Also See Caspian, MI: ZIP Codes & Maps
The City of Caspian had a population of 789 as of July 1, 2023.
The primary coordinate point for Caspian is located at latitude 46.0641 and longitude -88.6315 in Iron County. The formal boundaries for the City of Caspian encompass a land area of 1.42 sq. miles and a water area of 0 sq. miles. Iron County is in the Central time zone (GMT -6).
The City of Caspian has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.
POPULATION | |
---|---|
Total Population | 789 (100%) |
Population in Households | 789 (100.0%) |
Population in Families | 551 (69.8%) |
Population in Group Quarters1 | 0 |
Population Density | 553 |
Diversity Index2 | 20 |
INCOME | |
Median Household Income | $48,240 |
Average Household Income | $63,108 |
% of Income for Mortgage4 | 12% |
Per Capita Income | $31,514 |
Wealth Index5 | 47 |
Socioeconomic Status Index6 | Moderate (49.1) |
HOUSING | |
---|---|
Total HU (Housing Units) | 491 (100%) |
Owner Occupied HU | 284 (57.8%) |
Renter Occupied HU | 110 (22.4%) |
Vacant Housing Units | 97 (19.8%) |
Median Home Value | $93,478 |
Average Home Value | $167,254 |
Housing Affordability Index3 | 180 |
HOUSEHOLDS | |
Total Households | 394 |
Average Household Size | 2.00 |
Family Households | 204 |
Average Family Size | 3.00 |
GROWTH RATE / YEAR |
2020-2023 | 2023-2028 |
---|---|---|
Population | -0.62% | 0.00% |
Households | -1.07% | -0.10% |
Families | 0.10% | |
Median Household Income | 4.03% | |
Per Capita Income | 2.48% | |
Owner Occupied HU | -0.79% |
The table below compares Caspian to the other 745 incorporated cities, towns and CDPs in Michigan by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
Variable Description | Rank | Percentile |
---|---|---|
Total Population | # 475 | 36th |
Population Density | # 501 | 33rd |
Median Household Income | # 602 | 19th |
Housing Affordability Index | # 669 | 90th |
Per Capita Income | # 429 | 43rd |
Diversity Index | # 487 | 34th |
Additional comparisons and rankings can be made with a VERY EASY TO USE Michigan Census Data Comparison Tool.
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