in Caspian city is 57.4 years. This is 43% higher than the state median of 40.1 years. 16.3% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.
Economy, Income & Housing
The median household income in Caspian city is $36,750. This is 48% lower than the state median of $71,149. Compared to the national median of $78,538, household income here is 53% lower. The poverty rate stands at 25.7%. This is 97% higher than the state poverty rate of 13.1%. With more than one in five residents living below the poverty line, economic hardship is a significant challenge for the community. The unemployment rate is 10.3%. This is 77% higher than the state rate of 5.8%. The median home value is $69,400. Housing costs are 68% lower than the state median of $217,600. With a home-value-to-income ratio of just 1.9x, Caspian city is one of the most affordable housing markets in the area. 71.6% of occupied housing units are owner-occupied. This homeownership rate is 2% lower than the state average of 72.9%.
Race & Ethnicity
The largest racial or ethnic group in Caspian city is White (non-Hispanic), making up 84.6% of the population. Asian residents account for 0.7%. The Asian population (0.7%) is well below the state average of 3.3%.
Education
15.7% of residents aged 25 and older hold a bachelor's degree or higher. This is 51% lower than the state rate of 31.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 89.1%.
Data Sources & Methodology
All demographic data for Caspian city, Michigan is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Michigan state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 745 Census-designated places in Michigan. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Caspian city, Michigan?
Caspian city, Michigan has a population of 553 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Caspian city, MI?
The median household income in Caspian city is $36,750, which is 53% lower the national median of $78,538.
What is the poverty rate in Caspian city, MI?
The poverty rate in Caspian city is 25.7%. This means approximately 142 residents live below the federal poverty line.
What is the racial makeup of Caspian city, Michigan?
Caspian city's population is 84.6% White, 0.0% Black, 0.0% Hispanic/Latino, and 0.7% Asian.
What is the median home value in Caspian city, MI?
The median home value in Caspian city is $69,400. The home-value-to-income ratio is 1.9x.
How educated is Caspian city, Michigan?
15.7% of adults (25+) in Caspian city hold a bachelor's degree or higher, and 4.5% hold a graduate or professional degree.