Caspian, Michigan Demographics & Population 2026

A note before these figures: with a population of 600, Caspian's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.

Population Overview

Caspian is a small community located in Michigan, within Iron County. The total population is 600. It ranks as the 520th most populous out of 745 Census-designated places in Michigan.

Age Demographics

The median age in Caspian is 49.0 years. This is 22% higher than the state median of 40.2 years. 14.3% 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 is $32,794. This is 55% lower than the state median of $72,875. It is also 59% lower than the national median of $80,734. The poverty rate stands at 35.3%. This is 167% higher than the state poverty rate of 13.2%. 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 5.0%. This is 12% lower than the state rate of 5.7%. The median home value is $79,100. Housing costs are 66% lower than the state median of $231,600. With a home-value-to-income ratio of just 2.4x, Caspian is one of the most affordable housing markets in the area. 75.3% of occupied housing units are owner-occupied. This homeownership rate is 3% higher than the state average of 73.2%.

Race & Ethnicity

The largest racial or ethnic group in Caspian is White (non-Hispanic), making up 80.5% of the population. Asian residents account for 1.0%. The Black or African American population (0.2%) is well below the state average of 13.1%. The Asian population (1.0%) is well below the state average of 3.4%.

Education

12.7% of residents aged 25 and older hold a bachelor's degree or higher. This is 61% lower than the state rate of 32.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 86.8%.

Data Sources & Methodology

All demographic data for Caspian, Michigan is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. 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. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.